Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company, has signed a landmark Memorandum of Understanding (MoU) with Mumbai Port Authority (MbPA) and Mumbai Port Sustainability Foundation (MPSF) to establish a state-of-the-art green fuel ecosystem at Mumbai Port.
The MoU is a pivotal step towards driving India's transition to cleaner energy solutions. By focusing on green fuel innovations, this initiative aims to significantly reduce greenhouse gas emissions, contributing to the country's climate change goals. BPCL, MbPA, and MPSF are dedicated to pioneering sustainable practices that align with India's commitment to environmental stewardship.
The MoU was signed in the presence of Mr. G. Krishnakumar, Chairman and Managing Director, BPCL, Mr. Rahul Tandon, Business Head (I&C), BPCL, and Sh. Rajiv Jalota, Chairperson, Mumbai Port Authority. The agreement was formalized during the launch of the Cruise Bharat Mission, which was inaugurated by Mr. Sarbananda Sonowal, Honorable Minister of Ports, Shipping, and Waterways, Government of India.
Shri G. Krishna Kumar, Chairman & Managing Director, BPCL stated, "This MoU is consistent with BPCL's plans towards a sustainable tomorrow alongside our own aspiration to achieve net zero emissions in Scope 1 and Scope 2 by 2040. Enabling sustainable energy solutions like LNG and EV for the maritime sector is part of our endeavour to demonstrate social responsibility & partnering for our sustainable growth with that of the communities we serve."
Shri Rahul Tandon, Business Head (I&C), BPCL during the MoU remarked, "Our partnership with MbPA is a testament to BPCL's strategic vision of advancing the sustainable fuels business. By leveraging LNG and green energy infrastructure, we aim to reshape the future of maritime operations. This collaboration reflects our commitment to driving innovation in fuel solutions that not only reduce carbon emissions but also create long-term value for the environment and the industry."
As part of the initiative, BPCL and MbPA will collaborate to introduce Electric Vehicle (EV) charging stations at Mumbai Port, promoting green energy adoption for port users and the general public. Additionally, the MoU outlines an exploration into the conversion of diesel-powered vessels to cleaner fuel alternatives, further enhancing the port's green infrastructure and reducing its carbon footprint.
The agreement also includes provisions for waste management, as BPCL and MPSF will work on systems for source segregation, storage, and handling of recyclable and non-recyclable solid waste at Mumbai Port. This initiative promotes socially responsible practices, ensuring a cleaner and more sustainable operational environment.
This collaboration exemplifies the use of innovative technologies and solutions to drive research and development in the energy sector. BPCL's leadership in this space reinforces its role in shaping India's sustainable future, making Mumbai Port a model of environmental responsibility for ports nationwide.
This MoU further solidifies BPCL's position as a leader in India's energy transition. By embracing sustainable practices and pioneering green fuel innovations, BPCL continues to drive the nation toward a cleaner, greener future. As part of its long-term vision, BPCL remains dedicated to reducing environmental impact, investing in renewable energy solutions, and contributing to India's global sustainability commitments.
Shares of Bharat Petroleum Corporation Limited was last trading in BSE at Rs. 368.00 as compared to the previous close of Rs. 369.80. The total number of shares traded during the day was 575154 in over 8788 trades.
The stock hit an intraday high of Rs. 373.45 and intraday low of 364.15. The net turnover during the day was Rs. 211568773.00. |
