Sustainable Environmental Outcomes
Focused on Social Empowerment
Focused on Governance and Ethics
Ensuring +VE Health & Safety Outcomes.
Staying Unwavering During Covid-19. How We Responded to the Crisis!
Even as we were all working together towards higher efficiencies and sustained growth, through our dedicated focus on our business goals, we did not lose sight of our corporate responsibility towards the community at large.
Our unwavering focus on 3S – Safety, Sustainability and Smart Mining, helped us deliver unprecedented outcomes in the form of record volumes and profitability during FY2021.
We have strategically expanded our integrated business operations in northwest India across the business segments of Mines (Zinc-Lead Mines); Smelters (Hydrometallurgical Zinc Smelters, Lead Smelters, Pyro Metallurgical Zinc-Lead Smelter); Captive Power Plants (CPP). We are one of India’s largest wind power producers with a generation capacity of 273.5 MW in five states across India.
Mines at Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad (all in Rajasthan)
Smelters in Chanderiya, Dariba and Debari in Rajasthan Zinc-Lead-Silver metal refineries at Pantnagar in Uttarakhand
Driven by innovation & technology
Captive thermal, solar and waste heat recycling power plants
(As on 31st March, 2021, Source: Wood Mackenzie for global mine/smelter rankings for zinc-lead mine and cost, World Silver Institute for silver producer rankings, S&P & RobecoSAM for DJSI ranking, CDP not-for profit global organization for A listing)
Earnings before interest, tax, depreciation and amortization (EBITDA) is a factor of volume, prices and cost of production. This measure is calculated by adjusting operating profit for special items and adding depreciation and amortization and dividing it by revenue from operations.
EBITDA margin increased from 48% in FY2020 to 52% in FY2021 primarily due to increase in revenue from operations on account of higher LME prices and lower costs.
This is a measure of the profitability of a company. It is calculated as a ratio of net profit (before exceptional items) to total income.
Net profit margin is lower on account of higher revenue offset with higher depreciation charge, finance cost and higher tax expense (as a result of the one-time reversal of deferred tax in FY2021).
This is calculated on the basis of operating profit net of tax expenses, as a ratio of capital employed. The objective is to earn a post-tax return consistently above the weighted average cost of capital.
Increase in ROCE is mainly on account of higher EBITDA and lower capital employed base due to payment of interim dividend in FY2021.
The debtors’ turnover ratio is an accounting measure used to quantify a company’s effectiveness in collecting its receivables. This is calculated as a ratio of revenue from operation to average trade receivables.
Reduction in debtor turnover ratio is on account of higher revenue in FY2021.
The inventory turnover ratio is an efficiency ratio that shows how effectively inventory is managed. This is calculated as a ratio of cost of goods sold to average inventory.
Inventory turnover ratio was marginally higher on account of lower inventory levels.
The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. This is calculated as a ratio of current assets to current liabilities.
Current ratio is lower due to higher borrowings due in next 12 months.
The ratio is a representation of the ability of the Company to service its debt. It is computed as a ratio of EBITDA divided by finance costs.
The interest coverage is lower on account of higher finance cost owing to increase in average borrowings of NCDs and term loan.
It is a measure of the profitability of the Company. This is calculated as a ratio of net profit (before exceptional items) to net worth (share capital + reserves).
The return on new worth is higher on account of higher net profit.
Mrs. Kiran Agarwal was appointed on the Board with effect from 2nd March, 2019. She has studied Journalism from the London School of Journalism. She is an avid reader, prolific writer, and a woman of many facets. Her love for reading inspired her to write a series of books catering to the Indian ethos.
She has been actively involved with her family business and shares her acumen on various business developments in the family. She also played a vital role in setting up Nand Ghar, an institution for the underprivileged where children get their wings to fly high, under the right guidance and value-based education. She is also a Trustee of the Vedanta Foundation. She likes to cater to various aspects of social interest in a subtle manner.
Mr. Akhilesh Joshi was appointed on the Board with effect from 1st August, 2020. He did his Bachelor’s in Mining Engineering and possesses a First Class Mining Manager Certificate of Competency under MMR - 1961 (UN restricted), Diploma from Paris School of Mines in Economic Evaluation of Mining Projects.
He has more than 44 years of professional mining experience. He has an exemplary track record of nurturing one of the world’s largest integrated zinc, lead and silver producing organization. He is also the recipient of National Mineral Award 2006 from GoI. He is also on the Board of Rajasthan State Mines & Minerals Ltd., Ferro Alloys Corporation Limited and Facor Power Limited.
Mr. Anjani Kumar Agrawal was appointed on the Board with effect from 1st August, 2020. He is a qualified CA, CIA & INSEAD alumni. He has more than 40 years of professional experience in the leading Global Consulting firm. His areas of expertise and interest include Corporate Governance, Strategic Risk Management, Sustainability Strategy, GRC Transformation, Sustainable Development Goals, Sustainability Reporting, Policy Frameworks etc. He has also worked with the Union Government and NITI Aayog on several policy matters. He is also on the Board of Aditya Birla Sun Life Trustee Private Limited, Uttam Galva Metallics Limited and Uttam Value Steels Limited.
Ms. Farida M Naik was appointed on the Board with effect from 14th March, 2017. She is an alumnus of Sophia College Mumbai from where she graduated in Psychology. She is currently Director in the Ministry of Mines, Government of India, and has held various positions in different ministries and departments of the Central Government which includes her last stint as Joint Director of National Book Trust.
