Indus Towers Ltd.

Indus Towers is currently trading at Rs. 401.00, up by 0.30 points or 0.07% from its previous closing of Rs. 400.70 on the BSE.

The scrip opened at Rs. 400.85 and has touched a high and low of Rs. 404.00 and Rs. 397.10 respectively. So far 58498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 460.70 on 02-Sep-2024 and a 52 week low of Rs. 292.00 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 421.30 and Rs. 384.70 respectively. The current market cap of the company is Rs. 105526.51 crore.

The promoters holding in the company stood at 50.00%, while Institutions and Non-Institutions held 44.83% and 5.16% respectively.

The Indian Institute of Technology Bombay (IIT Bombay) has signed an agreement with telecom infrastructure firm Indus Towers for two research initiatives in sustainable energy, one of the involving utilisation of agricultural waste for power storage. The research will primarily focus on advancing solar power generation and energy storage, aiming to create visionary and viable solutions.

The first initiative will be an effort to develop perovskite solar cell technology that aims at surpassing the limitations of conventional silicon photovoltaic (PV) cells. This next-generation technology will be designed to achieve higher efficiency without increasing the existing cell cost. It has extensive applications in both terrestrial and space-based solar systems, developed entirely through indigenous efforts. The second initiative under this collaboration will address another critical sustainability challenge - agricultural waste and energy storage. The project aims to develop a scalable method to convert rice straw, an abundant agricultural residue, into doped hard carbon materials.

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