Indus Towers flags delays, cost pressures as LPG supply tightens amid West Asia conflict
NEW DELHI: Bharti Airtel’s subsidiary Indus Towers on Friday flagged supply risks from the West Asia conflict, as disruptions in liquefied petroleum gas (LPG), a key manufacturing input, threaten to slow tower production, delay rollouts and raise costs.
“There is a strong order book looking ahead as well as the next few quarters. However, I think given the situation, there is a little bit of a tightness in the market in terms of tower supplies because that is dependent on LPG availability,” Prachur Sah, managing director and chief executive officer of the company said.
