Power Grid Corp is set to lease out its telecom towers in the next four months.

"We would lease out our telecom towers. We would invite bids in the next 3-4 months and after their evaluation we would be able to lease out the telecom towers by the end of this fiscal," said Power Grid CMD, S.K. Chaturvedi. "We would allow telecom companies to use our towers. One tower can be used by two telecom companies," he added.

"About Rs 350-400 crore is the revenue potential from the telecom business in 4-5 years," added Chaturvedi.