Indus Towers Limited — JV/Acquisition, 22-05-2025: Acquisition

Indus Towers has announced a board meeting on acquiring a 26% stake in JSW Green Energy Eight Limited for around Rs 38 Cr. This move secures renewable power from a Solar PV plant, aligning with Indus’s green energy and Net Zero goals. By locking in captive clean energy, Indus aims to reduce costs and boost its ESG profile, enhancing operational efficiency through sustainable power integration. This acquisition strengthens Indus’s commitment to sustainability while potentially lowering its energy expenses.