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Tuesday 9 November 2021

Company Updates 9.11.21

Wipro Partners with DriveNets to Accelerate Innovation for Communication Service Providers

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, is partnering with DriveNets, a leader in cloud-native networking software and network disaggregation solutions, to transform how communication service providers (CSPs) build next-generation networks. Combining DriveNets’ disaggregation solutions with Wipro FullStride Cloud Services’ expertise in consulting, ecosystem orchestration, and business transformation, the partnership will enable CSPs to leverage the cloud for growth and realize operational efficiencies

A growing number of CSPs now look to digital and cloud-based solutions to simplify their network’s operational model, improve profitability, and accelerate both scaling and innovation. Wipro will leverage DriveNets Network Cloud, an advanced carrier-grade network infrastructure software, to help CSPs adopt an architectural model similar to cloud hyperscalers. This will enable CSPs to improve their network economics and accelerate service innovation.

“The partnership with DriveNets allows both organisations to play to their strengths while unlocking new possibilities for CSPs. Using technology from Wipro and DriveNets, CSPs can leverage cutting-edge disaggregated networks that meet their current and future needs while catering to increasingly digitized business and consumer segments,” said Anurag Shrivastava, General Manager and Global Practice Head of Network Services, iDEAS, Wipro Limited.

“Bringing together the strengths of each company, DriveNets and Wipro will be able to streamline the deployment of DriveNets Network Cloud solutions. Together, we offer the most effective way to build and scale networks while significantly reducing the hardware requirements and accelerating innovation,” said Ido Susan, CEO, DriveNets.

Network Cloud includes an open ecosystem that features elements from leading silicon vendors and ODMs, certified by DriveNets and empowered by Wipro. The partners are already actively engaged with leading CSPs on joint projects.

Adani companies AGEL & ATL declare Energy Compact Goals as part of COP26

Aim to provide affordable and clean energy by 2030

Adani Green Energy Ltd (AGEL) the world's largest solar power developer, and Adani Transmission Ltd (ATL), India’s largest private sector power transmission and retail distribution company, have declared their Energy Compact Goals as part of COP26, primarily adhering to Sustainable Development Goal 7 (SDG 7).

SDG 7 defines a set of goals to be achieved by 2030. The companies are to ensure universal access to affordable, reliable, and modern energy services and increase substantially the share of renewable energy in the global energy mix.

Both AGEL and ATL have centered their business strategy around the achievement of SDGs across all their activities, with SDG 7 as the cornerstone. 

AGEL’s and ATL’s commitment will also support the targets taken by the Government of India and its commitment to the UN Energy Compact. India has committed to increase the installed capacity of renewable energy to 450 GW by 2030 and to the Production Linked Incentive Scheme (PLI) to add 10 GW solar PV manufacturing capacity by 2025. India has also committed to ‘enhance energy efficiency in agriculture, buildings, industry and transport sectors and promote energy-efficient appliances/equipment to reduce India's emissions intensity of GDP’.

AGEL has set a target of achieving 45 GW renewable energy capacity by 2030, with the average tariff below the Average Power Purchase Cost (APPC) at the national level. Further, AGEL will invest $20 billion in renewable energy development over the next decade and develop a 2 GW per year solar manufacturing capacity by FY 2022-23

ATL is on course to increase the share of renewable power procurement from the current 3% to 30% by FY 2023 and to 70% by FY 2030 through its utility subsidiary in Mumbai and reduce its carbon intensity on per unit of revenue basis to support SDG 13 for Climate Change Mitigation. ATL’s role as a transmission provider and distributor of energy is also in line with SDG 11 on Sustainable Cities and Communities, as it provides resilient infrastructure and ensures community access to a consistent and secure power supply.