Indus Towers Limited — Important, 13-12-2024: General Updates

Indus Towers Limited has entered into a Power Purchase Agreement with JSW Green Energy Eight Limited to procure renewable energy from a solar PV plant. The company will invest approximately ₹38.03 crores, acquiring a 26% equity stake in the special purpose vehicle established for this project, aligning with their sustainability goals and commitment to renewable energy. The deal is expected to provide the company with 130 MW of renewable energy, supporting its Net Zero objectives. The completion of the agreement hinges on necessary regulatory approvals, with an indicative timeline for completion by March 2026. This strategic move reflects a positive outlook towards sustainable energy procurement and potential cost savings for the company in the long term.