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Home > Performance Review > Value-Creation Model

Value-Creation ModelApproach to long-term value creation

OUR VALUE CHAIN ACTIVITIES

Exploration

Asset development

Extraction

Processing

Value addition and marketing

OUR CORE VALUES

Trust

Entrepreneurship

Innovation

Excellence

Integrity

Care

Respect

Inputs

Resources and relationships deployed

Financial Capital

  • Equity: ₹ 391 crore
  • Gross debt: ₹ 73,853 crore
  • Net worth: ₹ 53,753 crore
  • Cash and cash equivalent: ₹ 20,603 crore
  • Growth capex: ₹ 13,134 crore

Manufactured Capital

  • Well-maintained and functional plant and equipment: ₹ 97,834 crore
  • Capital work-in-progress: ₹ 30,939 crore
  • Reliable availability of services from service providers and contractors

Intellectual Capital

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

Human Capital

  • Total workforce: 1,17,288
  • HSE workforce (including contractors): 970
  • No. of geologists: 218
  • Training: 27,02,415 hours
  • Safety training: 21,70,518 hours
  • Employees covered under mentoring and support programmes: 2,650

Social And Relationship Capital

  • Community investment: ₹ 429 crore
  • Strong global and domestic banking relationship: 30+
  • Independent Directors: 50%
  • Constructive dialogues with unionised and non‑unionised workforce
  • Established credibility with local communities, civil society organisations, NGOs and the media

Natural Capital

  • Energy Consumption (Non-Renewable): 66.3 million GJ
  • Energy Consumption (Renewables): 1,00,78,113 GJ
  • Water Recycled: 86 million m3
  • Coal Consumption: 40.6 million tonnes
  • HVLT waste generated: 21.3 million tonnes
  • Fly ash generated: 16.2 million tonnes
  • R&R Zinc India: 453.2 million tonnes
  • R&R Zinc International: 670 million tonnes
  • R&R Oil & Gas: 1,430 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 interest 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-Lead-Silver

Power

Iron Ore

Copper

Aluminium

Electronics

Steel & Ferro Alloys

Renewables

Oil and Gas

Nickel

Technology

Transmission

INDUSTRIES SERVICED

Infrastructure

Hydrocarbon refineries

Power

Transport

Automotive

Fertiliser

Aerospace

Appliances

Building and Construction

Steel

Packaging

Wires and Cables

Utilising the six capitals

BUSINESS SEGMENTS AND OUTPUTS
Zinc India

Mined Metal 1,095 kt Integrated Metal 1,052 kt

Oil & Gas

103.2 kboepd

Power

12.82 billion units

Aluminium

Alumina 1.98 million tonnes

Aluminium 2.42 million tonnes

Iron Ore

6.2 million tonnes

Zinc International

178 kt

Steel

1,337 kt

Copper

149 kt

OUTCOMES DELIVERED IN FY 2024-25
FINANCIAL CAPITAL

Outcomes

  • Revenue from Operations: ₹ 1,50,725 crore
  • EBIDTA: ₹ 43,541 crore
  • PAT (After Exceptional): ₹ 20,535 crore
  • Earnings per share (Basic): ₹ 38.97
  • Dividend: ₹ 16,798 crore
  • FCF post-capex: ₹ 14,850 crore
  • RoCE: 27%
  • Net Debt to EBITDA: 1.2x
  • Total exchequer contribution: ₹ 55,349 crore

Actions to enhance outcomes

  • 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
  • Raising capital through OFS and QIP
  • Refinanced bonds at VRL

Stakeholder affected

SDGs positively impacted

MANUFACTURED CAPITAL

Outcomes

  • Implementation of capex projects on schedule
  • Ensuring optimal performance of assets
  • Launched Asia’s first low carbon ‘green’ zinc, EcoZen at HZL

Actions to enhance outcomes

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

Stakeholder affected

SDGs positively impacted

INTELLECTUAL CAPITAL

Outcomes

  • R&D Spend: ₹ 21 crore
  • Patents received in FY 2023-24: 5
  • Patents under active application: 47
  • Investment in digitalisation: ₹ 56.8 crore

Actions to enhance outcomes

  • Sustained investments in innovation and phase 2 implementation of organisation-wide digital transformation project to maintain the competitive edge
  • Partnership with Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), for developing next-gen zinc-based batteries

Stakeholder affected

SDGs positively impacted

HUMAN CAPITAL

Outcomes

  • Attrition rate: 11.8%
  • Diversity ratio: 22%
  • Total recordable injury frequency rate (TRIFR): 1.32
  • Fatalities: 7
  • Successful inclusion of 43 LGBTQ+ colleagues with supportive policies

Actions to enhance outcomes

  • 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

Stakeholder affected

SDGs positively impacted

SOCIAL AND RELATIONSHIP CAPITAL

Outcomes

  • CSR beneficiaries: 6.8 million
  • Nand Ghars built till FY 2024-25: 8,045
  • Dividend: ₹ 43.5 per share
  • Contribution to the exchequer: ₹ 55,349 crore
  • Youth benefited from employment-based skills training: 6,878

Actions to enhance outcomes

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

Stakeholder affected

SDGs positively impacted

NATURAL CAPITAL

Outcomes

  • GHG Emissions:
  • Scope 1 – 63.3 million tCO2e
  • Scope 2 – 3.6 million tCO2e
  • Water recycled: 86 million m3(35%)
  • HVLT utilised/utilisation: 20.5 million tonnes / 96%
  • Fly ash utilised/utilisation rate: 16.2 million tonnes / 114%

Actions to enhance outcomes

  • R&D to convert operational by-products into raw materials for application in other industries and internal consumption
  • Partnerships for circular economy solutions
  • Initiated renewable energy utilisation at Zinc India and Aluminium Business

Stakeholder affected

SDGs positively impacted

Shareholders

Investors

Lenders

Employees

Suppliers

Customers

Government

Local Community

Environment

NGOs

Civil Society Groups

Key Performance Indicators

Opportunities