Vodafone Idea invests in captive power plant, expands 5G

Vodafone Idea Limited's board of directors approved an investment to acquire 26% of the equity capital in a new special purpose vehicle (SPV) for owning and operating a captive power plant, subscribing up to INR 4.33 crore. This investment aligns with regulatory requirements for captive power consumption under electricity laws. The SPV will be incorporated by Shree MTK Textile Private Limited.

The company reported Q2 FY26 consolidated revenue of INR 111,947 million, a year-over-year growth of 2.4%, with a reported PAT of (INR 55,242) million. Total debt from banks reduced to INR 15.3 billion as of September 30, 2025. Vodafone Idea also expanded its 4G coverage to over 84.4% of the population and completed its 5G rollout in all 17 priority circles, encompassing 29 cities, with plans to increase 4G coverage to 90%.

A monitoring agency report from CARE Ratings Limited confirmed that proceeds from Vodafone Idea’s further public offer (FPO) of INR 18,000 crore for the quarter ended September 30, 2025, have been utilized for disclosed objectives. Reallocation of INR 2,258 crore from network equipment to deferred spectrum payments was approved by the board.