As an efficient and experienced natural resources player, we offer investors an opportunity to take part in the extraordinary growth story of India as it seeks to improve its infrastructure, house its growing population and develop its manufacturing base.
Anil Agarwal ChairmanDOWNLOAD Chairman’s statement
Our strategy is focused on delivering sustainable long-term returns to our shareholders. This is demonstrated by our strong shareholder returns. We have returned c. $2 billion to shareholders since the IPO in 2003.
Stronger: Financial position and production growth
Smarter: Innovation and use of technology
Sustainable: Contribution to communities, employees and the environment
In FY2017, Vedanta delivered a strong performance across each of the key financial metrics and this has given us a good springboard into FY2018.
We invest selectively in exploration and appraisal to extend mine and reservoir life.
We develop world-class assets, using the latest technology to optimise productivity.
We operate low-cost mines and oil fields, with a clear focus on safety and efficiency.
We focus on operational excellence and high asset utilisation to deliver top quartile cost performance and strong cash flow.
We supply our commodities to customers in a wide range of industry sectors, from automotive to construction, from energy to consumer goods.
We manage our long-life assets as effectively as possible and return them to a natural state at the end of their useful life.
We intend to deliver growth and long-term value while upholding sustainable development through our diversified portfolio of large, long-life and low-cost assets.
As a global natural resources organisation, our businesses are exposed to a variety of risks. We recognise the importance of identifying and actively managing the risks facing the Group. It is therefore essential to have in place the necessary systems and a robust Governance framework to manage associated risks, while balancing the relative risk reward equation demanded by stakeholders.DOWNLOAD Principal Risks and Uncertainties
2.2m (2016: 2.3m)
53m mt (2016: 42m mt)
US$49m (2016: US$39m)
0.39 (2016: 0.462)
24% (2016: 23%)
US$18m (2016: US$37m)
US$6.0bn (2016: US$3.2bn)
1 Some beneficiaries may be enrolled in more than one project
2 With the new ICMM definition it is 0.50