GAIL's shares rise nearly a per cent on BSE

NEW DELHI: GAIL (India) Ltd rose 0.71% to Rs 92 apiece on the BSE on Tuesday, a day ahead of its bonus shares issue. The company in July said it would issue bonus shares at a 1:2 ratio.
Last month, it said that it has set a 2040 target to achieve net zero carbon emissions from its operations.
India, one of the world's biggest greenhouse gas emitters, is aiming to reach net zero emissions by 2070, and wants to raise the share of gas in the country's energy mix to 15% by 2030 from the current 6.2%.Globally oil and gas companies have set varying targets to reduce Scope 1 and 2 emissions, those linked to a company's own operations, and Scope 3 which are produced when customers use their products.
"In line with India's vision to achieve Net Zero by 2070, GAIL has completed a comprehensive study on science-based Net-Zero ambition and intends to achieve 100% reduction in Scope 1 and Scope 2 emissions and a 35% reduction in Scope 3 emissions by 2040," said Manoj Jain, chairman.
To cut its carbon footprint, GAIL is venturing into green hydrogen production and aims to set up 3 gigawatts of renewable energy capacity by 2030.
(With inputs from agencies)