NMDC shares rally 2% after company sets target to achieve net-zero operational emissions by 2047
NMDC shares rallied up to 2% on Monday to Rs 80.85 after setting a target to achieve net-zero operational emissions by 2047. Covering Scope 1 and Scope 2 emissions, the roadmap spans three phases focusing on renewable energy, fleet electrification, energy efficiency, and low-carbon logistics to reduce operational emissions by 90%.
NMDC shares experienced a 2% increase on Monday, reaching a peak of Rs 80.85, following the company's announcement of a target to achieve net-zero operational emissions by 2047. This commitment encompasses Scope 1 emissions from direct fuel consumption and Scope 2 emissions from electricity use. The company disclosed this decision as part of its dedication to progressively lower its carbon footprint and adopt more environmentally friendly mining practices.
The net-zero roadmap, which is divided into three phases, includes strategies such as energy efficiency, renewable energy integration, electrification, low-carbon fuels, Carbon Capture, Utilisation and Storage (CCUS), and demand-side management.
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