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Vedanta Ltd.

BSE: 500295 | NSE: VEDL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE205A01025 | SECTOR: Mining & Minerals

BSE Live

Jun 16, 16:00
264.30 -6.70 (-2.47%)
Volume
AVERAGE VOLUME
5-Day
496,769
10-Day
605,803
30-Day
864,040
1,054,264
  • Prev. Close

    271.00

  • Open Price

    268.30

  • Bid Price (Qty.)

    264.30 (45)

  • Offer Price (Qty.)

    264.00 (199)

NSE Live

Jun 16, 16:01
264.35 -6.60 (-2.44%)
Volume
AVERAGE VOLUME
5-Day
8,509,403
10-Day
10,101,253
30-Day
17,774,486
13,188,440
  • Prev. Close

    270.95

  • Open Price

    269.75

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    264.35 (16288)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Chairman's Speech

Dear Shareholders, Our total capital expenditure reduced significantly and our operations generated record free cash fow of Rs, 11,572 Crore after growth capex. During the period, we evaluated our operating cost structures that resulted in significant efficiency improvements; and we delivered US$ 250 mn this year against our stated target of delivering US$ 1.3 bn cost savings over four years. Vedanta is consistently one of the largest contributors to the exchequer to the tune of Rs, 20,600 Crore in FY 2015-16. During the year, we invested Rs, 160 Crore in our extensive CSR programmes across our global business locations, partnering with over 200 NGOs, local governments, hospitals and academic institutions on socio-economic development projects that benefited around 1.75 mn people. At Vedanta, we believe in supporting developmental goals of local communities and governments. Our Nandghar project is an extension of this belief, which will enable women and children to have a facility for education and entrepreneurship opportunities at their doorsteps. We will construct 4,000 modern Anganwadis (state-of-the-art facilities) over three years. These facilities will be built with innovative technology, solar panels, toilets, and will provide safe drinking water, e-learning and healthcare. In the first phase, 25 lakh community members will benefit from this project. I am confident that we are creating need-based programmes for community wellbeing, thus contributing to Vedanta''s efforts towards nation- building. The health and safety of our employees continues to be at the top of our agenda. However, despite our best efforts to achieve a zero-harm culture, we had nine fatalities during the year. It is an imperative that we bring considerable improvement in our safety record. Our teams are working towards ushering in global best practices to ensure a safe working environment. Business performance FY 2015-16 was a year in which we achieved record production of aluminum, power, copper cathodes and zinc at Zinc India. We began the ramp-up of our capacities at aluminum and iron ore, and operationalised our entire power portfolio of 9,000 MW. The ramp-up of capacities at our Aluminium, Iron Ore and Power businesses should deliver us over 60% volume growth in copper equivalent terms, and will drive strong free cash fows and maximize shareholder returns. One of the highlights of the year was breaking ground at the Gamsberg project in South Africa, marking the commencement of activities at one of the world''s largest undeveloped zinc deposits. This year, we resumed production at our iron ore operations in Goa, and we are positioned in the first quartile of the global cost curve. In addition, we gained approval to use power generated from three units of the Jharsuguda power plant for captive use, and received environmental clearance to expand Lanjigarh alumina refinery''s capacity. The removal of export duties on lower grades of iron ore and the increase in aluminum import duty will boost competitiveness and growth. I am proud of the significant progress that we have made in improving our operational efficiency and optimizing costs. This is part of a continuous journey and we will take further steps over the coming year, leveraging the adoption of new technologies and encouraging a culture of innovation among our people. During the year, we announced a new project in the Make in India initiative of the Government of India, to create a 240-acre aluminum park next to our Jharsuguda smelter. This will serve as a market for downstream products and generate more than 17,000 jobs. We are committed to India''s focus on alleviating climate change. We have signed the Paris Pledge for action and are updating our carbon strategy, seeking innovative ways to reduce carbon emissions at our power plants. Our dedication to environmental sustainability was recognized twice this year; CII''s Sustainable Plus the world''s first and only corporate sustainable label awarded us the Sustainability Plus Platinum Label (BBB rating), and we were listed on the Indian Climate Disclosure Leadership Index in recognition of our disclosure of information on climate change. Way forward At Vedanta, we look forward to FY 2016-17 as a very exciting year ahead. We remain committed to delivering value for our shareholders, employees, communities and other stakeholders through our diversified portfolio of large, long- life and low-cost assets. In line with our stated strategy of simplifying our corporate structure, we aim to complete the merger of Vedanta Limited and Cairn India. I express my gratitude for the sound guidance and contribution of my fellow Directors. I commend my teams as everyone at Vedanta has contributed to the Company''s growth and their commitment, dedication and sheer hard work is indeed an inspiration. As we continue to navigate our journey of improvement, let us together amplify our rich heritage, continue building a united approach, celebrate our diverse roots and be the leader to create value for all our stakeholders. Sincerely, Navin Agarwal Chairman