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 JSW Green Energy Eight, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode 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 renewable energy from Solar PV power plant. This acquisition aligns with the Company’s renewable energy objectives, supporting the procurement of green energy and advancing its Net Zero goals. Cost of acquisition is around Rs 38.04 crore. The said acquisition is expected to be completed by July 2026. 

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