Smart Mining for a Sustainable Future


First Integrated Annual Report 2019-20


Hindustan Zinc
at a Glance

Upholding a
Rich Legacy

Incorporated in 1966, we have over five decades of rich experience in zinc-lead mining and smelting. We are the world’s sixth largest silver producer. With a reserve base of 114.7 mn MT and mineral resources of 288 mn MT, we have a mine life of over 25 years. Moreover, we are the only integrated producer of zinc, lead and silver in India.

2nd Largest

Zinc-lead miner globally#&

4th Largest

Zinc-lead smelter globally#&

6th Largest

Silver producer globally*


Market share in India’s primary zinc industry

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Introducing the Capitals

Our Resources and Relationships

  • Financial Capital
  • Manufactured Capital
  • Intellectual Capital
  • Human Capital
  • Social & Relationship Capital
  • Natural Capital

Financial Capital

Financial Capital

Our key financial resources primarily include equity and internal accruals. We have adopted a prudent approach in allocating capital across our business. It is our constant endeavour to strengthen our balance sheet, improve profitability and cash-flow by margin expansion and enhance efficiencies across our operations.

`6,621 CR

Operating cash flow




Debt to equity


EBITDA margin

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Manufactured Capital

Manufactured Capital

We have adopted a holistic approach towards investing in our manufacturing assets. Our objective is to raise our production capabilities by deploying best-in-class technology, meeting high safety standards and minimising the impact on the environment we operate in. Through integrated operations, low cost of production...


Mined metal capacity (mn MT per annum)#


Zinc-lead smelting capacity (mn MT per annum)#


Silver refining capacity (MT)#


Captive power Generation Capacity#

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Intellectual Capital

Intellectual Capital

As India’s largest and the world’s second-largest zinc-lead miner, we are fully equipped to remain future-ready, and technology is our biggest enabler in this journey. We are embracing best-in-class technologies to drive innovation and efficiency in our operations. Over the preceding couple of years, we have also been digitalising operations across our ...


Rampura Agucha and Sindesar Khurd mines digitalised#


100% digital monitoring of operational data


3-click online buying of zinc, lead and silver


Logistics automation at all business units

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Human Capital

Human Capital

Our business runs on the passion and perseverance of our people. Our objective is to be recognised as a preferred employer in all our functions. We are committed to providing our people with an engaging work culture, continuous opportunities for skill development, ample scope for learning and increasing diversity across the organisation...


Total employees, including contractors#


Learning and development hours for executives*


Six-sigma projects undertaken by graduate engineering trainees inducted*


Diversity ratio for executives#

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Social & Relationship Capital

Social & Relationship Capital

The communities we work with are our principal stakeholders. We work in close coordination with our stakeholders - customers, people, communities, suppliers, shareholders, government, regulators, to create all-round, sustainable value for them. Our social intervention is driven by need-based assessment of community requirements...


CSR beneficiaries*


Local sourcing from Rajasthan-based partners (in value terms)*


Children benefitted under flagship programmes*

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Natural Capital

Natural Capital

We are cognisant of the depletable nature of our resources and are committed to conservation and prudent use. We are steadily reducing our environmental footprint through our innovative processes for water stewardship, captive usage of energy from renewable sources and adoption of new methods for waste recycling...


Water recycled*


Waste recycled*


Water positive#


Units of renewable power generated leading to a reduction of 5,80,995 MT of CO2

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Kiran Agarwal Chairman

Message from the Chairman

Sustainable Mining
for Tomorrow

"Over the last several years, we have transformed into a modern underground mining company with an emphasis on sustainable operations.

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Sunil Duggal CEO

CEO's Message

Creating Smarter
Value Sustainably

"We remain focused on strengthening our efficiency, technology and digitalisation initiatives to build on our industry leadership and deliver consistent returns to our shareholders.

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Leveraging Digital and Driving Innovation

Future is Smarter Operations


Connected Mines: Real-time, Remote, Safe

‘Drishti’ digitalises our mines to provide greater visibility and intelligence for making informed decisions. With its objective to increase the operational equipment effectiveness by 20% and ore-to-metal index by 2%, Drishti will lead us to achieve global mine productivity benchmarks.

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Digital Collaboration Centre

Connected Operations: Analyse, Predict, Optimise

Our Digital Collaboration Centre aims to unlock the potential of data analytics in decision-making, ushering the Company to the digital future. As a pioneer in India, the Centre collates and analyses the entire operating data from our mines, mills, smelters and power plants on a single platform, leading to increased decision-making, backed by predicted outcomes, driven by data analytics.

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North Star

Connected Workforce: Smart, Quick, Core

North Star is a data mining, visualisation and analytical tool redefining our decision-making process. With North Star, we are unlocking the potential of big data analytics using 10,000+ hours of mining as well as smelting operational performance parameters. Our business managers are getting empowered with the right tools to derive insightful...

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Connected Logistics: Robust, Dynamic

‘Sarathi’ digitalises and automates our logistics supply chain to achieve secure transportation and faster turnaround time. It provides real-time tracking of key inputs and intermediate materials, including concentrate, leading to better inventory planning and optimisation of working capital. During the year...

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Key Performance Indicators

Enhancing Resilience to Remain Future-ready

Revenue from Operations$

(` Crore) (including other operating income)

Revenue Mix



(` Crore)


(` Crore)

Earnings Per Share (EPS)


Dividend Per Share (DPS)


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We are constantly focusing on deepening our integration and driving excellence across the operational canvas.

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Total shareholder return since divestment in 2002


5-year average dividend payout


5-year CAGR in mined metal production at underground mines


5-year CAGR in silver production volume

Strategic Priorities

Seizing Future Opportunities

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Ensuring Responsible Utilisation of Natural Resources

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