Essar’s sustainability initiatives propel India’s energy transformation

New Delhi, Feb 8 : Essar, a prominent player in Indias energy landscape, is charting a new course towards sustainability.

At the recent India Energy Week, the company unveiled an ambitious plan to reshape the nations energy future.

Built upon the pillars of Decarbonisation, Decentralisation, and Digitalisation, Essars strategic vision aims to propel India towards a greener economy.

Prashant Ruia, Director of Essar Capital, talked about the companys dedication to energy transition by stating, "As India emerges as the worlds fastest-growing and third-largest economy, Essar is dedicated to fulfilling climate commitments and promoting green growth.

"

At the forefront is Essar Oil and Gas Exploration and Production Limited (EOGEPL), India’s foremost player in the coal bed methane sector, currently responsible for nearly 65% of the nations total production.EOGEPL is determined to raise its contribution to Indias overall gas output to 5% in the coming five years.

In the transportation sector, Essar is spearheading initiatives to decarbonise heavy trucks through the development of LNG and electric ecosystems, fostering a cleaner mobility sector.

Essars substantial investment of $3.6 billion emphasises its commitment to low-carbon technologies, including the construction of one of the worlds largest low carbon (blue hydrogen) plants and the worlds first Green Refinery.

Additionally, a recent deal to develop a 1 Gigawatt Green Hydrogen project in Gujarat solidifies Essars position as a frontrunner in Indias energy transition.

By pioneering eco-conscious practices and investing in innovative technologies, Essar is spearheading a greener future for the nation and also leading the charge towards a more environmentally conscious global economy.

biz/uk