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Airtel’s Nxtra to procure 1,40,208 MWh renewable energy for its data centres

15 February 20243 mins read by Angel One
AmpIn Energy and Amplus Energy will set up captive solar and wind power plants of 48 MWdc and 24.3 MW, respectively for Nxtra’s data centres.
Airtel’s Nxtra to procure 1,40,208 MWh renewable energy for its data centres
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Strengthening chain of green data centre

Today, Airtel’s data centre arm, Nxtra, announced an agreement with Ampln and Amplus Energy to procure an additional 140,208 MWh of renewable energy. With this, Nxtra has enhanced its existing commitment to reducing its carbon footprint through renewable energy sources annually by ~ 99,547 tCO2e.

As per the agreement, AmpIn Energy and Amplus Energy will set up captive solar and wind power plants of 48 MWdc and 24.3 MW, respectively for Nxtra’s data centres in Tamil Nadu, Uttar Pradesh and Odisha. The 25-year agreements are in line with Nxtra’s commitment to achieving its net-zero target of 2031 and further strengthen its credentials as India’s largest chain of green data centres in the country.

This is in addition to Nxtra’s multiple other interventions to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions across its operations by 100% by FY2031. As part of these interventions, Nxtra has accelerated the adoption of green energy across all its operations, put in place energy-efficient infrastructure and processes and implemented sustainable business practices at its workplaces.

Company profile

Bharti Airtel Ltd is one of the world’s leading providers of telecommunication services with a presence in 18 countries representing India, Sri Lanka, and 14 countries in Africa. The Company’s diversified service range includes mobile, voice and data solutions, using 2G, 3G and 4G technologies.

Stock price movement

Today, the stock opened at Rs 1108.55 and has touched a high and low of Rs 1,120.70 and Rs 1,104.55, respectively. The BSE group ‘A’ stock of face value of Rs 5 touched a 52-week high and low of Rs 1,200.95 and Rs 736.20, respectively. Last one week high and low of the scrip stood at Rs 1,147.95 and Rs 1,104, respectively. The current market cap of the company is Rs 6,28,173.81 crore.

The promoters holding in the company stood at 54.57%, while Institutions and Non-Institutions held 42.30% and 3.13% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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