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Indus Towers surges on inking MoU with NTPC Green Energy
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Indus Towers is currently trading at Rs. 355.10, up by 10.50 points or 3.05% from its previous closing of Rs. 344.60 on the BSE.
The scrip opened at Rs. 343.75 and has touched a high and low of Rs. 357.60 and Rs. 337.00 respectively. So far 576264 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 357.60 on 19-Apr-2024 and a 52 week low of Rs. 135.80 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 357.60 and Rs. 320.85 respectively. The current market cap of the company is Rs. 92867.53 crore.
The promoters holding in the company stood at 69.00%, while Institutions and Non-Institutions held 27.79% and 3.21% respectively.
Indus Towers has signed Memorandum of Understanding (MoU) with NTPC Green Energy (NGEL) to address the need for pacing green energy objectives and the Government of India’s efforts towards carbon neutral economy.
The MoU is to explore a joint development of grid connected Renewable Energy based Power Projects including Solar, Wind, Energy storage etc. and/or solutions thereof. Indus Towers aims to expand its renewable energy portfolio in a phased manner to Giga Watt scale capacity, for its business operations spread across the country, as a part of its Net Zero commitments.
Indus Towers is a telecom tower infrastructure service provider that deploys, owns and manages telecom towers and communication structures, for various mobile operators.
