Bharti Airtel Owned Telecom Company Acquires 26 Per Cent Stake in Solar Venture JSW Green Energy Eight Limited to Accelerate Green Energy Shift
Indus Towers has delivered a 1-year return of 13.08 per cent and a 3-year return of 92.75 per cent.
Indus Towers Limited has made a strategic move in its sustainability journey by announcing the acquisition of a 26 per cent equity stake in JSW Green Energy Eight Limited. The special purpose vehicle (SPV) is focused on generating renewable energy through a Solar Photovoltaic (PV) plant. This acquisition aligns with Indus Towers’ long-term environmental goals and will enable it to source green energy in captive mode to power its telecom infrastructure. Valued at approximately Rs 38.04 crore, the deal is expected to be completed by July 2026, subject to regulatory approvals.
This initiative is part of the company’s broader strategy to achieve its Net Zero goals while expanding its renewable energy portfolio. By reducing its carbon footprint and diversifying energy sources, Indus Towers aims to solidify its position as a responsible and future-ready infrastructure provider. The acquisition also underscores the company's commitment to innovation and cost optimization through cleaner energy solutions.
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Indus Towers Limited, a key player in India’s telecom infrastructure sector, operates a vast network comprising over 2,11,775 towers and 3,60,679 co-locations across all 22 telecom circles. The company primarily serves wireless telecommunication service providers, with Bharti Airtel and Vodafone Idea Limited (VIL) being significant contributors to its revenue. Through long-term service contracts, the company ensures stable cash flows while focusing on enhancing operational efficiencies.
The company has shown consistent financial performance, with a current market capitalisation of Rs 1,02,348 crore. As of May 22, 2025, its stock is trading at Rs 383.95, with a 52-week high of Rs 458.5 and a 52-week low of Rs 307.45. Indus Towers has delivered a 1-year return of 13.08 per cent and a 3-year return of 92.75 per cent, indicating strong investor confidence. The Price-Earnings (PE) ratio stands at 10.31, reflecting reasonable valuation levels within the Large-Cap segment.
To support the nationwide 5G rollout and further enhance its digital transformation, Indus Towers has outlined a planned capital expenditure of around Rs 9,500 crore for FY24. The investment includes upgrades such as micro data centers and integrated digital solutions. The company is also actively working on integrating solar energy into its tower operations, an innovation that reduces both operational costs and environmental impact.
Indus Towers continues to focus on sustainability, digital innovation, and network expansion—key pillars that could potentially make it an attractive long-term prospect in the infrastructure space.
Disclaimer: The article is for informational purposes only and not investment advice.