Apollo Green Energy Limited (AGEL), part of the Apollo International Group, announced on November 5 that it aims to create a ₹10,000-crore project portfolio by 2025. Currently, the company has an order book of ₹3,500 crore, including ₹2,500 crore dedicated to ongoing solar projects across various states in India. As part of its growth strategy, AGEL is also preparing for a public listing in 2025 to help fund its expansion and secure new projects.
With a strong focus on renewable energy solutions across India, AGEL benefits from Apollo International’s two decades of experience in the Engineering, Procurement, and Construction (EPC) sector. AGEL is a leading EPC company specializing in renewable energy, offering a range of solutions that include large-scale solar projects, energy storage systems, green hydrogen initiatives, and hybrid power.
Operating in eight states, the company manages a diverse range of projects, including 400 MW of solar installations. It is also working on Flue Gas Desulfurization (FGD) systems aimed at reducing sulfur dioxide emissions, a major pollutant in power generation, with this project valued at around ₹700 crore and nearing completion.
AGEL is at the forefront of catering to increasing renewable demand and building a resilient project pipeline that aptly aligns with the country’s vision of reaching 500 GW of renewable capacity by 2030. The company helps in the energy transition of the nation through focusing on solar, green hydrogen, and hydro energy projects while securing long-term value for stakeholders.
With such impressive revenue growth from ₹324.83 crore in FY22 to ₹1,174.77 crore in FY24, AGEL would continue this growth momentum well into FY25, showing that it is committed to operational efficiency. The company is rapidly expanding its portfolio with major solar installations across key states, further cementing its crucial role in helping India move toward a cleaner, more energy-independent future,” the company said.
Sanjay Gupta, chief executive officer, AGEL said, “As we move forward with our operations at Apollo Green Energy, we aim at laying a strong foundation for developing and executing renewable energy projects in India. With more than 200 professionals on board along with an order book of ₹3,500 crore, we will ensure that the projects executed by us meet the energy requirements of the nation in tune with sustainability.”. The expected 2025 IPO will further strengthen our financial position to expand operations and invest in advanced renewable technologies.
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Source: Moneycontrol
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