Indus Towers just made a notable move in the green energy space, sealing a Power Purchase Agreement with JSW Green Energy Eight Limited, a special purpose vehicle (SPV). The deal, worth around ₹38.03 crore, will see Indus Towers secure 130 MW of renewable energy from a Solar PV plant. The investment comes with a 26% stake in the SPV, aligning with the company’s commitment to achieving its Net Zero goals by ramping up its renewable energy procurement. However, the market’s reaction wasn’t as bright as the company’s green energy ambitions. Indus Towers’ stock dipped 2.5%, hitting an intra-day low of ₹335.35, adding to the tension from Vodafone Group’s announcement to sell its remaining 3% stake in the company.