Vedanta has an extensive and diversified asset portfolio, which is characterised by global cost leadership in several core businesses enabling superior margins and free cash flow generation across the commodity cycle. With ongoing investments in capacity creation and efforts for structural cost reduction and operational efficiency, we continue to reinforce our cost competitiveness. Our robust commodity mix, focussed on base metals and oil, that have strong fundamentals and robust demand further gives resilience to our business.

Asset Base

Aluminium

Zinc-Lead-Silver

Oil and Gas

Iron and Steel

Power

Copper

Cost Position

Vedanta continued its strong growth momentum and witnessed steady volume augmentation and cost reduction across key businesses, with aluminium and Zinc, Steel, Iron Ore, Pig Iron, Ferrochrome businesses delivering record performance.

Indian economy, on the back of significant infrastructure investment and the government’s focus on manufacturing and urbanisation, is growing rapidly. This alongside the emphasis on a green economy, electronics and digitalisation is likely to push the per capita metal consumption, presently below the global average. Expectation of healthy economic growth at 8.6% CAGR during 2022-2030 augurs well for the minerals demand. Vedanta’s operations, being primarily India-focussed, are poised to benefit from the economic momentum. The following advantages position us uniquely in this market:

Demand 2023-2030 CAGR

Source: Wood Mackenzie, IHS Markit, OPEC World Oil Outlook 2023 Note: All commodities demand correspond to primary demand; figures are for 2023

India Growth Potential

Source - IHS Markit

India mineral reserves ranking globally

Source: USGS Mineral Commodity Summaries 2022, OPEC Annual Statistical Bulletin 2023

We have a track record of consistently delivering phenomenal production growth across our assets. We ensure this through our disciplined approach to development, ensuring steady production growth across operations while prioritising efficiency and cost savings. We further leverage our management team’s extensive sectoral and global experience alongside investments in digitalisation, automation and vertical integration, to operate efficiently and responsibly.

Vedanta has been at the forefront of digitalisation, adopting a digital-first culture that ensures sustained technology innovation and digital literacy of the entire workforce. Enabled by this, we have successfully implemented an organisation-wide digital transformation. This includes ongoing investments in advanced Industry 4.0 technologies like deploying Digital Twin and Advanced Process Control, to enhance operational efficiency.

We are among the few companies to deploy cutting-edge digitalisation at mines, which ensures highly efficient and safe remote operations. We further collaborate with established startups and partners to implement cutting-edge digital solutions. These efforts have contributed to volume gains and cost optimisation, contributing to EBITDA improvement.

• Aiming to spend US$ 5 billion in the next decade targeting to reduce absolute emissions by 25% by 2030 (from the 2021 baseline) and eventually progress towards Net Carbon neutrality by 2050. Towards this, we have set goals to have 2.5 GW of RE RTC (838 MW under construction) by 2030 and decarbonising 100% of our Light Motor Vehicle (LMV) fleet by 2030 and 75% of our mining fleet by 2035. We further continue to take measures like promoting operational efficiency, changing fuel mix and exploring the potential for green product development.
• Making steady progress across various other ESG targets including water positivity (currently 0.7x) by 2030, uplifting 100 million (currently 17.4 million) women and children, empowering 100 million families (currently 1.4 million) with enhanced skill sets
• Ensuring a diverse and inclusive workplace, with 20% women representation and 36 members from the transgender community
• Enhancing workplace safety with the implementation of critical risk management across the business
• Maintaining transparent and complete disclosures, beyond regulatory, by aligning with international frameworks and standards like GRI, TCFD etc.