Investment13 Dec 2024, 01:52 pm
Indus Towers Enters into Power Purchase Agreement with JSW Green Energy for Renewable Energy Procurement
AI Summary
Indus Towers Limited has entered into a Power Purchase Agreement with JSW Green Energy Eight Limited for the procurement of renewable energy from a Solar PV plant. The agreement is under the captive mode, and the company will also invest approximately Rs 38.03 crores in the SPV. This investment aligns with the company’s renewable energy objectives, supporting the procurement of sustainable energy and advancing its Net Zero goals.
Key Highlights
- Indus Towers enters into a Power Purchase Agreement with JSW Green Energy
- The agreement is for the procurement of renewable energy from a Solar PV plant
- The company will invest approximately Rs 38.03 crores in the SPV
- This investment aligns with the company’s renewable energy objectives
- The agreement supports the procurement of sustainable energy and advances Indus Towers' Net Zero goals