AGEL Plans Public Listing in 2025 to Fuel Growth and Green Energy Projects
Key Ideas
- AGEL is aiming to build a Rs 10,000-crore project portfolio by 2025 and is preparing for a public listing to support its expansion plans.
- The company, with over 200 professionals and an order book of Rs 3,500 crore, focuses on delivering projects to meet the nation's energy needs and promote sustainability.
- AGEL specializes in renewable energy solutions like utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power, managing projects in eight states totaling 400 MW of solar installations.
- AGEL's revenue growth from Rs 324.83 crore in FY22 to Rs 1,174.77 crore in FY24 showcases its commitment to operational efficiency and sustainable energy practices, with plans for further expansion into wind, green hydrogen, and battery storage solutions.
Apollo Green Energy Ltd (AGEL), a leading Engineering, Procurement, and Construction (EPC) company specializing in renewable energy, is gearing up for a public listing in 2025 to support its expansion plans and secure new projects. With a focus on sustainability, AGEL aims to build a Rs 10,000-crore project portfolio by 2025. The CEO, Sanjay Gupta, highlighted the company's commitment to delivering projects that meet the nation's energy needs while promoting sustainability. AGEL's diverse portfolio includes utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power projects across eight states, totaling 400 MW of solar installations. The company is involved in reducing sulfur dioxide emissions through Flue Gas Desulfurization (FGD) systems and is currently executing various solar projects ranging from fixed tilt to floating solar installations. AGEL plans to expand its presence in wind, green hydrogen, and battery storage solutions to support India's clean energy goals. The company's revenue growth from FY22 to FY24 demonstrates its operational efficiency, with further plans to sustain momentum through FY25. AGEL is also forging strategic partnerships and exploring solar module production to enhance its capabilities in renewable energy and contribute to India's vision for a cleaner energy future.