GAIL (India) Ltd Accelerates Net Zero Emissions Goal to 2035 with Focus on Green Initiatives
Key Ideas
  • GAIL (India) Ltd has moved up its target for achieving net zero emissions to 2035, aligning with India's broader Net Zero commitments.
  • The company is implementing various eco-friendly strategies such as electrification, renewable energy, green hydrogen, and afforestation to reach its sustainability goals.
  • GAIL is focusing on reducing emissions in its operations and has already commissioned a green hydrogen plant in Madhya Pradesh for sustainable fuel production.
  • India's public sector energy firms, including GAIL, are aiming for net zero emissions in line with the country's 2070 net zero carbon emissions target.
GAIL (India) Ltd, the leading natural gas supplier in India, has decided to speed up its efforts to achieve net zero emissions by advancing the target to 2035, five years earlier than initially planned. The company is committed to adopting a range of green initiatives like electrification, renewable energy, battery energy storage systems, compressed biogas, green hydrogen, and afforestation to reach its sustainability objectives. Sandeep Kumar Gupta, the chairman and managing director of GAIL, emphasized the importance of natural gas as a cleaner fuel in reducing emissions across industries. Additionally, GAIL has set up a green hydrogen plant in Madhya Pradesh to produce hydrogen for its processes and retail customers. Alongside, the company is investing in solar power facilities at its Vijaipur plant to source renewable energy. This move by GAIL is part of the larger trend among India's public sector energy companies to set ambitious net zero emissions goals in alignment with the country's target of achieving net zero carbon emissions by 2070. The positive response from the market was evident with GAIL's shares closing higher on the stock exchange. The company's proactive approach towards sustainability and green energy signifies a significant step towards environmental conservation and meeting global climate targets.
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