VEDANTA AT A GLANCE

Vedanta Limited is one of the world’s foremost natural resources conglomerates, with primary interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas. With world-class, low-cost, long-life strategic assets based in India and Africa, we are rightly positioned to create long-term value with superior cash flows.

70,000+

Direct and indirect employment

Largest

Natural resources company in India

Ranked #2

By DJSI in Asia Pacific in the metal & mining sector

2,300+

Nand Ghars created for social welfare

~13.6 million

tCO2e in avoided emissions from 2012 baseline

~`2,74,000 crore

Total contribution to the national exchequer in the past 10 years

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`86,863 crore

Revenue

4%

`27,341 crore

EBITDA

30%

`36 %

EBITDA Margin

`12,151 crore

Profit Attributable to equity holders (before exceptional items)

`13,821 crore

FCF post-capex

`57,028 crore

Gross Debt

`32,614 crore

Cash and Cash Equivalents

`24,414 crore

Net Debt

~19 %

ROCE

AA-

Credit ratings with stable
outlook, CRISIL and India Ratings

~`34,500 crore

Contribution to the excheque

0.9 x

Net Debt/EBITDA

42 million

CSR programme beneficiaries
(FY2020: 3.26 million)

60 million mt

Carbon footprint
(FY2020: 59 million mt)

8 fatalities

in FY2021 (FY2020: 7)

1.89 million GJ

Energy conserved
(FY2020: 1.75 million GJ)

~`322.7 crore

Community investment
(FY2020: `296 crore)

30.7 %

Water recycling rate
(FY2020: 29%)

CHAIRMAN’S STATEMENT

Strength meets responsibility

DEAR STAKEHOLDERS,

The year 2020 was a very unusual year for all of us. A year that was challenging on multiple fronts, but what stood out was the extraordinary resilience and adaptability of individuals and enterprises. There was a tectonic shift in the way we live or conduct our businesses, and Vedanta was no different.

Anil Agarwal,

Chairman

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CEO’S STATEMENT

Spirit of consistent delivery and growth

DEAR STAKEHOLDERS,

I am happy to report that our intrinsic spirit to do more and serve more helped us navigate the crisis with confidence in FY2021, which truly tested our mettle. In a year abound with changes and challenges, our performance was exemplary by any measure.

Sunil Duggal,

Chief Executive Officer

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BOARD OF DIRECTORS

Anil Agarwal

Non-Executive Chairman

Navin Agarwal

Executive Vice Chairman

Padmini Somani

Non-Executive Independent Director

Dindayal Jalan

Non-Executive Independent Director

Sunil Duggal

Whole-Time Director & Chief Executive Officer

Upendra Kumar Sinha

Non-Executive Independent Director

Mahendra Kumar Sharma

Non-Executive Independent Director

Priya Agarwal

Non-Executive Non-Independent Director

HZL offers two variants

HZDA-3 and HZDA-5
Case Studies

Marching ahead and contributing to

AATMANIRBHAR BHARAT

Hindustan Zinc Limited (HZL) is aggressively pursuing the Government of India’s mega drive towards Aatmanirbhar Bharat, and developing value-added zinc products for India’s steel, auto and alloy industries. Many success stories have been meticulously crafted through the collective grit and relentless innovation focus by Team HZL.

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At Vedanta, we are relentlessly exploring the capabilities of aluminium as the

‘Green Metal of the Future’
Case Studies

Powering the wheels of

AUTOMOTIVE INDUSTRY

Aluminium’s versatility makes it the metal of choice for a wide range of industries. These are aviation, aerospace, automobiles and electric vehicles, transportation, building & construction, defence, electrical distribution, and many more. As India’s largest aluminium producer, our quest for product excellence stems from a mission to serve our customers better. This is centred around developing value-additions that tap into the metal’s superior inherent properties to cater to the evolving market requirements.

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3D Visualisation module

of OptiMine to track machines in the Rampura Agucha underground mine

Case Studies

Taking digital transformation to

THE NEXT LEVEL

“Vedanta is focused on applying smart manufacturing technologies aimed at significantly improving HSE, driving up production volumes, reducing operating cost, improving stakeholder experiences, and enhancing ease of doing business. We are transforming into an organisation that is embracing new agile ways of working and we are making digital a way of life”

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Improved systems and processes and faster adoption of digital strategy have enabled Cairn Oil & Gas to win several national and international awards in the last few years.

Case Studies

Cairn pushes the

DIGITAL ENVELOPE FARTHER

Cairn Oil & Gas commenced project ‘Nirman’ in FY2019, which laid out the Company’s digital roadmap and strengthened its foundation. The year FY2021 saw ‘Project Pratham’ embrace the ‘digital first’ approach by accelerating the existing digital projects and unveiling innovative initiatives to add more barrels to the topline, optimise cost per barrel and improve Health, Safety and Environment (HSE) practices.

