Integrated Annual Report 2022-23
Message from the Chairman
Driven by purpose, the fiscal year 2022-23 is a testament to the breadth and scope of entrepreneurial ventures we have embarked upon. We are exploring uncharted territories, backing our conviction with capital and talent.
Kumar Mangalam Birla
Chairman
Know more
Message from the Managing Director
We recognise the critical importance of water conservation and are on track to cut down our specific freshwater consumption in Indian operations by 20% by 2025 from 2019 levels.
Satish Pai
Managing Director
Know more
Environment
Governance
*The details provided are for India Operations | #From base year 2011-12 | @From FY2020-21 | Reduction | ^For FY2022-23 | YoY growth
Financial Capital
Manufactured Capital
Human Capital
Intellectual Capital
Natural Capital
Social and
Relationship Capital
Financial Capital
` 94,806 Crore Equity
` 58,335 Gross debt
` 19,208 Operating cash flow
Manufactured Capital52 Manufacturing units
Production Capacity
3.60 Million MT alumina (including 0.36 Million MT specialty alumina)
1.30 Million MT primary aluminium (including 0.40 Million MT aluminium VAP)
4.10 Million MT Novelis rolling capacity
0.54 Million MT copper rods (including 0.42 Million MT copper cathode)
21 Operational Mines*
~$4.5 Billion growth projects under execution
Human capital76,800+ Total workforce
` 13.5 Crore Investment in trainings & development*
Organisational effectiveness calendar
Intellectual capital` 796 Crore R&D expenditure and allocated capex
529 Number of patents filed
12 Number of R&D centres
New collaborations and associations
Natural capital16.38 Million MT Material consumption
77.27 Million m3 Fresh water consumption
61% Recycled input material for Novelis
312.89 Million GJ Energy consumption
0.91 Million GJ Renewable energy consumption*
` 1,297.84 Crore Environmental investments
Biodiversity risk assessment and technical standards for all operating sites*
Social & relationship
capital` 136 Crore Community expenditure
11,120 Supplier base*
` 172,661 Crore Procurement spend
* Represents data for India operations #Excluding lease liabilities as a part of gross debt
Packaging
Automobile
Aerospace
B&C
Pharma
Chemicals
Electronics
Auto components
Primary aluminium production
1.32 Million MT
Flat-Rolled Products produced
0.29 Million MT
Extrusion products
0.06 Million MT
Aluminium foil products
0.03 Million MT
Cathodes
0.41 Million MT
Rods
0.35 Million MT
Metallurgical & chemical alumina
3.53 Million MT
FRP 3.79 Million MT
GHG emissions (Scope 1 & 2)
29.80 MTCO2e
NOx emissions 0.04 Million MT
SOx emissions 0.08 Million MT
PM emissions 0.01 Million MT
Waste generated 12.94 Million MT
Waste disposed to landfills 0.15 Million MT
Bauxite residue & ash utilised* 9.57 Million MT
* Represents data for India operations #Excluding lease liabilities as a part of gross debt
Financial capital
Manufactured capital
Human capital
Intellectual capital
Natural capital
Social and
Relationship Capital
` 223,202 Crore Revenue
` 24,131 Crore EBITDA
` 10,097 Crore PAT
1.39x Consolidated net debt to EBITDA#
Net Debt-Free Hindalco India operations*
11.67% Return on Equity
11.43% Return on Capital Employed
Highest-ever primary aluminium metal production
11.79%* y-o-y growth in copper cathode production
8%* yoy growth in alumina production
100% IT systems
ISO 27001-certified
Integrated Management System Certification (ISO 9001, ISO 14001, ISO 45001) at corporate and all locations
7.92% Permanent women employees and workers
5.10 Million hours of trainings provided
7.21% Employee turnover rate*
3,433 Employees hired
87 Employee engagement score
16% reduction in LTIFR
427 Number of patents granted
62 Number of new products developed
Net Zero Lab in Sierre, Valais canton, Switzerland
0.97 Million GJ Energy savings
19% Reduction in specific energy consumption for AI from FY2011-12*
20% Reduction in specific GHG emissions from FY2011-12*
6% Reduction in specific freshwater consumption for aluminium (baseline FY2018-19)*
14 Locations with biodiversity management plan and 12 with green belt management plans*
88% Waste utilisation – an increase of 8 percentage points from FY2020-21
6% Increase in green cover*
Carbon sequestration study completed for six sites*
2 Million+ Lives touched
