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