Model
Inputs
Natural Capital
Manufactured Capital
Intellectual Capital
Human Capital
Social and Relationship Capital
Financial Capital
Natural Capital
Inputs Deployed
- Ore R&R: 468.6 Mnt
- Zinc-Lead Metal R&R: 29.2 Mnt
- Silver R&R: 24.2 kt
- Energy consumption per tonne of metal: 50.83 GJ
- Water consumption per tonne of metal: 24.18 m³
- Renewable energy share: c.18%
- Deployed 180 LNG and 52 EV trucks till date for inter-unit transport
Key Focus Areas
- Set new sustainability benchmarks for the metals and mining industry through ambitious 'Sustainability Goals 2030' and strengthened practices in alignment with the ICMM membership
- Increase the share of RE and EV/LNG trucks towards decarbonisation
- Advance minimally invasive mining to prevent ecological degradation
- Reduce waste and optimise the natural resource usage
- Encourage conscious energy use through 'The Power of Less' awareness campaign
- Increase R&R to 500+ Mnt with c.50 Mnt metal reserves
Manufactured Capital
Inputs Deployed
- World-class automated and technology-driven plants
- Mines: 8 (at 5 locations)
- Smelters: 3 locations
- Captive Thermal Power Plants: 550.00 MW
- Captive Renewable Power Plants: 103.80 MW
- Fixed assets (gross block): ₹ 53,910 crore
- Capex utilised: ₹ 5,844 crore
Key Focus Areas
- Timely commissioning of expansion projects
- Participation in critical mineral blocks auctions
- Reducing the cost of production (CoP) through better metal grades, higher by-product realisation, and increasing the use of RE, alternative fuels, and domestic fuel
- Maintain long mine life and R&R base for secured raw material availability
- Modernise facilities to produce diverse products and enhance value-added portfolio share
Intellectual Capital
Inputs Deployed
- Collaborations/memberships with technical institutes: 6
- R&D spend: c.₹ 21.24 crore
- Patents awarded till date: 11
- Development and commercialisation of new value-added products
Key Focus Areas
- V-Spark Deeptech Ventures to drive innovation-led transformation projects in collaboration with technology startups
- Strengthening team of geologists, geophysicists and data analysts
- Invest in expanding addressable markets and strengthening value-added product portfolio
Human Capital
Inputs Deployed
- Total workforce: 27,263
- Employee benefit expenses: ₹ 771 crore
- Learning & development: 2,41,134 person hours
- HSE training: 8,00,715 person hours
- All-women driven leaching & purification unit
- Night shifts for women in underground mines at Rampura Agucha and Zawar
Key Focus Areas
- Commitment to the highest standards of a safety-first culture
- Create a dynamic, performance-driven environment
Social and Relationship Capital
Inputs Deployed
- CSR spend: ₹ 278.15 crore
- Productive engagements and strong relations with stakeholders
Key Focus Areas
- Local employment, community partnerships and sustainable practices to ensure social licence to operate
- Addressing India's growing metal demand
Financial Capital
Inputs Deployed
- Equity capital: ₹ 845 crore
- Net Cash: ₹ 5,594 crore
- Reserves & surplus: ₹ 21,784 crore
Key Focus Areas
- Sustain strong cash flows to fund capex and preserve balance sheet strength
- Disciplined strategic hedging to protect margins
- Focus on creating long-term shareholder value
Our Value Chain Activities
Shaping Tomorrow With An Integrated Business Model
Outputs
Figures in brackets are for the previous year FY2025
Outcomes
Natural Capital
Manufactured Capital
Intellectual Capital
Human Capital
Social and Relationship Capital
Financial Capital
Shaping Tomorrow With An Integrated Business Model
Outputs
Zinc
0 tonnes
(827 tonnes)
Lead
0 tonnes
(225 tonnes)
Silver
0 tonnes
(687 tonnes)
Natural Capital
Outcomes Delivered
- Management system certifications for all units: ISO 50001 (Energy) and ISO 14001 (Environmental)
- Environment product declaration for zinc
