Welspun Corp surges 5% after signing MoU with BP India for carbon emission mitigation

The scope of the MoU is to jointly explore carbon emission mitigation and reduction opportunities in the company’s energy, logistics, mobility, and waste management activities.

Oct 22, 2021 02:10 IST India Infoline News Service

Welspun Corp
Welspun Corp Limited has signed an MoU with BP India Pvt Ltd. on October 18, 2021. The scope of the MoU is to jointly explore carbon emission mitigation and reduction opportunities in Welspun Corp’s energy, logistics, mobility, and waste management activities.

“In line with Welspun Group’s ESG framework, Welspun Corp remains strongly committed to net-zero carbon emissions with an aim of lowering its carbon footprint in core operations through renewable energy, cleaner transport, effective energy management, water circularity, and sludge cycling bio-gas, under the company’s sustainability goals,” company said in a filing on Thursday.

The company stock was bullish on Friday and at around 2.38 pm, Welspun Corp Ltd was trading at Rs135.45 per piece up by Rs6.4 or 4.96% from its previous closing of Rs129.05 per piece on the BSE.
The scrip opened at Rs129.65 and has touched a high and low of Rs138.50 and Rs128.65 respectively.

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