CONVENTIONS USED IN THIS FORM
In this report, we refer to information regarding the zinc, oil and gas, iron ore, copper, aluminium, steel and power industries and our competitors from
market research reports, analyst reports and other publicly available sources. Although we believe that this information is reliable, we have not independently verified the accuracy and completeness of the information. We caution you not to place
undue reliance on this data.
Vedanta Resources Limited (Vedanta) is the parent company of our Company. We conduct our businesses both
directly and through a consolidated group of companies that we have ownership interests in. See Item 4. Information on the Company in Annual Report (Form 20-F) for fiscal year ended March 31, 2020 for more information on these
companies and their relationships to us. Unless otherwise stated in this report or unless the context otherwise requires, references in this report to we, us, our, Vedanta Limited, our
Company, the Company or our consolidated group of companies mean Vedanta Limited, its consolidated subsidiaries and its predecessors, collectively, including Cairn India Limited (now Vedanta Limited - oil and gas
business) and its subsidiaries (Cairn), Monte Cello BV (Monte Cello), Copper Mines of Tasmania Proprietary Limited (CMT), Thalanga Copper Mines Proprietary Limited, Bharat Aluminium Company Limited
(BALCO), Hindustan Zinc Limited (HZL), Fujairah Gold FZC, Sterlite (USA), Inc., (Sterlite USA), Talwandi Sabo Power Limited (TSPL), THL Zinc Ventures Limited, THL Zinc Limited, THL Zinc Holding B.V.,
THL Zinc Namibia Holdings (Proprietary) Limited (Skorpion), Skorpion Zinc (Proprietary) Limited, Skorpion Mining Company (Proprietary) Limited, Namzinc (Proprietary) Limited, Amica Guesthouse (Proprietary) Limited, Rosh Pinah Health Care
(Proprietary) Limited, Black Mountain Mining (Proprietary) Limited (BMM), Vedanta Lisheen Holdings Limited (Lisheen), Vedanta Lisheen Mining Limited, Killoran Lisheen Mining Limited, Killoran Lisheen Finance Limited, Lisheen
Milling Limited, Vedanta Exploration Ireland Limited, Lisheen Mine Partnership, Sterlite Ports Limited, Vizag General Cargo Berth Private Limited, Paradip Multi Cargo Berth Private Limited, Lakomasko B.V., MALCO Energy Limited (MALCO
Energy) (formerly known as Vedanta Aluminium), Sesa Resources Limited, Sesa Mining Corporation Limited, Bloom Fountain Limited (BFL), Goa Sea Port Private Limited, Western Cluster Limited (WCL), Maritime Ventures
Private Limited, Vedanta Star Limited (VSL), Electrosteel Steels Limited (ESL), Avanstrate Inc.(ASI), Avanstrate Korea, Avanstrate Taiwan and Ferro Alloys Corporation Limited (FACOR), FACOR Power
Limited (FPL).
Cairn India Limited (now Vedanta Limiteds - oil and gas business) merged into Vedanta Limited by way of a scheme of
arrangement and the Board of Directors of both the companies made the merger operative on April 11, 2017 (the Cairn India Merger). All references to Vedanta Limited - oil and gas business and its subsidiaries is referred to as
Cairn.
In this report, references to the ADS offering is to the initial public offering of our equity shares in the form of
American Depositary Shares (ADSs), each currently representing four equity shares, in the United States (or the US) completed in June 2007.
Unless otherwise indicated, the unaudited condensed consolidated interim financial information for the six months period ended September 30, 2019 and
2020 have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting as issued by International Accounting Standards Board (IASB), and for the fiscal year ended March 31, 2020 included
in this report has been prepared in accordance with International Financial Reporting Standards (IFRS), as issued by IASB. References to a particular fiscal year are to our fiscal year ended March 31 of that year. Our
fiscal quarters end on June 30, September 30 and December 31. References to a year other than a fiscal year are to the calendar year ended December 31.
Our unaudited condensed consolidated interim financial statements are reported in Indian Rupees or ₹ . Unless otherwise specified, translation of amounts for the convenience of the reader has been made in this report from Indian
Rupees to US dollars at the rate of ₹ 73.54 per $1.00 based on the exchange rate quoted by the Federal Reserve Bank of New York as at
September 30, 2020. No representation is made that the Indian Rupee amounts represent US dollar amounts or have been, could have been or could be converted into US dollars at such rates or any other rate. All financial information presented in
US dollars has been rounded to nearest decimal. Any amount less than US dollar 0.5 million has been presented as 0.
In this report,
references to US or the United States are to the United States of America, its territories and its possessions. References to UK are to the United Kingdom. References to India are to the Republic of
India. References to Namibia are to the Republic of Namibia. References to South Africa are to the Republic of South Africa. References to Ireland are to the Republic of Ireland. References to Sri
Lanka are to the Democratic Socialist Republic of Sri Lanka. References to UAE are to the United Arab Emirates. References to $, dollars or US dollars are to the legal currency of the United
States. References to Indian Rupees, or ₹ are to the legal currency of the Republic of India. References to
AUD, Australian dollars are to the legal currency of the Commonwealth of Australia. References to NAD or Namibian dollars are to the legal currency of Namibia. References to ZAR or
RAND are to the legal currency of the Republic of South Africa. References to ¢ are to US cents. References to RMB, Renminbi, CNY or Chinese Yuan are to the legal currency
of the Peoples Republic of China. References to JPY are to the legal currency of Japan.
References to lb are to the
imperial pounds (mass) equivalent to 0.4536 kilograms, references to mt or tons are to metric tons, references to mmt are to million metric tons, references to tpd are to tons per day, references to
tpa are to tons per annum, a unit of mass equivalent to 1,000 kilograms or 2,204.6 lb, references to mtpa are to million tons per annum, mmtpa are to million metric tons per annum, references to
wmt are to wet metric tons, references to dmt are to dry metric tons, references to oz are to ounces, with one kilogram being equivalent to 32.1507 oz and one ton equivalent to 32,151 oz, references to
mm are to millimeters, references to ha are to hectares, references to kms are to kilometers, a unit of area equal to 10,000 square meters or 107,639 square feet, references to GW are to giga watts,
references to kt are to kilo tons, references to bbls are to barrels, references to blpd are to barrels of liquid per day, references to mmboe are to million barrels of oil equivalent, references to
bboe are to billion barrels of oil equivalent, references to mmbopd are to million barrels of oil per day, references to kbopd are to kilo barrels of oil per day, references to bopd are to barrels of
oil per day, references to boepd are to barrels of oil equivalent per day, references to tcm are to trillion cubic meters, references to mmscmd are to million metric standard cubic meter per day, references to
mscf are to million standard cubic feet, references to mmscf are to million metric standard cubic feet, references to mmscfd are to million metric standard cubic feet per day, references to TWh are to
terawatt hours, references to bcf are to billion cubic feet, and references to TcRc are to treatment and refining charges. References to net oil and gas production are to the entitlement interest production of Vedanta
Limiteds - oil and gas business and its subsidiaries, in which the Ravva royalty is not netted off. References to GoI are to Government of India.
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