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STRATEGIC PRIORITIES

Focus areas integral to our decision-making

As part of our long-term roadmap, we have five strategic focus areas along which we determine our progress and deliver consistent stakeholder value. They are intricately linked to our material issues, opportunity landscape and risk management protocol, and hence form a key part of our integrated decision-making process. Progress and outlook across each of these focus areas have been summarised below.

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Continue focus on world-class ESG performance

We operate as a responsible business, focusing on achieving ‘zero harm, zero discharge and zero wastage’, and thus minimising our impact on the environment and society.

Augment our Reserves & Resources (R&R) base

We look at ways to expand our R&R base through targeted and disciplined exploration programmes.

Delivering on growth opportunities

We are focused on growing our operations organically by developing brownfield opportunities in our existing portfolio.

Optimise capital allocation and maintain a strong balance sheet

Our focus is on generating strong business cashflows and maintaining stringent capital discipline in investing in profitable high IRR projects.

Operational excellence

We strive for all-round operational excellence to achieve benchmark performance across our businesses by debottlenecking our assets to enhance production.

VALUE CREATION MODEL

Operating a responsible,
future-proof model

FINANCIAL CAPITAL

INPUTS

`372 crore

Equity

`57,028 crore

Gross debt

`77,414 crore

Net worth

`61,905 crore

Retained earnings

OUTPUTS AND OUTCOMES

`86,863 crore

Turnover

`27,341 crore

EBIDTA

`34,500 crore

Total contribution to the exchequer

`12,151 crore

Attributable PAT*

*before exceptional items

ACTIVITIES

We operate across the mining value chain focusing on long-term and low-cost assets in India and Africa

EXPLORE

We invest selectively in exploration and appraisal to extend mine and reservoir life

DEVELOP

We develop world-class assets, using the latest technology to optimise productivity

MANUFACTURED CAPITAL

INPUTS

`106,784 crore

Plant and Equipment

`13,880 crore

Capital Work in Progress (WIP)

OUTPUTS AND OUTCOMES

Production across various businesses

Zinc India:

1.0 mtpa

Mined metal

Zinc International:

58 kt kt

BMM

Oil & Gas:

162 kboepd

Aluminium:

1.8 mtpa

Alumina

ACTIVITIES

We operate across the mining value chain focusing on long-term and low-cost assets in India and Africa

EXPLORE

We invest selectively in exploration and appraisal to extend mine and reservoir life

DEVELOP

We develop world-class assets, using the latest technology to optimise productivity

Human & Intellectual Capital

INPUTS

70,089

No. of Employees incl contractors

1,481

HSE employees incl contractors

186

No. of Geologists including contractors

8,33,941

No. of hours of Safety training

OUTPUTS AND OUTCOMES

Production across various businesses

6.49 %

Attrition rate

0.55

Lost Time Injury Frequency Rate (LTIFR)

11.23 %

Diversity ratio

ACTIVITIES

We operate across the mining value chain focusing on long-term and low-cost assets in India and Africa

EXPLORE

We invest selectively in exploration and appraisal to extend mine and reservoir life

DEVELOP

We develop world-class assets, using the latest technology to optimise productivity

SOCIAL & RELATIONSHIP CAPITAL

INPUTS

`322.7 crore

Community investment

CRISIL & India Ratings

Rated by two domestic rating agencies

25

Strong network of global and domestic relationship banks

4

Independent Directors

OUTPUTS AND OUTCOMES

42 mm

CSR programme beneficiaries

1,800

Operational Nand Ghars

2,300 +

Nand Ghars built

2,193

Youth benefited from employment based skills training

ACTIVITIES

We operate across the mining value chain focusing on long-term and low-cost assets in India and Africa

EXPLORE

We invest selectively in exploration and appraisal to extend mine and reservoir life

DEVELOP

We develop world-class assets, using the latest technology to optimise productivity

NATURAL
CAPITAL

INPUTS

525 mn GJ

Energy consumed

270 mn m3

Water consumed

474 mn tonnes

Coal used

OUTPUTS AND OUTCOMES

30.7 %

Water recycled

110 %

Operational Nand Ghars

2.03 mn m3

Water savings

94 %

High Volume Low Toxicity (HVLT) effect waste recycled

ACTIVITIES

We operate across the mining value chain focusing on long-term and low-cost assets in India and Africa

EXPLORE

We invest selectively in exploration and appraisal to extend mine and reservoir life

DEVELOP

We develop world-class assets, using the latest technology to optimise productivity

INVESTMENT CASE

Built to deliver
sustainable value

DEMAND 2020-2030 CAGR (%)

VEDANTA’S COMPETITIVE ADVANTAGE IN INDIA

Source : Wood Mackenzie, IMF, IHS Markit, BMI, BP Energy outlook 2020
Note : All commodities demand correspond to primary demand; figures are for 2021

KEY PERFORMANCE INDICATORS

Delivering on all fronts

Revenue (`cr.)

