Vedanta Plans $5B to Cut Emissions 25% by 2030

21 Jun 2024 CW Team

As part of its strategy, Vedanta aims to ramp up its renewable energy capacity significantly. By 2030, the company plans to operate 2.5 gigawatts (GW) of round-the-clock renewable energy, with 838 megawatts (MW) currently under construction. This initiative underscores Vedanta's commitment to reducing its reliance on fossil fuels and embracing sustainable energy sources.

Moreover, the company has set ambitious targets for its vehicle fleet. By 2030, Vedanta aims to decarbonize its entire light motor vehicle fleet, and achieve decarbonization of three-fourths of its mining fleet by 2035. In the previous fiscal year, Vedanta invested $210 million towards decarbonization efforts, successfully reducing carbon emissions from 7% of its light motor vehicle fleet. The company is targeting a 50% reduction in fleet emissions by the end of the current fiscal year.

Commenting on the company's approach, Vedanta highlighted ongoing measures such as promoting operational efficiency, transitioning fuel sources, and exploring opportunities for green product development. These initiatives are integral to Vedanta's broader strategy of aligning business operations with sustainable practices and global environmental goals.

India, where Vedanta operates extensively, has set a national target to achieve net carbon neutrality by 2070. Vedanta's proactive stance and substantial investment in carbon reduction initiatives are expected to contribute significantly towards advancing India's climate goals while enhancing the company's long-term sustainability credentials.

The $5 billion investment plan underscores Vedanta's commitment to leading the charge towards a low-carbon future, positioning itself as a frontrunner in sustainable practices within the natural resources sector. As the world increasingly prioritizes climate action, Vedanta's ambitious targets and substantial investments are poised to set a benchmark for corporate sustainability efforts globally.

In a bold move towards sustainability, Vedanta Ltd has outlined plans to invest $5 billion over the next decade in efforts aimed at cutting its carbon emissions by 25% by 2030. The natural resources major, which envisions achieving net carbon neutrality by 2050, disclosed these ambitious targets in its annual report for the fiscal year 2023-24. As part of its strategy, Vedanta aims to ramp up its renewable energy capacity significantly. By 2030, the company plans to operate 2.5 gigawatts (GW) of round-the-clock renewable energy, with 838 megawatts (MW) currently under construction. This initiative underscores Vedanta's commitment to reducing its reliance on fossil fuels and embracing sustainable energy sources. Moreover, the company has set ambitious targets for its vehicle fleet. By 2030, Vedanta aims to decarbonize its entire light motor vehicle fleet, and achieve decarbonization of three-fourths of its mining fleet by 2035. In the previous fiscal year, Vedanta invested $210 million towards decarbonization efforts, successfully reducing carbon emissions from 7% of its light motor vehicle fleet. The company is targeting a 50% reduction in fleet emissions by the end of the current fiscal year. Commenting on the company's approach, Vedanta highlighted ongoing measures such as promoting operational efficiency, transitioning fuel sources, and exploring opportunities for green product development. These initiatives are integral to Vedanta's broader strategy of aligning business operations with sustainable practices and global environmental goals. India, where Vedanta operates extensively, has set a national target to achieve net carbon neutrality by 2070. Vedanta's proactive stance and substantial investment in carbon reduction initiatives are expected to contribute significantly towards advancing India's climate goals while enhancing the company's long-term sustainability credentials. The $5 billion investment plan underscores Vedanta's commitment to leading the charge towards a low-carbon future, positioning itself as a frontrunner in sustainable practices within the natural resources sector. As the world increasingly prioritizes climate action, Vedanta's ambitious targets and substantial investments are poised to set a benchmark for corporate sustainability efforts globally.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..