STRATEGIC & GLOBAL LEADERSHIP HIGHLIGHTS

• Maximised silver production by operating pyro plant on lead mode for longer duration to leverage the global pricing opportunity
• Forayed into strategic mineral exploration and further portfolio diversification, with formation of new subsidiary ‘Hindmetal Exploration Services Pvt. Ltd.’
• Major capex programme initiated inviting global tenders from mining experts, to double the zinc output in the next 3-4 years
• Entered into memorandums of understanding (MoUs)/tie ups with key innovation and technology partners, dedicated to transforming waste into valuable resources, thereby driving sustainable growth and innovation
• Hindustan Zinc’s Chanderiya Lead-Zinc Smelter (CLZS) becomes the largest singlelocation smelter globally with a capacity of 680 kt, demonstrating its prominent position in the global market

BUSINESS/OPERATIONAL HIGHLIGHTS

• Highest ever mined metal, refined metal and silver production, driving the attainment of industry leading CAGR and successful achievement of targets
• Emerged as the 3^rd largest silver producer in the world, according to the World Silver Survey 2024 by The Silver Institute. Sindesar Khurd mine has also become the 2^nd largest silver producing mine globally.
• Achieved a robust EBITDA margin of c.47% consistently, even amidst market volatility, showcasing financial strength and strategic resilience
• Lowest zinc cost of production in last 3 years, at US$ 1,117 per MT, driven by 5 consecutive quarters of cost reduction
• India’s first Fumer facility commissioned through remote support of original equipment manufacturer (OEM) and Hindustan Zinc team from China, making it the first such innovative commissioning across the country
• Rajpura Dariba Mill commissioned enhancing the RD ore treatment capacity to 1.1 MTPA
• For Hindustan Zinc Alloys Private Limited (HZAPL), 30 ktpa alloy facility commissioned with commencement of commercial production during the year, ramp up is currently underway
• Progress of 160 ktpa Roaster at Debari and 510 ktpa Fertiliser plant under Hindustan Zinc Fertilisers Pvt. Ltd. on track
• Quick Payback Initiatives launched and projects identified, focussing on improving production and efficiency, cost optimisation and sustainable growth

#ReachOutCampaign

SUSTAINABILITY HIGHLIGHTS

• Ranked 1^st globally in the S&P Global Corporate Sustainability Assessment (CSA) 2023, with a score of 85 out of 100 under the metals and mining sector
• Secured two Indian patents, titled ‘Method for production of lead by performing dross removal procedures’ and ‘Method for production of zinc by utilising lead plant slag’, ensuring circular economy and resource utilisation
• Became the first metal and mining company in India to have validated Science Based Targets in line with 1.5^oC, with approved targets of 50% reduction in scope 1 & 2 and 25% reduction in scope 3 GHG emissions by 2030, and net zero by 2050 from base year 2020
• Placed among Top 1% S&P Global CSA score members in Sustainability Yearbook 2024, featured for 7^th consecutive time
• Signed a landmark agreement for deploying 180 LNG vehicles for inter-unit and finished goods movement, reducing Scope 3 emissions; 41 LNG vehicles deployed during the year
• Launched two more battery electric vehicles in the underground mines of Sindesar Khurd (SK) and deployed 10 EV trucks, with 55 MT capacity each, for inter unit concentrate transfer
• Zero liquid discharge plant of 4,000 KLD capacity inaugurated at Zawar mines to facilitate water recovery and reduction in freshwater dependency, reaffirming our vision of zero discharge as well as 5x water positivity by 2025
• Global recognition by CDP with Leadership Band of (A-), reaffirming our dedication to climate change and water security
• Hindustan Zinc won Mission Energy Foundation Award for efficient management of fly ash - captive power plant in Northern Region
• 16 people from LGBTQA+ community are introduced in the workforce
• Received the first flow of renewable energy from the Phase 1 of 450 MW RE power delivery agreement in May 2024
• Hindustan Zinc is selected as the winner in large industry category in 2^nd FICCI Sustainable Industry Practice Awards
• Dedicated women’s facility inaugurated in Rampura Agucha mine, 500 metres below the surface, underlining our commitment to promoting inclusivity and diversity
• Launched #Zinclusion, a programme to promote the inclusion of the LGBTQIA+ community within the organisation, as part of our focus on fostering equality, diversity, equity and equal opportunities

