Frog Innovations accepts Rs 91.97 crore Delhi Metro LOI

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On November 6, 2026, Frog Innovations Limited said it had accepted a Rs 91.97 crore letter of intent from Indus Towers Limited for cellular Distributed Antenna System infrastructure at Delhi Metro stations and connecting tunnels. Supply and installation are scheduled for completion by March 2027, but a definitive purchase order or contract remains awaited.

Frog Innovations has accepted a letter of intent, or LOI, from Indus Towers for a Delhi Metro cellular Distributed Antenna System, or DAS, project valued at Rs 91.97 crore excluding applicable goods and services tax, or GST. The company disclosed the acceptance on November 6, 2026, under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.