The financial year 2018 was a landmark year marked by record operational and financial performance. The Company delivered highest ever ore, mined metal, refined zinc-lead and silver production driven by its relentless pursuit of efficiency and productivity.
Further, the buoyancy in zinc market enabled an all-time high EBITDA and Net Profit for the year. We continue to maintain our position as one of the lowest cost producers globally, even though the recovery in commodity prices led to higher operating costs and offset the leverage of higher volume and cost optimisation initiatives. The Board declared dividends of 400% amounting to Rs, 4,068 Crore including dividend distribution tax during the year.
Rampura Agucha open pit mine, which was commissioned on March 25 1991, delivered its final ore on March 25 2018. For me, it was not just another mine but a manifestation of excellence. Over a period of 27 years, it produced around 79 million MT of ore becoming the world''s largest zinc mine. It was an incredible journey of passion and performance.
The world economy has recovered from a period of tepid growth and is in cyclical upswing with revival in world trade and recovery in commodity prices. The recovery is broad-based across developed and emerging economies and the overall market sentiments are positive. In India, growth during the year was impacted by temporary disruptions from GST roll-out and the fallout from demonetization, but it is heartwarming to see a strong pick up in investment activity in the second half of the year. We are enthused by the ongoing restructuring and consolidation in domestic steel industry. With zinc metal in short supply due to systematic underinvestment over the last several years, the outlook for zinc price remains buoyant.
To prepare the Company for higher performance, we conducted an organization restructuring during the year leading to formation of Independent Business Units with the objective of cascading empowerment to drive ownership at the level of action.
I am proud to mention that about 27% of enabling roles in our Company are performed by women, who now form 12% of our employee base and we intend to improve it further.
Our sustainability strategy sets out our resolve to protect and preserve our social license to operate - a license that has remained unbroken for the last 5 decades. The health and safety of our people is our top priority and our goal is ‘zero harm''. Despite our best efforts, we had two fatalities at our project sites which is unacceptable.
We are committed to eliminate all unsafe acts and behaviors in our operations and project sites. In the last 5 years, injury rate has declined by 69% and reporting of incidents has increased manifold, yet we have a long way to go in our safety transformation journey.
I am delighted that Hindustan Zinc was ranked 11th overall globally and 3rd in Environment dimension in Dow Jones Sustainability Index in Mining and Metal industry. We are the only Indian mining company and one of the nine Indian companies that have been included in Robeco SAM Sustainability Yearbook 2018.
During the year, we almost doubled our CSR spending to Rs, 92 Crore, touching the lives of half a million people and positively impacting more than 100,000 households. Our first and foremost commitment is towards our communities, for whom we have prioritised our programs and involved strong and credible local partners to maximize impact. Over a third of our CSR budget is spent on education where we have programmes for all age groups - from creating new age Anganwadis (‘Nandghars''), running schools, support for differently abled children to coaching high school students and financially supporting meritorious and needy students for higher education. We also set up a residential Football Academy last year along with 58 community academies including 4 centers exclusively for girls across our 5 districts.
India is poised for stupendous growth on the back of a young population, globalization, digitization and reforms, which will fuel higher demand for commodities for developing infrastructure and supporting higher consumption. In this context, we are proud to be associated with ‘Make in India'' initiative with our plans for higher metal production in future. During the year, we contributed Rs, 9,301 Crore to the Government treasury through royalties, taxes and dividends, which is 42% of our revenues.
The journey towards 1.2 million MT production that started in 2013 is now in its final stages and expected to be achieved in FY 2020. Our strategic vision is to grow our output to 1.5 million MT per annum and our silver portfolio to 1,500 MT. I am pleased to note that the Board has approved the first phase of this vision to grow our mining capacity to 1.35 mtpa and matching smelting capacity over the next three years. With one of the most successful global transitions from primarily an open-cast to a fully underground mining company, I believe the Company''s growth trajectory will transform in the years ahead.