FY202186,863
FY202083,545
FY201990,901

EBITDA (`cr.)

FY202127,341
FY202021,061
FY201924,012

FCF post-capex (`cr.)

FY202113,821
FY20207,130
FY201911,553

Return on capital employed (ROCE) (%)

FY202119
FY202011
FY201913

Adjusted EBITDA margin (%)

FY202136
FY202029
FY201930

Net Debt /EBITDA (Consolidated)

FY20210.9
FY20201.0
FY20191.1

Interest Cover

FY202111.0
FY20205.6
FY20197.8

Debtors turnover ratio*

FY202133.9
FY202030.5
FY201933.6

Inventory turnover ratio

FY20215.6
FY20205.1
FY20195.3

Current ratio

FY20211.0
FY20200.9
FY20190.8

Debt equity ratio

FY20210.7
FY20200.8
FY20190.9

Operating profit margin (%)

FY202123
FY202014
FY201917

Net profit margin (%)

FY202118
FY20207
FY201910

Return on net worth (%)

FY202121
FY20208
FY201912

Growth capex (`cr.)

FY20212,578
FY20206,385
FY20197,764

EPS (before exceptional items and DDT) (` per share)

FY202132.80
FY202010.79
FY201918.50

Dividend (` per share)

FY20219.50
FY20203.90
FY201918.85

Zinc India (million mt)

FY2021448
FY2020403
FY2019403

Zinc International (million mt)

FY2021566
FY2020509
FY2019434

Oil & Gas (mmboe)

FY20211,229
FY20201,194
FY20191,195

LTIFR

FY20210.55
FY20200.67
FY20190.46

Gender diversity ( % )

FY202111.23
FY202010.9
FY201910.5

CSR footprint (million beneficiaries)

FY202142
FY20203.26
FY20193

ASSET OVERVIEW

Vedanta is India’s largest natural resources conglomerate with leading
positions in seven key business segments.

Zinc India
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ZINC
~80%

Market share in India’s primary zinc market (Hindustan Zinc Limited)


Business:

Zinc India (HZL)
Zinc International

OIL & GAS
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OIL & GAS

Operates

~25%

of India’s crude oil production


Business:

Cairn India

ALUMINIUM
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ALUMINIUM

Largest primary aluminium producer in India


Business:

Aluminium smelters at Jharsuguda & Korba (BALCO) Alumina refinery at Lanjigarh

POWER
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POWER
~9 GW

Power portfolio


Business:

Power assets at Talwandi Sabo, Jharsuguda, Korba & Lanjigarh

IRON ORE
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IRON ORE

One of the largest merchant iron ore miners in India and one of the largest producers and exporters of merchant pig iron in India


Business:

Iron Ore India

STEEL
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STEEL
2.5 mtpa

Design capacity


Business:

Electrosteel India

COPPER
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COPPER

One of the largest copper producers in India


Business:

Copper India

SUSTAINABILITY AND ESG

Well-positioned to deliver sustainable solutions

At Vedanta, our sustainability approach is driven by the overarching desire to address the expectations of our stakeholders, while delivering strong business performance. As one of the world's leading diversified natural resource companies with business operations in multiple geographies spanning continents, we are mindful of our commitments to society, our people and the environment.

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AWARDS

Recognised for our
excellence

Health and safety

Name of Awards

Finest India Skills & Talent (FIST) Awards 2020 by Fire & Security Association of India

Category/ Recognition

‘Safe & Secure High Hazard Facility’

Recipient (Business Unit)

Cairn Oil & Gas- Suvali

Environmental and social

Name of Awards

2020 edition of Sustainability 4.0 Award

Category/ Recognition

Under the mega large business category, it was awarded The Leaders Award.

Recipient (Business Unit)

Cairn Oil & Gas

People

Name of Awards

Company with Great Managers 2020

Category/ Recognition

People Business in association with the Economic Times

Recipient (Business Unit)

HZL

Operational and business excellence

Name of Awards

Annual BS 1000 (By total revenue)

Category/ Recognition

Ranked 14 (3rd in the sector rankings of Metals, Mining & Minerals)

Recipient (Business Unit)

Vedanta Limited

Digitalisation

Name of Awards

Inflection Award for Procurement Automation Project, 2021

Category/ Recognition

Singapore Institute of Materials Management & Council of Supply Chain Management Professionals

Recipient (Business Unit)

Vedanta Ltd., Jharsuguda

REPORTING SUITE

Vedanta Limited Sustainability Report (SR)
2019-20

Download

Vedanta Limited Tax Transparency Report (TTR)
2019-20

Download

Vedanta Limited Integrated Report (IR) and Annual Accounts
2019-20

Download

Vedanta Limited TCFD Report
2020

Download

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Statutory
Reports

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Financial
Statements

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