Hindustan Zinc Limited - Results for the Fourth Quarter and Full Year Ended March 31, 2019

MUMBAI, India, May 2, 2019

The following release was issued today by Vedanta Limited's subsidiary Hindustan Zinc Limited

FY Highlights

• Underground mined metal production at 936kt, up 29%; total mined metal production down only 1% despite closure of open-cast operations
• Record refined lead metal production at 198kt, up 18%
• Record silver production at 679 MT, up 22%

Q4 Highlights

• Underground mined metal production at 245kt, up 24% y-o-y; total mined metal production down 4% y-o-y
• Refined lead metal production at 52kt, up 6% y-o-y
• Record silver production at 191 MT, up 13% y-o-y

Hindustan Zinc Limited today announced its results for the fourth quarter and full year ended March 31, 2019.

Mrs. Kiran Agarwal, Chairman –

"I am delighted to join the Board of Hindustan Zinc and take forward the Company's vision to become the largest and most admired zinc-lead and silver producer globally. The financial year 2019 was a landmark year as we achieved an exit run-rate of over a million MT per annum entirely from underground operations, even after planned closure of open-cast operation. As we complete our mine expansion programme to deliver 1.2 million MT per annum capacity this year, we will further strengthen our market position and cost leadership."