Indus Towers said that it has made the decision to enter the electric vehicle (EV) charging market.
“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,” the company said in a stock exchange filing, in line with the Government of India’s emphasis on EV adoption and infrastructure augmentation.
According to the company, prototype EV charging stations have already been installed in Bengaluru and Gurugram.
By utilizing its experience in managing and supplying space, power, and operations and maintenance (O&M) for smooth operation and efficiency, the company is well-positioned to contribute to the EV charging infrastructure sector, according to Indus.
According to the company, the decision is consistent with its strategy to augment its long-term expansion by means of pertinent adjacent business prospects.
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