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A RESILIENT MODEL FOR LONG-TERM VALUE CREATION

Inputs

Resources and relationships deployed

Financial Capital

  • Equity: ₹ 372 crore
  • Gross debt: ₹ 71,759 crore
  • Net worth: ₹ 42,069 crore
  • Cash and cash equivalent: ₹ 15,421 crore
  • Growth capex: ₹ 12,267 crore

Manufactured Capital

  • Well-maintained and functional plant and equipment: ₹ 1,21,852 crore
  • Capital work-in-progress: ₹ 20,331 crore
  • Reliable availability of services from services providers and contractors

Intellectual Capital

  • Purpose and long-term goals‑driven culture with continued investments to align strategy
  • Leadership and management training
  • Ongoing investments in digitalisation, innovation and process automation

Human Capital

  • Total workforce: 97,015
  • HSE workforce (incl. contractor): 1,160
  • No. of geologists*: 206
  • Training: 29,73,887 hours
  • Safety training: 23,58,662 hours
  • Employees covered under mentoring and support programmes: 2,900

Social And Relationship Capital

  • Community investment: ₹ 438 crore
  • Strong global and domestic banking relationship: 30+
  • Independent Directors: 4
  • Constructive dialogues with unionised and non-unionised workforce
  • Established credibility with local communities, civil society organisations, NGOs and the media

Natural Capital

  • Resources consumed (in million):
    • Energy :648.72 million GJ
    • Scope 2 :280.21 million m3
  • HVLT waste generated: 20.15 million tonnes
  • Fly ash generated: 15.62 million tonnes
  • R&R Zinc India: 456.3 million tonnes, containing 30.82 million tonnes, of zinc-lead metal and 854.3 million ounces, of silver
  • R&R Zinc International: 662 million tonnes, containing 34.8 million tonnes of metal
  • R&R Oil & Gas: 1,376 Mmboe gross proved, and probable reserves and resources

Availability, affordability and accessibility of capital and trade-offs faced

Financial Capital

  • Operating in a fast-growing economy where the focus is on infrastructure development and sustainability, Vedanta has adequate access to capital
  • The increase in market rates has increased interest costs

Manufactured Capital

  • Ensuring continued access to manufactured assets through targeted investments in maintenance and necessary replacement
  • Robust R&R base ensures steady raw material availability
  • All capex projects are progressing well for scheduled completion

Intellectual Capital

  • Focussed approach and programmes for R&D, skill development and attracting and retaining top talent
  • Modernised processes and high-end technology ensure alignment with the evolving world

Human Capital

  • Ready availability of skilled and semi-skilled people across global operations
  • Continued investments in skilling and well-being initiatives for people ensuring high retention

Social And Relationship Capital

  • Increased stakeholders’ expectations for enhanced ESG performance
  • Negative sentiments towards companies in the metal and mining sector

Natural Capital

  • Healthy and long-life asset with an adequate R&R base
  • Natural and mineral resources being finite, we maintain a strong focus on managing them carefully

Business segments

Zinc

Aluminium

Oil and Gas

Iron Ore

Steel

Ferro Alloys

Copper

Our value chain activities

Exploration

Asset development

Extraction

Processing

Value addition and marketing

Industries serviced

Infrastructure

Building and Construction

Power

Automotive

Steel

Transport

Appliances

Wires and Cables

Aerospace

Packaging

Hydrocarbon refineries

Chemicals

Fertiliser

Nodata

Our core values

Trust

Entrepreneurship

Innovation

Excellence

Integrity

Care

Respect

USING OUR SIX CAPITALS TO CREATE VALUE

Business segments and Outputs

ZINC

  • Mined Metal – 1,079 kt
  • Integrated Metal – 1,033 kt

OIL AND GAS

  • 128 Kboepd

POWER

  • 13.4 bn kWh

PIG IRON

  • 831 kt

ALUMINIUM

  • Alumina – 1.8 million tonnes
  • Aluminium – 2.4 million tonnes

ZINC INTERNATIONAL

  • 208 kt

STEEL

  • 1,386 kt

COPPER

  • 141 kt

Outcomes

FINANCIAL CAPITAL

  • Turnover: ₹ 1,41,793 crore
  • EBIDTA: ₹ 36,455 crore
  • Attributable PAT (before exceptional items): ₹ 7,956 crore
  • Earnings per share (before exceptional Items): ₹ 21.40 per share
  • Dividends paid: ₹ 18,572 crore
  • FCF post-capex: ₹ 11,427 crore
  • RoCE : 23%
  • Net Debt to EBITDA: 1.5x
  • Total exchequer contribution: ₹ 54,402 crore

MANUFACTURED CAPITAL

  • Implementation of capex projects on schedule
  • Ensuring optimal performance of assets

INTELLECTUAL CAPITAL

  • R&D Spend: ₹ 13 crore
  • Patents received in FY 2023-24: 2
  • Patents under active application: 11
  • Investment in digitalisation: ₹ 160 crore

HUMAN CAPITAL

  • Attrition rate: 10.8%
  • Diversity ratio: 20%
  • Total recordable injury frequency rate (TRIFR): 1.3
  • Fatalities: 3
  • Successful inclusion of LGBTQ+ colleagues with supportive policies

SOCIAL AND RELATIONSHIP CAPITAL

  • CSR beneficiaries: 17.4 million
  • Nand Ghars built till FY 2023: 6,000
  • Dividend declared: ₹ 29.5 per share
  • Contribution to the exchequer: ₹ 54,402 crore
  • Youth benefited from employment-based skills training: 4,076

NATURAL CAPITAL

  • GHG Emissions
    • Scope 1 – 61.28 million tCO2e
    • Scope 2 – 4.56 million tCO2e
  • Water recycled: 84.7 million m3
  • HVLT utilised/utilisation: 18.5 million tonnes/92%
  • Fly ash utilised/utilisation rate: 16.5 million tonnes/107%

Actions to enhance outcomes

FINANCIAL CAPITAL

  • Focus on value-added products with better margins
  • Prudent capital allocation for capacity expansion
  • Demerger approved by the Board to unlock the potential of respective businesses
  • Focus on deleveraging balance sheet

MANUFACTURED CAPITAL

  • Continued efforts to reduce costs and enhance productivity
  • Significant investments committed towards capex projects

INTELLECTUAL CAPITAL

  • Sustained investments in innovation and phase 2 implementation of organisation-wide digital transformation project to maintain the competitive edge

HUMAN CAPITAL

  • Rolling out critical risk management to cover major risk areas
  • Strive for zero harm and zero discrimination workplace
  • Invest in employee skilling, health & safety and well-being

SOCIAL AND RELATIONSHIP CAPITAL

  • Seek newer ways to engage and build healthy relationships with stakeholders
  • Maintain a robust ESG framework

NATURAL CAPITAL

  • R&D to convert operational by‑products into raw materials for application in other industries and internal consumption
  • Partnerships for circular economy solutions

Stakeholder affected

FINANCIAL CAPITAL

MANUFACTURED CAPITAL

INTELLECTUAL CAPITAL

HUMAN CAPITAL

SOCIAL AND RELATIONSHIP CAPITAL

NATURAL CAPITAL

SDGs positively impacted

FINANCIAL CAPITAL

MANUFACTURED CAPITAL

INTELLECTUAL CAPITAL

HUMAN CAPITAL

SOCIAL AND RELATIONSHIP CAPITAL

NATURAL CAPITAL

Shareholders

Investors

Lenders

Employees

Suppliers

Customers

Government

Local
community

Environment

NGOs

Civil Society
Groups

Nodata

Value Creation Model