Cairn Oil & Gas Cuts 229000 Tonne Carbon aims for Net Zero by 2030

26 Dec 2024 CW Team

Cairn Oil & Gas, a part of the Vedanta Group, announced in its FY’24 Sustainability Report that it had reduced carbon emissions by 229,000 tonnes over the past four years and is ramping up efforts to achieve Net Zero by 2030. Hitesh Vaid, the Chief Financial Officer of Cairn Oil & Gas, stated that the company remains committed to sustainable transformation in the energy sector as it celebrates 30 years of energizing India.

In FY’24, Cairn invested Rs 740 million in emission reduction initiatives and completed feasibility studies for Carbon Capture, Utilisation, and Storage (CCuS) at its Aishwariya Barmer Hills operations. Priya Agarwal Hebbar, Non-Executive Director of Vedanta, mentioned that the company's focus is on aligning economic ambitions with environmental and social responsibilities.

The company also reported a 60 per cent reduction in gas flaring volume and maintained a 96 per cent water recycling rate, exceeding global standards. Its community initiatives in FY’24 impacted 24.9 million lives, bringing the total social impact to 192 million over four years. Cairn’s E-kaksha program benefited 23.5 million students, surpassing its 2030 target of 9 million.

Vaid highlighted that Cairn’s initiatives reflect its efforts to transform the energy sector responsibly while uplifting communities and creating shared value. Additionally, Cairn signed agreements to plant one million trees as part of its goal to plant two million trees by 2030.

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..

Dubai Property Sales Rise as Rental Activity Hits Record High

Dubai's real estate market recorded its highest-ever monthly rental activity in June, while property sales rose sharply in both value and volume, reflecting sustained demand across the emirate's residential and commercial sectors.According to a market analysis by fäm Properties based on DXBinteract data, 40,022 rental contracts were registered during the month, the highest monthly total on record. New rental contracts increased 48.6 per cent year on year to 19,245, while renewals rose 28.5 per cent to 20,777.Property sales reached 13,933 transactions worth AED33.2 billion in June, representin..

Isprava Partners Courtside to Launch Luxury Padel Experience

Luxury home developer Isprava has partnered with Courtside, Mumbai's first padel social club, to launch The Isprava Court, integrating its design-led lifestyle proposition with one of the city's emerging sporting destinations.Located on the rooftop of Atria Mall in Worli, Courtside spans 20,000 sq ft and combines padel, wellness, hospitality and community experiences. Since opening in February 2026, the venue has positioned itself as a social hub for sports and lifestyle enthusiasts.The Isprava Court features curated brand elements, including bespoke court branding, branded nets, towels and ac..