Corporate Presentation, January 2014

Safe Harbour Statement

The views expressed here may contain information derived from publicly available sources that have not been independently verified.

No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Hindustan Zinc Ltd (HZL"). Past performance of HZL cannot be relied upon as a guide to future performance.

This presentation contains 'forward-looking statements' that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forwardlooking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of environmental, climatic, natural, political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in HZL or any other invitation or inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

HZL: Leading the Way

Leading global producer of zinc-lead

Vedanta Group company in zinc-lead-silver business

1st Rampura AguchaLargest zinc mine globally

2nd Largest zinc-lead miner globally with: 10 million+ MT of ore production capacity

4th Largest zinc-lead smelter globally: 1 million+ MT of production capacity

(Rankings calculated from Wood Mackenzie, June 2013 Long Term Outlook)

Core Strengths

Reserves & Resources base of 348.3 million MT ensuring mine life of 25 years

Integrated metal production supported by captive power plants

Low cost of operations driven by quality assets and multi-metal recovery

Market leadership in India with strong presence in emerging economies of Asia

World Class Mining Assets

HZLs flagship mine at Rampura Agucha (RAM) is the largest Zinc mine in the world with Reserves & Resources of 110.4 Million MT and a mine life of over 25 years.

R&R Summary Tonnage Grade

Mt Zn (%) Pb (%) Ag (g/t)

Reserves 109.7 10.1 1.9 72.0

Resources 238.7 6.8 2.3 85.0

Sindesar Khurd Mine

Reserves : 21.4mtResources : 63.6mtReserve Grade Zn : 4.5%Reserve Grade Pb : 2.5%Ore Production Capacity : 2.0mtpa

Rajpura Dariba Mine

Reserves : 10.6mtResources : 40.6mtReserve Grade Zn : 6.5%Reserve Grade Pb : 1.6%Ore Production Capacity : 0.90mtpa

Zawar Mining Complex

Reserves : 9.5mtResources : 66.9 mtReserve Grade Zn : 3.7%Reserve Grade Pb : 2.0%Ore Production Capacity : 1.2mtpaCPP : 80MW

Rampura Agucha Mine

Reserves : 62.7mtResources : 46.1mtReserve Grade Zn : 13.6%Reserve Grade Pb : 1.8%Ore Production Capacity : 6.5mtpa

Kayar Mine

Reserves : 5.4mt Resources : 5.9mtReserve Grade Zn : 10.0%Reserve Grade Pb : 1.5%Ore Production Capacity : 0.35mtpa

Smelting and Power Capacities

Chanderiya Smelting Complex

Pyrometallurgical Lead Zinc Smelter:105,000 tpa Zinc35,000 tpa Lead168 tpa Silver

Hydrometallurgical Zinc Smelter:420,000 tpa Zinc

AusmeltTM Lead Smelter:50,000 tpa Lead

Captive Power Plant:234MW

Zinc Smelter Debari

Hydrometallurgical Zinc Smelter: 88,000 tpa Zinc

Dariba Smelting Complex

Hydrometallurgical Zinc Smelter:210,000 tpa Zinc

Lead Smelter:100,000 tpa Lead

Captive Power Plant:160MW

Wind Power Plants by State (MW)

Rajasthan : 88.8

Gujarat : 88.8

Maharashtra : 25.5

Karnataka : 49.4

Tamil Nadu : 21.0

Smelting & Power Summary

Zinc smelting, tpa 8,23,000

Lead smelting, tpa 1,85,000

Silver refining, tpa 518

Captive Power, MW 474

Wind Power, MW 274

Chanderiya Lead-Zinc Smelter (CLZS) is one of the largest Zinc smelting complexes in the world.

