Construction Infrastructure
L&T launches fourth integrated report; announces commitments for carbon and water neutrality
Larsen & Toubro reiterated its commitment to integrate ESG goals with business goals and is working hard to become a “net zero” company. The net zero company has achieved a state in which the company’s activities will not have a net impact on the climate due to greenhouse gas emissions, achieve a sustainable balance between water availability and demand, and eliminate solids sent to landfills. waste.
It released the fourth comprehensive report “Sustainable Development, Creating a Better World”, which is a comprehensive document that conveys the organization’s strategy, governance, performance and prospects in the context of the external environment and value creation. For many years, L&T has been focusing on ESG parameters such as climate management, circular economy, green products, green supply chain, employee and social welfare, employee health and safety.
Global climate change has become one of the greatest risks in the 21st century. L&T mainly operates in the construction and engineering fields that are vulnerable to climate change, incorporating climate-related policies (including NAPCC, TCFD and other similar standards) into its business. The company aims to become a leader in these fields by improving resource efficiency and protecting important natural resources.
More than 10% of the company’s total electricity consumption comes from renewable energy sources. Since 2008, the company has saved a total of 128 million kilowatt-hours of electricity, which is equivalent to the annual electricity consumption of 60,000 households. Through energy-saving measures and renewable energy, the company reduced carbon dioxide emissions by 33,500 tons in FY21.
News Source : Constructionweekonline
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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