Thursday, December 12, 2024

Deal signed between Vedanta Aluminum and GAIL Gas – Global News Desk

HomeBusinessDeal signed between Vedanta Aluminum and GAIL Gas - Global News Desk

Date:

Share this news:


Vedanta Aluminum Public sector gas company GAIL (India) Ltd. Has entered into an agreement with. This agreement is for the supply of natural gas to the company's smelter unit located at Jharsuguda in Odisha. The country's leading aluminum producing company GAIL (India) Ltd. GAIL Gas Limited's subsidiary company. Has signed gas sale agreement with. Vedanta Aluminum said in a statement on Wednesday that this transition to natural gas is likely to be operational by the end of next year. This is expected to reduce carbon emissions by approximately 47,292 tonnes annually.

Target of zero carbon emissions by 2050

According to the statement, Vedanta is committed to achieving net zero carbon emissions by 2050 by implementing a dual strategy. This dual strategy involves increasing the use of renewable energy and creating a 'carbon sink' through afforestation efforts. Non-Executive Director of Vedanta and Hindustan Zinc Ltd. Chairperson Priya Agarwal Hebbar said, “GAIL Gas Ltd. “Our partnership with is a testament to our commitment to reducing carbon emissions and adopting clean energy solutions.”

7.5 kilometer long pipeline will be installed

GAIL Gas Limited will install a 7.5 km long pipeline to supply approximately 32,000 standard cubic meters of natural gas per day. Its contract period will be five years when the pipeline is commissioned. Vedanta Aluminum produced 23.7 lakh tonnes of aluminum in the financial year 2023-24.

See also  Dhanteras and Diwali are the best time to buy a house, double benefit of bumper discount by booking in auspicious time - Global News Desk



Image Credit: India_Tv.

Global News Desk
Global News Deskhttps://globalnewsdesk.online
We’re thrilled to officially launch Global News Desk, your trusted source for real-time, accurate, and unbiased news from across the globe. Whether it's the latest breaking news, political developments, business trends, technological advancements, or entertainment buzz— we’ve got you covered! At Global News Desk, we believe in delivering facts that matter. Our team of experienced journalists and analysts is committed to providing in-depth coverage, insightful analysis, and diverse perspectives to help you stay informed and engaged with what’s happening around the world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Related articles