Vedanta 2012

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    Overview

    Hindustan Zinc is a Vedanta Group company in Zinc, Lead and Silver business. We

    are India's only and the world's largest integrated producer of Zinc-Lead. We are

    also one of the leading Silver producers in the world. We are one of the lowest cost

    producers in the world and are well placed to serve the growing demand of Asiancountries. Hindustan Zinc is a subsidiary of the NYSE listed - Sterlite Industries

    (India) Limited (NYSE: SLT) and London listed FTSE 100 diversified metals and

    mining major - Vedanta Resources plc.

    Our core business comprises of mining and smelting of zinc and lead along with

    captive power generation. We have four mines and four smelting operations: mines

    are situated at Rampura Agucha (largest zinc producing mine in the world),

    Sindesar Khurd, Rajpura Dariba and Zawar in the State of Rajasthan; while the

    smelters are located at Chanderiya, Debari and Dariba in the State of Rajasthan and

    Vizag in the State of Andhra Pradesh.

    Our current metal production capacity is 1,064,000 tonnes per annum (879,000

    tonnes of zinc and 185,000 tonnes of lead). With reserves and resources of 313.2

    million tonnes, our exploration programme is integral to our growth and future

    expansions. Successful exploration and subsequent development of mineral assets

    underlines our mission and business strategy.

    We also own 474 MW of coal based thermal captive power plants in Rajasthan to

    support our metallurgical operations. We also have 123.2 MW of wind energy in

    Gujarat and Karnataka, which is sold to the respective State grids. Taking our green

    energy initiative a step further, we had announced, in January 2011, an addition of

    150 MW in our existing wind power capacity. Of this, around 135 MW has alreadybeen commissioned. The balance capacity is expected to be commissioned in Q4 FY

    2012. Post the expansion, our wind power generation capacity will increase to 273

    MW.

    History & Milestones

    Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of

    India on 10 January 1966 as a Public Sector Undertaking.

    In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open

    offer for acquisition of shares of the company; consequent to the disinvestment ofGovernment of India's (GOI) stake of 26% including management control to SOVL

    and acquired additional 20% of shares from public, pursuant to the SEBI Regulations

    1997. In August 2003, SOVL acquired additional shares to the extent of 18.92% of

    the paid up capital from GOI in exercise of "call option" clause in the share holder's

    agreement between GOI and SOVL.

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    With the above additional acquisition, SOVL's stake in the company has gone up to

    64.92%. Thus GOI's stake in the company now stands at 29.54%.

    Vision, Mission & ValuesVision

    Be the world's largest and most admired Zinc-Lead & Silver Company

    Mission

    Enhance stakeholders value through exploration, innovation, operational

    excellence and sustainability

    Be a globally lowest cost producer

    Maintain market leadership and customer delight

    Values

    Entrepreneurship

    Growth

    Excellence

    Trust

    Sustainability

    Board of Directors:-

    Mr. Agnivesh Agarwal - Chairman

    Mr. Akhilesh Joshi- CEO & Whole-time Director

    Mr. A. R. Narayanaswamy - Director

    Ms. Anjali Anand Srivastava- Director

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    Mr. Navin Agarwal- Director

    Mr. Rajib Sekhar Sahoo- Director

    Mr. Naresh Kumar- Director

    Ms. Shaukat Ara Tirmizi- Director

    ORGANISATION PROFILE

    Vedanta Resources Plc

    Vedanta is a US $2.2 billion London listed, diversified metals and mining Group

    Vedanta has copper; aluminum and zinc operations are India. Two copper mines

    inAustralia and copper mines in Zambia.

    Vedanta also has interests in gold (AGRC) and optical fiber (SOTL) Through

    theSterlite Group.

    In India, Vedanta Resources has interests in HZL (through sterile), BALCO

    andMALCO.

    FY 2012 group turnover: US $2918.98 million

    Indian Market Shares: -

    Zinc Vedanta (HZL) 75% Only Integrated Zinc producer.

    Copper Vedanta (Sterlite) 42% One of two leading copper producers.

    Aluminum Vedanta (BALCO and MALCO) 21% One of three aluminium producers.

    Vedanta Resource is covering -

    1. Konkola Copper Mines plc. (KCM)

    2. Sterlite Industries (India) ltd.

    3. Madras Aluminum Company ltd. (MALCO)

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    4. Vedanta Alumina Ltd.5. Hindustan Zinc Ltd.(HZL)6. Bharat Aluminum

    Company Ltd. (BALCO)

    Data of Financial year 2012:

    Reserves and Resources as on 31st March 2012

    Resources Reserves

    Measured and indicatedInferred Proved and probable

    Mt

    Grade % g/t

    Mt

    Grade % g/t

    Mt

    Grade %g/t

    Zinc Lead Silver Zinc Lead Silver Zinc LeadSilver

    Rampura

    Agucha17.2 14.9 2.0 64 23.9 11.6 2.0 54 69.3 13.7 1.9 61

    Rajpura

    Dariba8.4 7.1 2.0 71 35.1 7.8 2.1 92 8.8 6.3 1.7 68

    Sindesar

    Khurd11.4 5.4 2.7 143 48.4 4.5 3.1 162 21.6 4.5 2.7 161

    Bamnia

    Kalan1.7 5.3 1.8 80 3.4 5.0 3.8 114

    Zawar 25.4 5.0 1.8 43 38.7 5.0 2.6 55 7.8 3.6 2.0 35

    Kayar 8.8 10.5 1.6 34 0.7 7.0 1.0 15 1.8 12.6 1.8 30

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    Total 72.9 8.3 2.0 66 150.2 6.6 2.6 99 109.3 10.6 2.0 79

    Note: The Mineral Resource is reported exclusive of the Ore Reserve.

    MINING

    RampuraAgucha

    Sindesarkhurd

    RajpuraDariba

    Zawar

    Oreproduction(million tonnes)

    5.95 1.30 0.59 0.20

    Type of mine Open cast Underground Underground UndergroundReserves(milliontonnes)

    69.3 21.6 8.8 7.8

    Resources(million

    tonnes)

    41.1 59.8 43.5 64.1

    Ore productioncapacity(mtpa)

    6.15 2.00 0.90 1.20

    SMELTING

    CHANDERIYA DARIBA DEBARI VIZAG+Production(Tonnes)

    Zinc 4,64,021 1,98,204 68,046 28,445

    Lead* 68,309 30,415

    Capacity

    (Tonnes)

    Zinc 525,000 210,000 88,000 56,000

    Lead 85,0000 100,000

    Includes captive lead consumption of 6,625 tonnes

    Operations currently under suspension.

    Note :HZL also have Zinc,Lead and silver refining facilities in the state of

    Uttrakhand.

    Key By-product production

    Refined Silver 242 tonnes** (capacity 518 tonnes)

    Sulphuric Acid 1.31 Million tons (capacity 1.74 Million tons)

    ** Includes captive Silver consumption of 35 tones

    POWER

    Chanderiya Dariba Zawar Debari

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    Coal BasedCapativePowerPlant(MW)

    234 160 80

    Waste HeatRecovery(MW

    )

    13.7 4.3 6.5

    Wind EnergyFarms

    Gujarat

    Karnataka

    Rajasthan Tamilnadu Maharastra

    Capacity(MW)

    88.8 49.4 88.8 21.0 25.5

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