ITIndus Towers534816Telecom towers infrastructure

Indus Towers CEO Prachur Shah said the company has 50,000 telecom sites running on solar power, with plans to double to 1 lakh by FY29, and detailed tower demand and Africa expansion plans

By ScoutQuest · Wed 4 Nov 2026, 8:58 AM IST · 1 min read

Diesel consumption reduction H1

11 percent

Distributed solar capacity

300 megawatt

Current solar powered sites

50,000 sites

Target solar powered sites

1 lakh sites

Tower additions last quarter

2,900 tower additions

Heard on business television between 09:02:35 - 09:05:35 IST.

• CEO Prachur Shah said diesel consumption fell 11% in H1 this year compared to same period last year due to solar integration.
• Company has integrated about 300 megawatt of distributed solar capacity across its network across 50,000 sites.
• Plans to double solar-powered sites from 50,000 to 1 lakh, targeting early to mid FY29.
• Said solar investment improves margins through service revenue line (rentals), not through the energy pass-through line.
• Last quarter saw about 2,900 tower additions and 7,900 co-locations; said order book remains healthy with demand from a second customer ramping up funding-led rollouts.
• On Africa expansion, said it's early stage and not material yet; first revenue reporting expected in next one or two quarters.
• Noted revenue growth has been in single digits - 4% in Q2 FY26 and 6.7% previously - attributing it to proportional growth with large existing base.

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