Green Energy

HZL is one of Indias largest wind power producers with a generation capacity of around 274 MW

Registered under the United Nations Framework Convention on Climate Changes (UNFCCC) Kyoto Protocol for Clean Development Mechanism (CDM)

25 MW produced from steam generation from non-fossil sources

Total annual certified emission reduction (CER) potential of over 600,000 MT of CO2

Reserves & Resources (mt) 2.5X Growth

8

Journey So Far - Mines

Ore Production(mt) 3X Growth

RAM Debottlnecking

Ore Production increased from 1.35 Million TPA to 2.35 Million TPA

2004

RAM Expansion

Ore Production increased from 2.35 Million TPA to 3.75 Million TPA

2005

RAM Expansion

Ore Production increased from 3.75 Million TPA to 5.00 Million TPA

2008

RAM Expansion

Ore Production increased from 5.00 Million TPA to 6.00 Million TPA

2010

SKM Expansion

Ore Production increased to 1.5 Million TPA

2011

SKM Expansion

Ore Production increased from 1.5 Million TPA to 2.00 Million TPA

2012

Capacity Expansion at Mines

57 54 67 69 7780 89 102 97

109 110

87 9298 109

133152

183197 216

223 239

144 146165

178

210232

272299

313 332 348

FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13

Reserves Resources Net R & R

1.6 1.82.2 2.5

3.5 3.7 4.15.0 5.1

6.1 5.9 6.1

1.2 1.31.4 1.5

1.3 1.41.7

1.7 2.01.4 2.1

2.5

2.7 3.03.6 3.9

4.85.1

5.8

6.77.1

7.58.0

8.6

FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13

Ore UG Ore OC Total Ore

172 203261 266

318 349426

552 578

712 759 677

3233

25 1624

45

58

6064

5792

118

2666

78 55

101

161

156

71129

525

61

230

301

364337

442

554

641683

772821 856 856

FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13

Zinc Lead MIC Sale Total

Silver 48 47 35 11 24 51 80 105 139 148 207 374

214 262317 355

472 505551

651 683752 739 765

3336

4754

6067

78

8486

88 92106

247298

364409

532572

629

735769

840 830 870

FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13

MIC - Zinc MIC - Lead Total MIC

Journey So Far - Smelters

9

Saleable Metal (KT) 3.7X Growth

Mined metal (kt) 3.5X Growth

Debari & Vizag Zinc Debottle-necking

DZS- 59 KTPA to 80 KTPA

VZS 40 KTPA to 56 KTPA

2003

CLZS debottlenecking

Capacity 70 KTPA to 105 KTPA

2004

CLZS Hydro-1 Smelter

Capacity 170 KTPA

2005

Chanderiya Ausmelt Lead Smelter

Capacity 50 KTPA

2006

Chanderiya Hydro II Smelter

Capacity 170 KTPA

2007

Chanderiya & Debari Zinc DBN

Capacity 170 to 210 KTPA (both Hydros)

DZS- 80 KTPA to 88 KTPA

2008

Capacity Expansion at Smelters

Dariba Zinc Smelter

Capacity 210 KTPA

2010

Dariba Lead Smelter

Capacity 100 KTPA

2011

Journey So Far - Power

10

WPP (MW)

CPP (MW)

Chanderiya CPP

Capacity 154 MW

2005

Chanderiya & Zawar CPP expansion

CLZS 80 MW

ZWM 80 MW

2008

Dariba CPP

Capacity 160 MW

2010

Samana I

Capacity - 38.4 MW

2007

Samana II, Gadag

Capacity 50.4, 34.4 MW

2008

Gopalpura, Mokal I, II, III, Osiyan, Chakala

Capacity 15, 35.7, 16.8, 27.3, 9, 25.5 MW

2011

Commissioning of Captive Power Plants (CPP)

Muthiyampatti

Capacity 21 MW

2012

Commissioning of Wind Power Projects (WPP)

154 154 154

314 314

474 474 474

2005 2006 2007 2008 2009 2010 2011 2012

38

123 123 123

253

274

2007 2008 2009 2010 2011 2012

11

Financial Performance

UOM FY 02 FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 CAGR

EBITDA Rs Cr 199 271 824 984 2359 6489 5595 2874 4789 5623 6108 6553 34%

PAT Rs Cr 68 142 405 655 1472 4442 4396 2728 4041 4900 5526 6899 47%

Closing Cash Balance Rs Cr 56 257 1016 710 1704 4654 7695 9646 11875 15197 18283 22000 64%