65% NPS Score for Aluminium Extrusions*
80% NPS Score for Copper*
75% NPS Score for Chemicals*
90.20% Customer Satisfaction Score for Novelis*
62% of significant suppliers assessed*
* Represents data for India operations #Excluding lease liabilities as a part of gross debt
Outcomes
` 223,202 Crore Revenue
` 24,131 Crore EBITDA
` 10,097 Crore PAT
1.39x Consolidated net debt to EBITDA#
Net Debt-Free Hindalco India operations*
11.67% Return on Equity
11.43% Return on Capital Employed
Highest-ever primary aluminium metal production
11.79%* y-o-y growth in copper cathode production
8%* yoy growth in alumina production
100% IT systems
ISO 27001-certified
Integrated Management System Certification (ISO 9001, ISO 14001, ISO 45001) at corporate and all locations
7.92% Permanent women employees and workers
5.10 Million hours of trainings provided
7.21% Employee turnover rate*
3,433 Employees hired
87 Employee engagement score
16% reduction in LTIFR
427 Number of patents granted
62 Number of new products developed
Net Zero Lab in Sierre, Valais canton, Switzerland
0.97 Million GJ Energy savings
19% Reduction in specific energy consumption for AI from FY2011-12*
20% Reduction in specific GHG emissions from FY2011-12*
6% Reduction in specific freshwater consumption for aluminium (baseline FY2018-19)*
14 Locations with biodiversity management plan and 12 with green belt management plans*
88% Waste utilisation – an increase of 8 percentage points from FY2020-21
6% Increase in green cover*
Carbon sequestration study completed for six sites*
2 Million+ Lives touched
65% NPS Score for Aluminium Extrusions*
80% NPS Score for Copper*
75% NPS Score for Chemicals*
90.20% Customer Satisfaction Score for Novelis*
62% of significant suppliers assessed*
Enriching Lives by Maximising
Value for Our Stakeholders
Prudent financial capital management becomes a critical success factor as we move towards a new pool of customercentric solutions. As we prioritise long-term value creation, the financial capital fuels our operations and enables strategic investments.
Focus Areas
Contributions to SDGs
Striving to Lead the Industry
with Excellence
To become a global high-performing contemporary organisation, we have significantly expanded our product portfolio, focusing strongly on downstream and valueadded products.
Focus Areas
Contributions to SDGs
Enriching Lives by Enhancing
the Product Mix and Improving
Customer Experience
As the global industrial market demand constantly evolves, our commitment to enriching lives drives us to stay ahead. Innovation is not just our biggest tool; it is the foundation of our journey to unveil new products, combinations, and designs to cater to an array of opportunities.
Focus Areas
Contributions to SDGs
Enriching
the Workforce
Our people drive our journey towards becoming a global High Performing Contemporary Organisation. As we strive to evolve into an innovative manufacturing solutions provider and expand into new market segments, the capabilities of our people become paramount. They are the key enablers in building a competitive advantage in the new market spaces we will enter in this downstream and value-added segment expansion phase.
Focus Areas
Contributions to SDGs
Enriching Lives by Forging
Lasting Relationships with
Our Stakeholders
At Hindalco, we are committed to building endearing and enduring partnerships with multiple stakeholders. Our commitment to this is evident in our ESG-driven strategies and initiatives which aim to create long-term value while making a positive impact on society.
Focus Areas
Contributions to SDGs
Enriching Lives by Fostering
a More Sustainable Future
At Hindalco, our unwavering commitment to enriching lives is intricately woven into our sustainability efforts. We firmly believe in creating a greener future, and to achieve this, we are committed to attaining our environmental goals.
Focus Areas
Contributions to SDGs
INTEGRATED ANNUAL REPORT 2022-23
Social
Permanent women employees and workers
7.92 %
Training-hours
5.10 Mn
Procurement Spend
`172,661 Cr.
Beneficiaries supported
2 Mn+
LTIFR from FY2021-22
16 %
Community Expenditure
`136 Cr.
Lives impacted
534,000
Beneficiaries supported*
16,000+
Customer Satisfaction Score
90.20 %
Women empowered *
21,793