Indus Towers signs pact with IOC Phinergy for clean energy systems PSU Watch
News Updates

Indus Towers signs pact with IOC Phinergy for clean energy systems

Indus Towers and IOC Phinergy have signed a pact for the deployment of 300-zero emission energy systems to optimise diesel consumption at Indus telecom tower sites

PTI

New Delhi: Indus Towers and IOC Phinergy (IOP) have signed a pact for the deployment of 300 zero-emission energy systems to optimise diesel consumption at Indus' telecom tower sites. "Indus Towers Limited and IOC Phinergy (IOP) Private Limited have signed an agreement for the deployment of 300 zero-emission energy systems based on aluminium-air technology, to optimise diesel consumption at Indus' telecom tower sites," a press release said on Saturday.

This move will accelerate Indus Towers' progress towards its sustainability priorities, the release said.

Indus Towers' CEO Prachur Sah said, "As part of the company's ESG vision, Indus Towers believes in nurturing environmental stewardship, being socially responsible and having robust governance."

"Indus Tower's agreement with IOP is a testimony of the company's commitment to build eco-friendly telecom tower sites by investing in solutions for resource optimisation," Sah added.

IOP is a joint venture company formed by IOCL and Phinergy Limited, Israel to manufacture, sell and service aluminium-air systems using Phinergy's technology in India, the statement concluded.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

MNRE offers up to 50% capex support for industrial solar thermal pilots

Sri Lanka's fuel distributors ask Dissanayake to intervene as Lanka IOC, Sinopec cut diesel deliveries

BHEL Board okays Rs 65 crore investment in JV NTPC BHEL Power Projects

BoB's new mobile app to help customers make payments using voice commands

Centre's ethanol policy could cause financial strain for sugar-based units in Maharashtra: Tope