Free Cash Flow Rs Cr 77 201 448 652 1435 4671 4560 3286 4471 4950 5675 6327 44%

EPSRs/Shar

e0.16 0.34 0.96 1.55 3.48 10.51 10.40 6.46 9.56 11.60 13.08 16.33 47%

Avg LME - Zinc $/MT 830 777 899 1110 1614 3580 2992 1563 1936 2185 2098 1948 7%

Avg LME Lead $/MT 476 445 611 921 1041 1426 2875 1660 1990 2244 2269 2113 13%

Key Parameters Trend

Robust Fundamentals

Setting new norms of business performance

Consistently improving value to stakeholders

34 % EBITDA growth despite of LME growth of 7%

Experienced management team supporting minimal-risk growth

Growth Roadmap - Mining

Journey ahead - Projects

Increase in ore production capacity from current

10mtpa to 15mtpa

Increase in equivalent metal production capacity

from 1mtpa to 1.2mtpa

World class mines using state-of the-art

technology and equipment, ensuring maximum

productivity at lowest cost

RAM UG RajpuraDariba

SindesarKhurd

Kayad* Zawar BamniaKalan

3.75 1.753.8

1.2 0.50.3 2 0.65

0.350.9

Current Capacity, (mtpa) Capacity Addition, (mtpa)

PLAN:

Develop 3.75 mtpa RAM underground mine

Expand Kayad mine from 0.35 to 1.0 mtpa

Expand SK mine from 2 to 3.75 mtpa

Expand RD mine from 0.6 to 1.2 mtpa

Expand Zawar Mine from 1.2 to 5 mtpa

Develop 0.5 mtpa Bamania Kalan underground

mine, an extension of SK block

OUTCOME:

12

Sustainability Initiatives

Target of Zero Harm

Promoting behavioral safety

Formal Consequence Management system for all LTI /fatalities

Focus on hazard identification and near misses

Zero water discharge

Effluent treatment plant and Reverse Osmosis plant for recycling 100% of waste water

Adiabatic Cooling for process cooling towers

Sewage Treatment Plant as sustainable water source

Water Consumption (cum/MT)

14

15

16

17

18

19

2009-10 2010-11 2011-12 2012-13

Declining lost time injuries per million man-hours worked (LTIFR )

0

1

2

3

4

2008-09 2009-10 2010-11 2011-12 2012-13

Community Engagement

RAJASTHAN

Fostering Self-Reliance through Community Development

Reaching to more than half a million people in Rajasthan

Positively impacting lives of more than 55,000 families in 184 Villages in Rajasthan

Members of United Nations Global Compact (UNGC), TERI-BCSD (Business Council for Sustainable Development) and National Population Stabilization Fund

CSR initiatives undertaken on local needs of the community focusing on:

Health & Nutrition

Education

Water & Sanitation

Sustainable Livelihood

Agriculture & Livestock Development

Women Empowerment

Social Forestry

Community Asset Creation

CSR Initiatives

Health & Nutrition Education Water & Sanitation

Bal Shakti Anganwadi(Crche) Project

Centralized Kitchens for Mid-day Meal program

Vedanta- Hindustan Zinc Heart Hospital, Udaipur

Model School Development

Vedanta Post Graduate college for girls

Adult Education Centers

Vedanta Computer Literacy Program

Rural Safe Drinking Water Project

Rural Sanitation Program

CSR Initiatives

Sustainable Livelihood (Farm & Non-farm)

Women Empowerment

Environment Conservation

Improved Agriculture Program

Livestock Development Program

Vocational Trainings

SHG Development Program

Capacity Building Interventions

Income Generation Programs

Women Literacy Programs

Mega Plantation Drive

Water Conservation Drive

Sewage Treatment Plant at Udaipur

Thank You