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As On 08-Dec-2022 EOD, Market Closed
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  • Bharti Airtel subsidiary partners with Bloom Energy to install fuel cell technology

    The telecom major said that its subsidiary, Nxtra Data has partnered with Bloom Energy to deploy low environmental impact fuel cell installation at its data center in Karnataka, reducing carbon emissions through a cleaner, hydrogen ready fuel supply.

    Nxtra by Airtel, a subsidiary of Bharti Airtel, offers largest network of secure, scalable, and sustainable data centres in India to leading enterprises, hyperscalers, start-ups, SMEs and governments. Nxtra Data (Nxtra) will be the first data center company in India to deploy fuel cell technology to reduce carbon emissions at its data centers while unlocking cost and sustainability benefits, the company stated. Bharti Airtel said that Nxtra plans to start the unit on non-combusted natural gas and then switch to 50% hydrogen in future without any significant investment. The natural gas-powered cells will be used for primary generation with utility electrical grid and generators as backup sources, it added.

    Speaking about the partnership, Rajesh Tapadia, COO, Nxtra by Airtel said, “Nxtra is committed to set new benchmarks in sustainability for the data center industry and play a leading role as India emerges as leading data center destination in APAC. With an ambition to reach net zero by 2031, we have embarked on our sustainability journey by making all possible efforts to adopt innovative energy solutions. Our partnership with Bloom Energy is a testament to our future-ready energy strategy to supply much cleaner energy to our data centers.”

    Tim Schweikert, senior managing director, international business development of Bloom Energy, said, “Bloom Energy's technology is distinctly capable of helping India meet its decarbonization objectives as it transitions to a hydrogen economy. We are proud to collaborate with Nxtra to support them in their pursuit of using clean, reliable and affordable power for their data centers.”

    Nxtra by Airtel has the largest network of data centers in India with 12 large and 120 edge data centers across the country and will invest over Rs 5000 crore over the next four years to expand its capacity by 3X to over 400 MW. The company has already invested and partnered with 8 organisations to develop renewable energy power plants across India to source more than 180,000 megawatt-hour (MWh) of renewable energy and is committed to achieving 50% of its power requirements through renewable energy sources in the next 12 months, the telecom major stated in the press release.

    Bharti Airtel is a global communications solutions provider with over 497 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India's largest integrated communications solutions provider and the second largest mobile operator in Africa.

    The company's consolidated net profit surged to Rs 1,606.9 crore in Q1 FY23 compared with Rs 283.5 crore in Q1 FY22. Revenue from operations jumped 22.16% to Rs 32,804.6 crore in Q1 FY23 as against Rs 26,853.6 crore posted in the corresponding quarter previous year.

    Shares of Bharti Airtel were up 0.54% to Rs 769.70 on the BSE.



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Flash News 08-Dec-2022
  •  ( 17:42) HUL forays in health & wellbeing category  
  •  ( 16:26) Bank stocks outperform as Nifty Bank hits record high  
  •  ( 16:26) Barometers end near the day's high after volatile session  
  •  ( 15:42) Ashok Leyland appoints Shenu Agarwal as CEO  
  •  ( 15:40) Trent to sell 3.22% in Tata Unistore to Tata Digital  
  •  ( 15:30) Kalpataru Power board OKs NCD issue of Rs 99 cr  
  •  ( 13:08) Kalyan Jewellers to expand retail footprint by over 30% in CY23  
  •  ( 12:34) Barometers turn range bound; Nifty hovers below 18,600; VIX down 1.91%  
  •  ( 12:09) Dredging Corporation bags reclamation dredging contract from NRL  
  •  ( 11:53) Talbros Automotive bags order worth Rs 60 crore  
  •  ( 11:13) Sun Pharma Gujarat plant gets import alert from USFDA  
  •  ( 11:09) Macrotech Developers launches QIP issue  
  •  ( 10:26) VA Tech Wabag appoints Pankaj Malhan as deputy MD & group CEO  
  •  ( 10:22) Dharmaj Crop Guard lists at Rs 266 v/s IPO price Rs 237  
  •  ( 10:12) Tvs Motor arm acquires entire stake in German co  
  •  ( 09:54) JSW Steel crude steel production jumps 16% YoY in November  
  •  ( 09:50) Eveready Inds appoints Bibek Agarwala as CFO  
  •  ( 09:39) HCL Tech tie-up with Intel and Mavenir to deliver 5G enterprise solutions  
  •  ( 09:30) Market breadth strong  
  •  ( 09:30) Barometers trade with minor cuts  
  •  ( 08:38) Most Asian stocks trading lower  
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08 December 2022 00:00
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