1 Excludes custom smelting at Zinc and Copper India operations
Vedanta has delivered strong operational performance in FY 2015-16 with relentless focus on cost discipline and improved productivity across all our operations that enabled us to deliver strong earnings and record cash flow. As a result, your company reduced debt and strengthened its ability to withstand volatility in the tough and challenging commodities market during the year. Vedanta achieved all of this while maintaining a disciplined approach to capital expenditure and cost optimisation.
I am proud of the significant progress that we have made in improving our operational efficiency and optimising costs. This is part of a continuous journey and we will take further steps over the coming year, leveraging the adoption of new technologies and encouraging a culture of innovation among our people.