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
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?