SAFETY AND HEALTH INITIATIVES

• Launched “Suraksha Kavach” phase-1 of fatality prevention controls initiative for underground mining, outlining clear No-Go criteria and critical checkpoints to be observed diligently
• India’s 1^st ever all women underground mine rescue team trained and secured 1^st place in 52^nd All India Mines Rescue Competition; all boys team secured 3^rd place in the same
• Sindesar Khurd Mine became the 2^nd mine in India to get enrolled as a member of International Mines Rescue Body (IMRB)
• Touched hearts with #ReachOut Campaign on World Mental Health Day; event aimed at breaking down barriers surrounding mental health
• Hindustan Zinc honoured with Platinum award in metal and mining sector at Apex India Occupational Health and Safety Awards 2023
• 7 business units of Hindustan Zinc recognised by British Safety Council at International Safety Awards 2024, in the distinction, merit and pass categories
• Achieved zero fatalities across all locations

India’s 1^st ever all women underground mine rescue team

CSR HIGHLIGHTS

• Signed MoU with India Post Payments Bank to foster economic growth and bring financial inclusion in the lives of rural community beneficiaries under our CSR programme
• Hindustan Zinc is listed as one of the top ten companies for CSR in India 2023 by the CSR Journal
• Zinc Football Academy (ZFA) awarded with the topmost Elite 3-star rating by the All India Football Federation
• ZFA’s Mohammed Kaif etched his name in history books by playing a pivotal role in India’s victorious campaign at the SAFF Under-16 Championship in Bhutan
• 300+ speech and hearing-impaired children were sensitised on road safety under ‘Jeevan Tarang’ programme. Virtual menstrual health and hygiene awareness sessions were also conducted

• 4 students from batch 5 of our Unchi Udaan initiative qualified for renowned institutions like IIT and NIT
• Unveiled a new campaign - ‘#ZincCity: Uniting Udaipur Through a Vibrant Cultural Tapestry’ to showcase Udaipur’s rich mining history spanning over 2,000 years
• Sakhi programme awarded with “The Skoch Gold Award” and Samadhan programme awarded with “The Skoch Order of Merit”
• Sakhi Utpadan Samiti recognised by BW Emerging Business Summit Awards
• Sakhi Utpadan Samiti awarded with CSR Excellence in Women Empowerment at India CSR and Sustainability Conclave 2023 and Mahatma Award in Social Good and Impact category
• Over 1,500 rural and tribal students benefitted from the Shiksha Sambal summer camps, conducted to bridge their learning gaps and further enhance conceptual understanding in Science, Language and Mathematics
• 7 locations won the Bhamashah Vibhushan Award for educational initiatives/projects
• Installed and inaugurated 53 state-of-the-art RO water filters with UV systems, benefitting over 12,000 individuals across 53 government institutions in Kotra block in Udaipur, Rajasthan
• Recognized with CSR Excellence Award by PHDCCI for exemplary CSR initiatives

AWARDS AND RECOGNITIONS

Our Management team members were recognised with:

• ‘Top 30 CEOs of India’ list by StartupLanes
• ‘India’s Impactful CXO’ by ET Edge
• Visionary Leader of 2024 by Financial Express
• Best CFO - Metals & Mining category at ASSOCHAM 2^nd Vibrant Bharat CFO Summit & Awards
• Dun Bradstreet Finance Elite 2023
• Hindustan Zinc’s CEO elected as Chairman of the Confederation of Indian Industry (CII) Rajasthan for the year 2024-25
• CXO Impact Awards by CXO Genie for Exemplary Contribution in Diversity, Equity, and Inclusion in Finance Domain
• ‘Top 20 CSR Leaders’ at the 4^th ESG Summit & Awards 2023
• 2023 MGMI Award of Excellence for Non-Coal Mining
• 'Best Sustainability Assessor Award’ for Chief HSE & Sustainability Officer at 18^th CII-ITC Sustainability Awards Ceremony