Cairn Oil & Gas first join UNEP for methane reduction

06 Nov 2024 CW Team

Cairn Oil & Gas, a Vedanta Group company, has signed a Memorandum of Understanding (MoU) with the United Nations Environment Programme’s (UNEP) Oil & Gas Methane Partnership (OGMP) 2.0, marking India’s first commitment by an oil and gas producer to reduce methane emissions under UNEP’s flagship programme. The partnership aligns with Cairn’s goal to decarbonise operations, advancing towards Net Zero Carbon by 2030.

Under the MoU, Cairn will implement a five-year methane reduction target and report its progress to OGMP, establishing transparent data that supports emissions management. “We are thrilled to welcome our first member from India,” said Giulia Ferrini, OGMP 2.0 Programme Manager. “We hope Cairn’s commitment will inspire other companies from the country to join OGMP 2.0 and contribute to improving methane emissions reporting and management practices in the oil and gas sector.”

Cairn’s participation in OGMP 2.0 adds to the initiative’s coverage, which encompasses over 40% of global oil and gas production. Cairn’s Chief Financial Officer, Hitesh Vaid, noted, “We are excited to join UNEP’s OGMP 2.0 to set and achieve our methane reduction targets. Our multi-faceted ESG strategy…highlights the extent of our dedication towards both the environment and India’s energy security.” Vaid reiterated Cairn’s pledge to reduce methane emissions while aiming for Net Zero by 2030.

Earlier this year, Cairn announced its acceleration toward net zero, building on its achievements in reducing gas flaring volumes by 60% over four years and optimizing processes to minimize emissions. The OGMP 2.0 framework supports the goals of the Paris Agreement and Global Methane Pledge, which targets a 30% global methane reduction by 2030.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..