Vedanta Limited

Vision: Be the world’s largest and most admired Zinc-Lead & Silver Company

Summary of Activities: Zinc India • Record underground mined metal production at 936kt, up 29% y-o-y. Total mined metal production marginally down 1% y-o-y, post closure of open-cast operations. • Record lead metal production at 198kt, up 18% y-o-y. • Record refined silver production at 679 tonnes, up 22% y-o-y. Zinc International • Commercial production commenced at Gamsberg in March 2019. Oil & Gas • Average gross production of 189kboepd for FY2019, up 2% y-o-y. • 11 development drilling rigs as on March 2019, 99 wells drilled and 33 wells hooked up during FY2019 in Rajasthan. • Production sharing contracts (PSC) of Rajasthan and Ravva block extended for 10 years, subject to conditions. • Revenue sharing contract signed for 41 OALP blocks. Aluminium • Record aluminium production at 1,959kt, up 17% y-o-y • Record alumina production from Lanjigarh refinery at 1,501kt, up 24% y-o-y. • Q4 FY2019 hot metal cost of production significantly lower at US$1,776 per tonne, lower by 12% q-o-q. Power • Record PAF of 88% at the 1,980MW TSPL plant in FY2019. Iron Ore • Goa operations remain suspended due to state-wide directive from the Hon’ble Supreme Court; engagement continues with the Government for a resumption of mining operations. • Production of saleable ore at Karnataka at 4.1 million tonnes, up 89% y-o-y. Steel • Record annual steel production at 1.2 million tonnes for FY2019, up 17% y-o-y. • Achieved hot metal production run-rate of c.1.5mtpa in FY2019. Copper India • Due legal process being followed to achieve a sustainable restart of the operations.