Indus Towers, India’s leading telecom tower company, saw its share price rise by over 2% to ₹358.50 on the Bombay Stock Exchange (BSE) after announcing a major investment in renewable energy. The company has acquired a 26% equity stake in Amplus Tungabhadra Private Limited, a special purpose vehicle (SPV) focused on solar power, for ₹27 crore.
This investment will enable Indus Towers to own and operate a 50 MW solar photovoltaic (PV) captive power plant. The move is part of the company’s strategy to comply with India’s electricity regulations for captive power consumption while boosting its long-term energy efficiency.
The decision aligns with Indus Towers’ commitment to sustainability and its goal of achieving Net Zero emissions. By securing access to renewable power, the company aims to reduce its carbon footprint while ensuring more stable and cost-effective energy consumption.
Financial Success Reflects Strong Growth
Indus Towers’ investment comes on the back of impressive financial performance. In the quarter ending December 2024, the company reported:
- Revenue: ₹7,547 crore (a 4.8% year-on-year increase)
- EBITDA: ₹6,997 crore (up 93.2% year-on-year)
- Net Profit: ₹4,003 crore (a staggering 159.9% year-on-year increase)
This significant growth highlights Indus Towers’ operational efficiency and strategic planning, with renewable energy investments poised to further enhance profitability.
What’s Next for Indus Towers?
By investing in solar power, Indus Towers is ensuring long-term sustainability while also lowering its reliance on conventional energy sources. The move is expected to bring not just environmental benefits but also financial gains through reduced energy costs.
Investors have shown strong confidence in this decision, reflected in the rising stock prices. As India shifts further toward green energy, Indus Towers’ proactive approach could position it as a leader in both telecom infrastructure and sustainability.
