NGEL and ITL sign MoU for Renewable Energy Ventures

Tags: Science and Technology

NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) have entered into a Memorandum of Understanding (MoU) to support green energy goals and India's carbon-neutral aspirations.

An Overview of the News

  • The collaboration aims to jointly develop grid-connected renewable energy projects, including solar, wind, and energy storage solutions.

  • Signatories to the MoU are Soumya Kanti Chowdhuri, Chief General Manager of NGEL, and Vikas Poddar, Chief Financial Officer (CFO) of ITL.

  • NGEL operates as a wholly-owned subsidiary of NTPC Limited, formerly known as the National Thermal Power Corporation.

About ITL

  • Indus Towers Limited, based in Gurugram, Haryana, is an Indian telecommunications infrastructure firm.

  • Established in November 2007 by Bharti Infratel, Vodafone Essar, and Idea Cellular.

  • It specializes in offering passive infrastructure services to mobile network operators and other wireless service providers.

  • The company's primary objective is to provide shared telecom infrastructure to operators without discrimination.

    • Headquarters - DLF Cyber City, Gurugram, Haryana

    • Chairman - N. Kumar

    • MD & CEO - Prachur Shah

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