Indus Towers plans a foray into the EV charging infrastructure

 

  • Indus Towers plans a foray into the EV charging infrastructure
  • Aligning with the Government of India's emphasis on Electric Vehicle (EV) adoption and infrastructure augmentation
  • Indus Towers Limited, India's leading telecom tower infrastructure provider, has Decided to pursue suitable business opportunities in the Electric Vehicle (EV) charging infrastructure sector
  • Received the approval of its Board of Directors for the same subject to prudential framework. 
  • The Company has already launched pilot EV charging stations in Gurugram and Bengaluru. 
  • The Company is well positioned to contribute to the EV charging infrastructure sector by leveraging its expertise in managing and providing space, power, and operations and maintenance (O&M) for seamless operation and efficiency. 
  • This is in line with the Company’s plan to supplement its long-term growth through relevant adjacent business opportunities.
  • Indus Towers Limited is India’s leading provider of passive telecom infrastructure, and it deploys, owns and manages telecom towers and communication structures, for various mobile operators. 
  • The Company’s portfolio of 234,643 telecom towers makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. 
  • Indus Towers caters to all wireless telecommunication service providers in India. 
  • The Company has been the industry pioneer in adopting green energy initiatives for its operations.  

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