According to economictimes.indiatimes.com, NMDC shares rallied 2% on Monday to a day’s high of Rs 80.85, following its announcement of a net-zero target for operational emissions by 2047.
Phased decarbonisation roadmap
The company’s net-zero roadmap is structured across three distinct phases: a short-term phase covering FY 2026 to FY 2030, a medium-term phase from FY 2030 to FY 2040, and a long-term phase extending from FY 2040 to FY 2047. Under this framework, NMDC plans to progressively implement six key strategies — energy efficiency, renewable energy integration, fleet electrification, adoption of low-carbon fuels, Carbon Capture, Utilisation and Storage (CCUS), and demand-side management.
The initial transition will prioritize energy efficiency, renewable energy adoption, and electrification, while deeper decarbonisation measures and emerging technologies will be deployed in later stages. As part of the pathway, NMDC has set an overall target of a minimum 90% reduction in operational emissions, with residual emissions addressed through offsetting measures as the roadmap advances.
Green logistics and infrastructure upgrades
Beyond Scope 1 and Scope 2 emissions, NMDC’s logistics infrastructure is integral to its decarbonisation strategy. The upcoming slurry pipeline project is expected to provide a greener downstream transportation solution by reducing reliance on conventional transport and associated warehousing requirements. Additionally, NMDC plans to increase iron ore movement via rail freight, supported by the doubling of railway lines and other supply infrastructure being developed around its operations.
Greater use of rail transportation is projected to lower the carbon intensity linked to mineral movement. The company has already commissioned a 10.5 MW wind energy facility at Chitradurga and installed solar power across multiple projects to reduce dependence on conventional energy sources.
Share price performance
In the last one month, NMDC shares fell 5% and are down nearly 4.09% year-to-date. Over the past year, the stock has gained 4.85%; over three years, it has risen 67.24%; and over five years, it has climbed 74.32%.
Source: economictimes.indiatimes.com
Compiled from international media by the SCI.AI editorial team.
