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Equippp Social Impact Technologies Ltd inks MoU with Telangana Fiber Grid Corporation Ltd

Posted On : 2025-05-06 09:29:58( TIMEZONE : IST )

Equippp Social Impact Technologies Limited has executed a Memorandum of Understanding (MoU) with Telangana Fiber Grid Corporation Limited, Hyderabad, Telangana.

Telangana Fiber Grid Corporation Limited (TFGCL) is a Special Purpose Vehicle (SPV) established by the Government of Telangana with the objective of connecting every household, government institution, and private enterprise in rural parts of the State through optical fiber, thereby providing high-speed internet connectivity. It has developed a robust fiber optic network infrastructure. TNXT is a separate brand name under T-Fiber, engaged in the business of digital solutions.

This MoU sets out a framework for collaboration aimed at jointly enabling digital infrastructure development, rural skilling, and social impact initiatives across Telangana. The partnership seeks to leverage TFGCL's digital network and EQUIPPP's capabilities in public-private partnerships, skill development, technology enablement, and social impact financing to promote digital empowerment, inclusion, and employment opportunities, especially in underserved and rural regions.

As a key area of collaboration, both parties will explore the provision of 100mbps internet connectivity to schools across Telangana by mobilizing CSR or philanthropic capital.

In parallel, Introduction of specialized skill development programs will be explored to create meaningful rural employment by training local youth and women in the maintenance, support, and sustainability of this digital infrastructure.

Under this collaboration, EQUIPPP shall facilitate the mobilization of CSR capital, philanthropic contributions, and other financial resources by inviting expressions of interest and participation from relevant stakeholders to support digital empowerment and rural skilling initiatives. EQUIPPP will design and implement targeted skill development programs for local youth and women, focusing on the upkeep and management of digital infrastructure and allied services.

EQUIPPP shall also develop and deploy technology platforms for delivery tracking, outcome monitoring, and stakeholder engagement. In support of data-driven planning, it will build and pilot platforms for social impact assessment and structured insights exchange. Additionally, EQUIPPP will foster strategic partnerships with corporates, CSR foundations, academic institutions, and non-profits to strengthen the reach and impact of the initiatives.

To build awareness and digital readiness, EQUIPPP will conduct workshops, knowledge sessions, and engagement programs for students, citizens, and various stakeholders. It will also offer advisory services for strategic planning, customization, and scalable implementation of digital inclusion and rural transformation initiatives.

Furthermore, EQUIPPP will explore innovative financing structures such as impact investing, outcome-based funding, and blended finance to enable long-term sustainability and expansion of the programs.

This MoU marks a significant step toward strengthening the digital and socio-economic landscape of Telangana. By combining the infrastructure backbone of TFGCL with EQUIPPP's expertise, the partnership aims to create a scalable and lasting impact in the State's journey toward inclusive and technology-driven development.

Shares of Proseed India Ltd was last trading in BSE at Rs. 20.46 as compared to the previous close of Rs. 20.02. The total number of shares traded during the day was 26073 in over 32 trades.

The stock hit an intraday high of Rs. 20.97 and intraday low of 19.15. The net turnover during the day was Rs. 514451.00.