Here is a snapshot of our economic performance across the stakeholder spectrum.

We complemented the benefits of better market conditions by maintaining tight financial discipline. Our cost savings programme continued to drive down costs intelligently and safely, while continuing to optimise our plant productivity and achieving material efficiencies across the supply chain.

We believe in the philosophy of working and growing with our investors. During the year, total shareholders' return was 150%. We recently announced a new dividend policy at Vedanta Limited and earlier in the year at Zinc India. In FY 2015-16, we set a target to deliver cost and marketing savings of US$1.3 billion, and we have already delivered cumulative savings of US$814 million over the past 24 months.

In FY 2016-17, our revenue stood at US$11.5 billion compared with US$10.7 billion in FY 2015-16 - a growth of 7%. EBITDA for FY 2016-17 improved by 37% to US$3.2 billion.

This was primarily driven by firmer prices, the ramp-up at our Aluminium and Power businesses, restarting of operations at Iron Ore and cost efficiencies across the business

Vedanta businesses have regularly and consistently announced dividends as it gives a powerful message to shareholders on prospects and performance of the organisation. With a strong operational performance and a supportive market environment, we delivered encouraging numbers for FY 2016-17.

With over 70,000 employees, Vedanta is not only a natural resources company but also a human resources company.

Constructive, lasting relationships are built on the values of trust and goodwill. To continue maintaining a cordial relationship with the community and the wider society, we regularly evaluate our impact on the host communities, understand community expectations from us and find means to meet these expectations.

The remoteness of our operations does not hamper the way we work for the society. We continue to generate employment, develop infrastructure and take up social interventions. We have taken comprehensive steps towards improving our performance on safety, health, the environment and community development, that has earned the license to operate from local and national governments, as well as the communities around our operations. We work to enhance the infrastructure of the nearby villages through Private-Public Partnerships. These projects are identified by the community, brought to our notice by the local panchayats and village development committees and owned by the community collectively

We have been focusing on children's well-being and education through our programmes such as Nand Ghar, women empowerment with the help of Subhalaxmi and Sakhi projects, health through construction of hospitals and conducting mobile health camps, skill enhancement through vocational courses, and farming and animal husbandry through various projects.

Mining companies that effectively manage supply chain significantly improve their profitability, productivity and product quality. At Vedanta, where supply chain management affects both, upstream and downstream, supply chain management is a material issue which directly impacts our business. Managing it therefore is important not only from the risk point of view but also as an opportunity to demonstrate our commitment to the communities where we operate.

Local sourcing further helps in improving the skills of the suppliers and improvement in the local infrastructure. We have an established Supplier Code of Conduct, Supplier and Contractor Management Policies, Supplier Screening Checklist that encourage business partners and suppliers to adopt principles and practices comparable to our own.

The Supplier Screening Checklist, which is used by our operations to screen and evaluate contractor compliance includes key aspects on legal compliance, HSE management, labour management, human rights and child labour. This checklist is used by operations to screen suppliers and contractors as part of a prequalification process prior to awarding work.

Technology is changing the natural resources sector in a major way. It has not only increased operational efficiency and productivity, but also led to better safety of individuals associated with working in the sector.

At Vedanta, technology is being considered as one of the answers for major challenges such as sustained competitiveness and productivity, innovation across existing operations and exploration sites, and capital management.

We are also actively incentivising our people to contribute their own ideas. One example is Eureka, our new digital platform to nurture and incubate house innovation and technology, which is currently being embedded throughout the business.