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

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

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.

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.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?