Highlights FY2021

FINANCIAL CAPITAL

We are focused on optimising capital allocation and maintaining a robust balance sheet while generating strong free cash flows. We also review all investments, taking into account the Group’s financial resources with a view to maximising returns to shareholders.

Key FY2022 outcomes

`1,31,192 crore

Revenues
▲ 51%

`45,319 crore

EBITDA
▲ 66%

39%

EBITDA margin1

~30%

ROCE

`21,715 crore

Free cash flow (FCF) post-capex

`53,109 crore

Gross debt

`32,130 crore

Cash and cash equivalents

~`54,165 crore

Contribution to the national exchequer

`24,299 crore

Profit attributable to equity holders (before exceptional and one time gain)
▲ 95%

`20,979 crore

Net debt

0.5x

Net debt/EBITDA
▼ lowest in 5 years

AA

Credit ratings with stable outlook, CRISIL and India Ratings (revised from AA-)

1. Excluding customs smelting at Copper India

MANUFACTURED CAPITAL

We invest in best-in-class equipment and machinery, both at our current operations and in our expansion projects to ensure we operate as efficiently and safely as possible. This also supports our strong and sustainable cash flow generation.

Key FY2022 outcomes

Highest ever production in zinc and aluminium

Zinc India

16.3 million tonnes

Record ore production
▲ 6% y-o-y

1,017 kt

Highest ever annual mined metal production
▲ 5% y-o-y

967 kt

Highest ever annual refined zinc-lead production
▲ 4% y-o-y

Zinc International

170 kt

Record mined metal production at Gamsberg
▲ 18% y-o-y
BMM Magnetite project progressing well. First production on track for Q2 FY2023

Aluminium

2,268 kt

Record annual aluminium production

Continue to be the largest primary aluminium producer in the country

1,968 kt

Record annual alumina production from Lanjigarh refinery
▲ 7% y-o-y

US$1,858 per tonne

Hot metal cost of production
▲ 38% y-o-y

Power

2.03 million tonnes

Highest ever import substitute allocation at TSPL from CIL amongst all IPPs across India

TSPL is the first Vedanta site to become SUP (Single Use Plastic) free

Uninterrupted Unit#3 Operation at TSPL for 160 days after capital overhauling

Oil & Gas

161 kboepd

Average gross operated production

Key growth projects update

  • Infill drilling commenced to sustain volumes in Mangala, Tight Oil (ABH), Tight Gas (RDG), Satellite Field (NI) and Offshore (Cambay)
  • 38 wells drilled and 52 wells hooked up during FY2022
  • OALP & DSF - Drilling ongoing across basins. Hydrocarbon discovery notified for Durga -1 in Rajasthan and Jaya-1 in Cambay during the year. Till date three hydrocarbon discoveries have been notified under the OALP portfolio.

Iron Ore

5.7 million tonnes

Highest ever sales at Karnataka
▲ 30% y-o-y

790 kt

Record annual production at Value Added Business (VAB)
▲ 33% YoY

US$111 per tonne

EBITDA margin at VAB

Goa operations remained suspended during the year due to state-wide directive from the Hon’ble Supreme Court, continuous engagement with the stakeholders for a resumption of mining operations

Steel

1.4 million tonnes

Record annual hot metal production

(post acquisition)

▲ 5% y-o-y

1.3 million tonnes

Record annual saleable production

(post acquisition)

▲ 6% y-o-y

FACOR

250 kt

Highest ever chrome ore production

(since acquisition)

▲ 70% y-o-y

75 kt

Record ferro chrome production

(post acquisition)

▲ 10% y-o-y

77 kt

Ferro Chrome sales
▲ 8% y-o-y

Copper India

  • Due legal process being followed to achieve a sustainable restart of the operations
  • Phase 1 technological innovation through Multi Effect Evaporator Plant for better nickel recovery.

HUMAN CAPITAL

We have employees from across the world, and their diverse skills and experience enrich our organisation. The mining and plant operations require specialised skills for which we employ qualified technical, engineering and geology experts. In addition, we create a culture which nurtures safety, innovation, creativity and diversity, which helps us meet our business goals while also enabling our employees to grow personally and professionally.

11.54%

Women employees

3,743

Employees covered under mentoring and support programs

10.66%

Attrition rate

1.4

TRIFR

SOCIAL AND RELATIONSHIP CAPITAL

We aim to forge strong partnerships by engaging with our key stakeholders, including shareholders and lenders, suppliers and contractors, employees, governments, communities and civil societies. These relationships help maintain and strengthen our licence to operate.

3,200+

Nand Ghars built

4.64 million

CSR beneficiaries*

1,268

Total villages reached
Human Rights self-assessment conducted across all BUs

* Including only direct beneficiaries