Ms. Yatinder Prasad was appointed on the Board with effect from 7th August, 2020. She is an IA&AS officer of 1993 batch, and currently holds the position of Joint Secretary and Financial Advisor for Ministry of Tribal, along with Ministry of Coal and Ministry of Mines. During the 2014-19 period, she was DG-Controller & Auditor General of India. She has done L.L.B., L.L.M., C.I.A., P.G.D.B.A. She is also on the Board of National Scheduled Tribes Finance & Development Corporation, Tribal Cooperative Marketing Development Federation of India Ltd., Bharat Aluminium Co. Ltd. and Coal India Limited.
Mr. Arun Misra was appointed as CEO & Whole-Time Director on 1st August, 2020. He did his Bachelor’s in Electrical Engineering, from IIT, Kharagpur; Diploma in Mining and Beneficiation from University of New South Wales Sydney; and Diploma in General Management from CEDEP, France.
He possesses knowledge of TQM, Six Sigma, TPM and Malcolm Baldridge model. He has more than 32 years rich and diverse experience in heavy metal industries. He has been instrumental in successfully leading crucial projects, plant and mining operations, safety and project management. He is passionate about digitalization of the underground mining. He has published several papers in the journals of national repute. He is also on the Board of Ferro Alloys Corporation Limited and Federation of India Mineral Industries.
Mr. Navin Agarwal was appointed on the Board on 11th April, 2002. He is also the Executive Vice Chairman of Vedanta Ltd. and Executive Vice Chairman of Vedanta Resources Ltd. UK. He has been with the Vedanta Group since its founding and has extensive experience in the natural resources industries.
He plays a key role in the strategic and governance framework of the Vedanta Group and provides leadership for its long-term planning, business development and capital planning. He has been instrumental in the growth of the Group through global organic projects as well as acquisitions. He is passionate about developing leadership talent for the Group by identifying and nurturing future young leaders.
Chairman
Director
CEO & Whole-time Director
Chief Executive Officer
Arun has 33 years of experience in the mining and metal industry as well as in the strategic areas of Quality Management and Breakthrough Leadership.
Senior Vice President & Head Finance
Vinaya has 25 years of experience in multinational and domestic companies across US, Europe, Africa and India and has led the Finance function in several companies.
Interim Chief Human Resources Officer
Deepshikha has 15 years of experience in organization development & change, capability building, employee engagement and business-focused HR transformations. She has worked with Aluminium, Power and Zinc businesses.
Chief Commercial Officer
Sunipa has 18 years of experience across Zinc and Aluminium sectors where she was responsible for commercial, marketing, smelter operation and growth projects.
Chief Operating Officer – Mines
Praveen is a mining professional with 28 years of experience in mechanised underground mining in Lead-Zinc, Silver and Copper sectors across India, Zambia and Australia.
Deputy Chief Operating Officer – Smelters
Chandru has 18 years of experience at Hindustan Zinc across verticals like Operations, Commercial and Silver business.
Head – Legal
Ankit has 11 years of experience, having served the last five years at the helm of the Legal function at Sesa Goa Iron Ore, ESL Steel, and Ports. Prior to these appointments, he was engaged with Thomson Reuters and Deloitte.
Deputy Chief Finance Officer
Sandeep has over 16 years of experience across business areas of reporting, treasury, credit rating, taxation, business planning & forecasting, internal audit & assurance, and risk management, among others, including over ten years in leadership roles.
Chief Executive Officer - Silver
Ruchika has 16 years of leadership experience in marketing and commercial functions in Metals & Mining and Oil & Gas sectors. She has spearheaded the strategic roles of marketing, sourcing, business development and supply chain management
Ramkumar has 24 years of experience in multinational corporations where he was responsible for managing finance teams in high growth business environments, driving growth in mature markets, driving business turnaround, long-term strategy development, financial risk management, governance and digital transformation.
Director – Exploration
Kuldeep is a geologist having 29 years of mineral industry experience in exploration, surface/ underground mining operation and mineral resource estimation of gold and base metals.
Head – B.E., Quality, AO & Digitalization
Manoj has 26 years of global experience in diverse areas such as general management, O&M, process control, AO & digitalization. He has worked in India, Australia and Zambia on metals like copper, lead, zinc and silver, particularly in smelters, mineral processing and underground mines
Interim Chief HSE Officer
Pradeep has more than 20 years of experience across Non-Ferrous Metal, Cement and Consultancy sectors in environment and sustainability functions.
Head – Corporate Services
Jayaraman has 23 years of experience in the field of power generation as well as expertise in sustainability and stakeholder connect.
Head – CSR
Anupam has 21 years of experience in the CSR and sustainability spheres. She has served large Indian conglomerates and multinational corporations in leadership roles.
HZL Investor Rationale
External Environment
Creating & Delivering Value
Business Model
Engaging with Stakeholders
Managing Material Issues
Strategic Priorities
Managing Capital Trade-offs
First position in Asia-Pacific region, and 7th globally, in Metal & Mining sector on Dow Jones Sustainability Indices
Included in ‘A’ rated companies for Climate Change CDP (Carbon Disclosure Project)
“CII National Award for Excellence in Water Management 2020” for SK Mine in ‘Within the Fence’ category
Great Managers Award – The Economic Times – Company with Great Managers category
Featured in The Sustainability Yearbook 2021
Selected as Member of FTSE4Good Emerging Index