Airtel goes green: Company to embrace recycled PVC SIM cards in partnership with IDEMIA

During Wednesday’s deals, the shares of Airtel zoomed 0.12%. The company’s current market capitalisation is Rs 6,66,277 crore.

Recent development:

The company has teamed up with IDEMIA Secure Transactions to announce a significant shift from using virgin plastic to recycled PVC for SIM cards. This move reflects Airtel’s dedication to promoting circular business practices. IDEMIA Secure Transactions, a division of the IDEMIA Group, specializes in providing payment and connectivity solutions to various sectors.

Airtel’s adoption of recycled plastic SIM cards marks a pioneering initiative in India’s telecom industry. By making this transition, Airtel aims to prevent the generation of over 165 tonnes of virgin plastic and reduce CO2 emissions by approximately 690 tonnes annually.

This transition aligns with Airtel’s ongoing commitment to sustainability by curbing greenhouse gas emissions and advocating for circularity among supplier partners and stakeholders. The goal is to inspire others to minimize waste, promote recycling, and prioritize product reuse.

Management comments

Pankaj Miglani, Director – Supply Chain, Bharti Airtel, said, “We are delighted to announce yet another first as we continue to lead the Indian telecom industry. As a brand, we endeavour to align our efforts to adopt various sustainable measures and contribute significantly towards India’s ambition to achieve net zero. Our collaboration with Idemia underscores our shared commitment to contributing to a sustainable future.”

About the company

Bharti Airtel Ltd stands as a global telecommunications leader, offering its services across 18 countries. Its footprint spans India, Sri Lanka, and 14 African nations.

Bharti Airtel Ltd’s revenue stream exhibits a clear dominance of its mobile segment, contributing a substantial 81.44% to its overall earnings. Following closely behind are business services, constituting 13.21%, while home services and digital TV services contribute 3.23% and 1.99%, respectively.

Geographically, India emerges as the primary revenue generator, commanding a significant share of 72.08%. Africa follows suit with a considerable 27.66%, highlighting Airtel’s substantial presence and operations in the region. Furthermore, the Asia Pacific region contributes a modest 0.25%.

These figures underscore Bharti Airtel’s strong foothold in the mobile telecommunications sector, particularly in its home market of India, as well as its growing influence in Africa. Such insights into the company’s revenue composition offer valuable perspectives for investors and industry analysts alike.

These figures highlight the significant contribution of mobile services, particularly in India, to Bharti Airtel’s overall revenue stream.

Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 51% in last 1 year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.