Financial capital is defined by financial resources such as cash, credit lines etc. We deploy this capital optimally in our business and make the right investments to provide the Company a higher internal rate of return (IRR). Equity and internal accruals are our key financial resources and by adopting a judicious approach to capital allocation across our business, we strive to minimise financial risks and create value for our shareholders.
The major physical infrastructure available to us includes our mines and manufacturing assets like smelters, refinery, and power plants, which enable us to create and deliver value. Our integrated operations are a key differentiator that not only empower us to generate strong and sustainable cash flows, but also provide protection against any downturn over the medium to long term.
To stay ahead, our manufacturing assets are continually upgraded to maintain high quality and ensure low cost of production.
Key contributors to our manufactured capital strength include 25+ years of mine life, robust reserve and resource base, high safety standards, environment-friendly sustainable operations, and use of best-in-class technology.
#As on March 31, 2022
Our intellectual capital includes the knowhow available to us for running successful mining operations, particularly underground mining. Over the years, we have developed a sustainability advantage, which differentiates us from the competition. We have increasingly invested in the world’s best available technology and trained our people for ever evolving world-class mining practices, all of which together constitutes our innovation prowess. We have maintained our reputation of being a fast-growing, future-ready mining company that leads from the front and has digitalised mine operations. We leverage the best-in-class technologies, backed by automation and analytics, to create an enabling environment for our business growth. This focussed approach to improve capabilities such as research and development and collaborations, has resulted in the creation of vast intellectual property over the years.
*Recognised at The Economic Times DataCon Awards 2022 & Data World Summit and Awards
People are the drivers of our progressive strategy as we continually work towards creating a congenial environment for nurturing their talent and expertise. Learning and skill development of our people, along with their holistic growth, safety, and well-being, is vital to us. Keeping our people engaged and motivated is central to our ethos, which has contributed immensely to customer and stakeholder satisfaction. We invest in their inclusive growth and remain committed to providing them with an engaging work culture, imbued with a value system centred on collective growth. Diversity of the workforce, especially at the executive level (given the scale and nature of our operations), is maintained through a focussed hiring process, as we constantly work to promote employee retention as a goal across the organisation.
We consider stakeholder relationships integral to our business plans and work closely with customers, communities, people, suppliers/vendors, government, and regulators, to drive sustainable value accretion for all. The quality of these relationships is crucial for a positive business environment and responsible for the evolution of an organisation. A deep-rooted and regular engagement with our stakeholders helps us to make an informed assessment of their needs and aspirations. We are accordingly able to formulate and align our strategies with stakeholder expectations. The predominant areas of our social and stakeholder relationships cover education, sustainable livelihood, women empowerment, health, water and sanitation, sports and culture, environment, and safety.
Natural resources being critical to the success of our business and the economic progress of the nation, we have committed ourselves to their judicious utilisation, recycling, and conservation of the same. We have set for ourselves ‘Sustainability Goals 2025’ with the aim of strengthening our natural capital to promote sustainable performance. With these clearly defined goals & milestones, we are focussed to reduce our GHG emissions, remain water positive, recycle waste, foster biodiversity, ensure safety and diversity at workplace and enable inclusive growth of the communities surrounding our operations. Renewable energy use is promoted through innovative interventions, while technology is extensively employed to expand the ambit of our waste recycling operations.