- GHG emissions (Scope 1 & 2): 5.02 million tCO₂e
- Zero liquid discharge: All sites
- Waste recycled/reused: 6.04 Mnt
- Water recycled: 23.56 million m³
- Mine life (average): 25 years+
UN SDGs Impacted
Actions to Improve Outcomes
- Increase RE share to 70% and enhance EV/LNG fleet to reduce emissions (Scope 1 and 2 by 50% and Scope 3 by 25% by 2030; net zero by 2050 or sooner)
- Disciplined exploration ensuring addition of more R&R than depletion and higher resource-to-reserve conversion
- Maintain a mine life of more than 25 years
Manufactured Capital
Outcomes Delivered
- Mined metal production: 1,114 kt
- Refined metal production: 1,048 kt
- 5-year lowest zinc CoP: US$ 959 per MT
- Secured letters of intent (LOIs) for critical mineral blocks:
3 (Potash, Tungsten and Rare Earth Elements) - Composite licence received for Tungsten block
UN SDGs Impacted
Actions to Improve Outcomes
- Board approved c.₹ 12,000 crore capex to enhance integrated zinc smelting capacity by 250 ktpa
- Board approved India's first tailings reprocessing plant with feed capacity of 10 Mtpa with an investment of ₹ 3,823 crore
- Participate in auctions to expand the critical mineral portfolio
- Reduce zinc cost of production
- Launched 'Agile Quality Circle' to empower employees with diverse quality tools, accelerate problem-solving and practical innovation
- Exploration started for Tungsten block at Andhra Pradesh
Intellectual Capital
Outcomes Delivered
- Value-added portfolio: c.22%
- Minor metal extraction capabilities
- Strong brand recall
- Partnered with Tata Steel and Silox India for adoption of low carbon zinc "EcoZen"
- Approval of HZDA5 diecasting alloy by a global zip manufacturer
UN SDGs Impacted
Actions to Improve Outcomes
- Advance new product areas like zinc aluminium magnesium die-casting alloy applications to enhance the VAP portfolio
- Undertake innovations in sustainable energy solutions like nickel-zinc, zinc-air, zinc-ion and zinc-sulphur chemistries
Human Capital
Outcomes Delivered
- Revenue per employee: c.₹ 12 crore
- Executive diversity ratio: 26.4%
- Attrition rate: 13.5%
- Total recordable injury frequency rate (TRIFR): 1.57
- 23 individuals from LGBTQIA+ community
UN SDGs Impacted
Actions to Improve Outcomes
- Improving diversity, equity & inclusion at all levels
- Investing in capacity building, talent management and behaviour-based safety and capacity building
- Focus on appreciation and quality of life
Social and Relationship Capital
Outcomes Delivered
- CSR beneficiaries: c.2.6 million
- Villages covered: 4,149
- Nand Ghars built till date: 9,274
- Contribution to the national exchequer: ₹ 18,846 crore
- Contribution to Rajasthan's exchequer (including mining royalties): ₹ 6,311 crore
- Average MSME payment cycle: 27 days
- Local spending (Rajasthan and Uttarakhand): 22%
UN SDGs Impacted
Actions to Improve Outcomes
- Holistic community development covering seven verticals: education, sustainable livelihood, asset creation, health, water & sanitation, sports & culture, women empowerment, and environment & safety
- Third-party assessments to measure effectiveness
- Adherence to CSR governance and community, environmental, and statutory regulations
- Capacity expansion and mineral basket widening towards India's critical mineral self-sufficiency
Financial Capital
Outcomes Delivered
- Revenue: ₹ 40,844 crore
- EBITDA: ₹ 22,162 crore
- EBITDA margin: c.54%
- Net profit: ₹ 13,832 crore
- Earnings per share: ₹ 32.7
- Industry-leading ROE/ROCE: 77%/67%
- Total interim dividend: ₹ 4,225 crore (₹ 10 per share)
UN SDGs Impacted
Actions to Improve Outcomes
- Improve margin profile through focus on VAP, economies of scale, digital transformation, and waste-to-wealth initiatives
- Leverage strong free cash flows to fund growth capex while retaining surplus cash for disciplined capital returns