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Hindustan Zinc Ltd.

BSE: 500188 Sector: Metals & Mining
NSE: HINDZINC ISIN Code: INE267A01025
BSE 00:00 | 24 Jun 246.60 -3.55
(-1.42%)
OPEN

250.15

HIGH

256.70

LOW

245.25

NSE 00:00 | 24 Jun 246.55 -3.80
(-1.52%)
OPEN

252.40

HIGH

256.75

LOW

245.10

OPEN 250.15
PREVIOUS CLOSE 250.15
VOLUME 34180
52-Week high 407.90
52-Week low 245.25
P/E 10.72
Mkt Cap.(Rs cr) 104,196
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 250.15
CLOSE 250.15
VOLUME 34180
52-Week high 407.90
52-Week low 245.25
P/E 10.72
Mkt Cap.(Rs cr) 104,196
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hindustan Zinc Ltd. (HINDZINC) - Chairman Speech

Company chairman speech

Dear Stakeholders

The past year has been one of the most difficult in human memory. It has challengedbusinesses like never before pushing them to the edge of their resilience andcapabilities. Around this time last year the world was barely coming to terms with theCOVID-19 crisis. We were trying hard to understand the unprecedented threat it posed andharder still to fight back. And yet amidst the chaos and the uncertainty triggered bythe pandemic at Hindustan Zinc we were confident that we would successfully overcomethe short-term challenges to emerge stronger and continue to deliver value consistentlyto all our stakeholders.

Today a year on I am happy to say that our confidence stands validated by anexcellent performance. Despite the challenging operating environment I am proud to sharethat we have delivered record production volumes translating into value creation for allour stakeholders. I am pleased to share that during this period Hindustan Zinc hasperformed well on all operational financial and non-financial aspects despite theoperational shutdown restrictions and disruptions in 2020 to combat the spread ofinfections. Needless to say this performance would not have been possible without thestupendous efforts and hard work of our people and the exemplary guidance of theleadership team at Hindustan Zinc. I would like to take this opportunity to thank all ofthem for their unwavering commitment to the organization’s growth and the realizationof its long-term goals and vision. Each one rose to the occasion to contribute to theCompany’s sustainable growth and value creation through these tough times. Our COVIDwar room which we set up soon after the pandemic broke out enabled us to resumeoperations in a safe and seamless manner after the lockdown period. Extensive protocolswere put in place to safeguard all our employees including our contractors at theworkplace as well as in residential colonies. I am happy to report that we succeeded inramping up our operations to normal levels by May 2020.

It has been our consistent and resolute effort to strengthen the foundation of our coreoperations and our delivery on volumes while bringing down the cost through variousinitiatives. We successfully achieved this on the back of our streamlined operatingprocesses and an organization-wide culture of detailed planning and efficient execution.Our structural cost reduction initiatives have helped bring down costs to sustainably lowlevels while our firm focus on free cashflow generation through working capitaloptimization has enabled us to deliver industry-leading shareholder returns.

Even as we were all working together towards higher efficiencies and sustained growththrough our dedicated focus on our business goals we did not lose sight of our corporateresponsibility towards the community at large. Nor did we for a moment shift our focusaway from the Sustainability Goals that we have identified as a key strategic priority toguide our future journey. In fact with the pandemic impacting the vulnerable sections ofsociety the hardest we sharpened our focus on ensuring livelihood health and safety ofthe communities whom we are supporting through our CSR initiatives. Our CSR team worked onthe ground to support both life and livelihood through extensive focus on ensuringavailability of food sanitation and much-needed health services. It gives me immensesatisfaction that we could extend our support to the nation by supplying medical gradeoxygen amid the desperate phase of shortage during the menacing second wave of thepandemic. Our COVID-19 mitigation efforts which are still ongoing were widelyacknowledged and recognized and we are humbled to receive the CSR Health Impact Award bythe ‘Integrated Health and Wellbeing Council’ as a mark of appreciation for ourexceptional response to the pandemic. At the same time we continued to remain firmlyfocused on the safety and sustainability of our operations in line with theorganizational culture that is deeply ingrained in all our systems and processes. This isa vital aspect of our business which we pursued actively even amid the complexities ofoperating during the COVID-19 crisis. The acknowledgment of our efforts on this frontfound endorsement in the form of various recognitions we received during the year mostnotable being Hindustan Zinc’s inclusion in the list of A-rated companies for climatechange carbon disclosure project. What is really exciting about this feat is that we arethe only two companies in the metal and mining sector across the globe which scoredA-rating for this project. I am also glad to inform you that Hindustan Zinc has maintainedits first position in the Asia-Pacific region in the metal and mining sector for the thirdconsecutive year and has been ranked 7th globally in the metal and miningsector in the Dow Jones Sustainability Index. I also feel humbled to share that HindustanZinc is a part of the business leaders group - COP26 which is actively engaged in shapingthe agenda for the 26th meeting of countries that signed the UnitedNations’ Framework Convention on Climate Change to be held at Glasgow UK inNovember 2021. Another inspirational achievement that I am pleased to share is that theCompany has won the CII Environmental Best Practice Award 2020 under the ‘MostInnovative Environmental Projects’ category. Further it gives me great pride andsatisfaction to inform that our 22-megawatt solar power project at Rampura Agucha12-megawatt at Debari and 4-megawatt at Dariba are all registered under the Gold Standard– the most rigorous certification given globally for carbon offset projects. It isevaluated based on net positive contribution towards economic development employmentopportunities environmental and social welfare of the local population that hosts theproject. Moreover we have utilized wasteland at all locations for solar panelinstallation. With this our complete portfolio of renewable power is registered under theGold Standard. Coupled with our 2.41x water positivity this is indeed a matter of prideand a strong motivation for us to continue to invest in sustainable growth practices forthe collective good of all.

At Hindustan Zinc we hold the welfare of the communities surrounding our operationsvery close to our heart and always strive to make a difference to the lives of people inthe villages in our vicinity. During the pandemic we scaled up our engagement with thecommunity by reaching out to the most vulnerable sections with food rations/ready mealshealthcare and online education support among others. In this endeavor we were activelysupported by our employees who volunteered to help out in large numbers. I am also proudto share that Hindustan Zinc has been identified as a responsible business of the year forits outstanding work in community development and awarded with Grant Thornton SABERA 2020.Before I conclude I would like to extend my gratitude to all members of the Board theleadership team and all our stakeholders for steering our vision and commitment towardscollective sustainable and sustained growth. With your cooperation we shall continue toaccelerate towards the fulfillment of our goals while supporting the Government in therealization of its vision of an ‘Atmanirbhar Bharat’. I am confident that withyour continued trust and support we shall stay on course to deliver many more excellentresults in the future.

Sincerely

Kiran Agarwal

.