Indus Towers To Buy 26% In JSW Green Energy Eight For ₹380.4 Million 

Indus Towers Ltd. said late Thursday it will acquire a 26% stake in JSW Green Energy Eight Ltd. for ₹380.4 million, marking a strategic move towards sourcing more renewable energy to power its operations.

The investment will help Indus Towers procure green energy from a solar photovoltaic plant being developed by JSW Green Energy Eight—a special purpose vehicle incorporated in October last year to engage in the generation, supply, and sale of renewable power.

“This acquisition aligns with the company’s renewable energy objectives, supporting the procurement of green energy and advancing its Net Zero goals,” Indus Towers said in a filing to exchanges.

The move is part of Indus Towers’ broader sustainability roadmap as the telecom infrastructure company looks to reduce its carbon footprint while ensuring a cleaner energy mix to support its tower operations across India.