Indus Tower to invest Rs 400 cr on energy saving this fiscal

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New Delhi | Published: May 6, 2016 4:30:31 AM

Telecom infrastructure major Indus Tower today said it plans to invest about Rs 400 crore on energy savings on mobile base stations.

Telecom infrastructure major Indus Tower today said it plans to invest about Rs 400 crore on energy savings on mobile base stations.

“We now have 50,641 sites as green out of portfolio of about 1.2 lakh sites which is what we committed last year. This financial year we plan to invest around Rs 400 crore on energy savings,” Indus Towers Chief Executive Officer Bimal Dayal told PTI.

He said that by going green, the company has been able to save 25-30 per cent on energy cost.

Talking about growth of the Indus Towers, Dayal said that the company continues to expand presence in the country based on requirement of its customers.

“We continue to grow organically and we are open for inorganic expansion depending on the right opportunity and in line with our customer demand,” Dayal said.

Indus Tower Chief Sales and Marketing Officer Sameer Sinha said that company installed additional 5,000-6,000 regulator mobile sites in last fiscal and expansion in current fiscal will not be less than this.

“In terms of revenue we have grown from Rs 14,975 crore in 2014-15 to Rs 16,104 crore in 2015-16. We expect growth in this fiscal will be around similar range,” Sinha said.

Bharti Infratel and Vodafone hold 42 per cent stake each in Indus Tower and rest is held by Aditya Birla Telecom.

Sinha said that portfolio of customers having healthy balance sheet has kept company’s growth momentum.

“We have our 75-80 per cent housing 3G and 4G antennas. We are now looking at new form factors in addition to regular base stations. These will be small towers. Indus is also putting BTS on pillars of metro station,” Sinha said.

The company has 2.7 lakh tenants paying to it for using its mobile sites.

“Now we are seeing opportunities in new segment of Smart Cities. Indus is exploring possibility to be part of building Smart Cities as it will require robust telecom network infrastructure,” Sinha said.

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