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Indus Towers enters into power purchase agreement with JSW Green Energy Eight

13 Dec 2024 Evaluate

Indus Towers has entered into a Power Purchase agreement with JSW Green Energy Eight, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode. In connection with this, the Company will also enter into an agreement for a proposed investment of around Rs 38.03 crore, through the subscription to equity shares of the SPV, in accordance with the provisions of the Electricity Act, 2003, the Indian Electricity Rules, 2005, Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022 and amendments thereof.

The Company will receive 130 MW renewable energy from Solar PV power plant. This acquisition aligns with the Company’s renewable energy objectives, supporting the procurement of sustainable energy and advancing its Net Zero goals.

Indus Towers is a telecom tower infrastructure service provider that deploys, owns and manages telecom towers and communication structures, for various mobile operators.

Indus Towers Share Price

405.90 -6.45 (-1.56%)
20-Apr-2026 16:59 View Price Chart
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Company Name CMP
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