Large-scale operations with tier-1 assets and product portfolio

• World’s largest integrated zinc producer and among the top 5 silver producers with world-class, strategically-located mining and smelting assets
• Crossed 13 Mnt of metal reserves first time since underground transition (3x growth over FY2020 levels on net of production basis) and continue to maintain 25+ years mine life with a focus on ongoing replenishments supported by innovative technologies and advanced geophysics
• Diversified, customer-centric product portfolio with c.22% value-added products, strong domestic presence of about 77% in primary zinc market share and growing presence in over 40 countries

Global cost leadership

• First decile in the global zinc mining cost curve and first quartile in the global zinc smelting cost curve
• Sustainable cost reduction powered by integrated operations, economies of scale, structural cost reduction initiatives, automation and digitalisation
• Growing renewable energy share insulates power cost from commodity price variations

Offering metals essential for societal progress

• Promoting everyday base metals in enabling a low-carbon, sustainable future
• Evolve into a multi-metal, future-enabling enterprise, aligned with India’s critical mineral security vision; exploring high-potential minerals like copper, lithium, nickel, cobalt, potash, rare earth elements (REE) and gold, critical for electric vehicles (EVs), semiconductors, and clean technologies
• Through our Hindmetal Exploration Services Private Limited, we won a Tungsten block in Andhra Pradesh in FY2025. In May 2025, we further strengthened our critical mineral portfolio by winning the Potash block in Rajasthan and Rare Earth Elements block in Uttar Pradesh

Zinc: a critical metal for daily use and future technologies

• Essential for galvanising steel, supporting clean energy infrastructure and enabling EV manufacturing
• Usage in 3D-printed automotive parts, UV-resistant coatings for modern buildings, and public health, with zinc oxide nanoparticles used to purify water and create germ-resistant cleaners for hospitals
• Ensures longer life of the solar panels and wind turbines by preventing corrosion
• Zinc-based batteries offer a low-cost, long-life and sustainable alternative to the lithium variants, being non-toxic and effective across a wider temperature

Silver catalysing the green economy

• Silver’s role is extending beyond precious metal to a strategic green metal for powering the transition to a low-carbon, high-tech world – applications spanning electronic systems, including telecommunications, infrastructure and EVs
• Its unmatched conductivity makes it highly effective in the solar energy industry (for photovoltaic cells) and other sectors targeting carbon footprint reduction

Resilient economy and steel industry outlook

• India recorded a GDP growth of 6.5% during FY2025, driven by expansion in infrastructure, construction, automotive and manufacturing sectors
• With the government’s sustained focus on infrastructure development, including smart cities, railways, highways and airports, the International Monetary Fund projects GDP growth to remain above 6.5% over the next 3-4 years
• A booming economy continues to propel steel demand in India; the world’s second-largest steel producer saw annual crude steel production growing at a compounded c.10%, against a flat trend globally
• To sustain economic growth, India targets decision-making steel capacity to 300 Mtpa by 2030 with equal emphasis on energy transition (target to add 500 GW of non-fossil fuel-based energy by 2030 and become net zero by 2070)

Hindustan Zinc positioned for growth

• These factors are set to almost double the domestic zinc demand for steel galvanisation and silver demand by a multifold to support the energy transition
• Our global market-leading position in zinc, with about 77% share in the domestic primary zinc market, positions us to benefit from India’s growth

Proven financial foundation

• Consistently delivered phenomenal performance across all financial parameters, supported by operational efficiencies and cost optimisation strategies
• Industry-leading EBITDA margin of c.50%, irrespective of the commodity price cycles and market volatilities
• Over five decades of expertise in commodity markets and a strong leadership suite, enabling strategic decision making and facilitating innovation to improve operational consistency

Healthy balance sheet

• Consistent AAA investment-grade credit rating by CRISIL, reflecting stable net debt position and robust free cash flow, enabling cheaper financing
• Strong cash and cash equivalents supporting consistent dividend payments and staying opportunistic for organic and inorganic growth

Disciplined capital management

• Strategic investment in high IRR projects (fertiliser plant, roaster, zinc alloy plant and hot acid leaching plant), with innovative measures to scale production, profitability and achieve the sustainability targets
• Industry-leading returns driven by efficient capital allocation, process rationalisation and targeted operational efficiencies and cost optimisation strategies
• Lower capex costs being based in India, among the world’s cheapest labour and power market

Sustainable value creation and delivery

• Unique global positioning and expertise in navigating the market volatilities ensures resilience, agility and maximisation of value creation
• Efficient project execution via trained partners and teams, detailed planning, and global expert collaborations
• Delivering strong shareholder returns through consistent growth and dividends in line with our dividend policy