Indus Towers announces plan to foray into EV charging business – ET Auto

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Indus Towers Thursday said it has decided to foray into the electric vehicle (WV) charging business.

“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 and received the approval of its Board of Directors for the same subject to prudential framework,” Indus Towers said in a stock exchange filing.

The company said it 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,” Indus said.

The company said the move is in line with the its plan to supplement its long-term growth through relevant adjacent business opportunities.
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