GAIL advances it's Net Zero Target for Scope-I andScope-2 GHG Emissions to 2035

GAIL Board accorded approval to advance its Net Zero target for Scope-I & 2 emissions by five (05) years, from the year 2040 to year 2035. This decision follows an extensive study undertaken by GAIL to enhance its sustainability goals and align with India's broader Net Zero commitments. GAIL plans to achieve this ambitious goal through a strategic approach involving Electrification of NG based equipments, Renewable Energy, Battery Energy Storage Systems (BESS), CompressedBiogas (CBG), Green Hydrogen, CO2 Valorization initiatives and afforestation.

Shri Sandeep Kumar Gupta, C&MD mentioned that GAIL as such, is in the business of marketing and transmission of Natural Gas, which is a cleaner fuel that aids in reducing emissions of various industries and end-consumers. Additionally, GAIL is undertaking various measures to reduce emissions within its own operations, contributing to a cleaner environment. By advancing its emission reduction targets to 2035, GAIL reaffirms its role as a trailblazer in India's energy landscape, driving sustainable development and contributing significantly to India's Net Zero emission target.

Shri R K Singha!, Director (BD) speaking on the occasion, emphasized GAIL's sustained and focused efforts towards realizing these targets, highlighting GAIL's pivotal role in the energy sector's transition towards sustainability. The revised target underscores GAIL's proactive stance in mitigating climate change impacts and contributing towards a cleaner environment.

GAIL, a Maharatna company under the Ministry of Petroleum & Natural Gas, is India's Natural Gas leader.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 219.50 as compared to the previous close of Rs. 217.90. The total number of shares traded during the day was 1301933 in over 8197 trades.

The stock hit an intraday high of Rs. 223.10 and intraday low of 217.90. The net turnover during the day was Rs. 287857881.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 NetZeroTarget Scope GHGEmissions