Indus Towers Ltd.

Indus Towers has entered into an agreement for acquisition of 26% of the equity share capital, on a fully diluted basis, in Amplus Tungabhadra, a special purpose vehicle (SPV), for the purpose of owning and operating a Captive Power Plant, in accordance with the regulatory requirement for captive power consumption under electricity laws. Cost of acquisition is around Rs 27 crore. 

The company will consume 50 MW renewable energy from Solar PV power plant in compliance with regulatory requirement for captive power plants as per the provisions of Electricity Act, 2003 and Indian Electricity Rules, 2005. This acquisition aligns with the company’s renewable energy objectives, supporting the consumption 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.