Apollo Green Energy Plans Rs 10,000 Crore Project Portfolio by 2025 IPO
Key Ideas
- AGEL, part of Apollo International Group, plans to go public in 2025 to support its expansion goals and secure new projects, aiming to build a Rs 10,000 crore project portfolio by then.
- The company specializes in renewable energy solutions such as solar, energy storage, green hydrogen, and hybrid power, focusing on delivering projects that meet the nation's energy needs and promote sustainability.
- AGEL is involved in various renewable energy projects across multiple states, managing a diverse portfolio including solar installations, Flue Gas Desulfurization systems, and smart solar street lights.
- By focusing on solar, green hydrogen, and hydro energy projects, AGEL aims to support India's clean energy goals and deliver long-term value for stakeholders, with plans for revenue growth and strategic partnerships in the renewable energy sector.
Apollo Green Energy Ltd (AGEL), a part of the Apollo International Group, is gearing up for a public listing in 2025 to facilitate its growth ambitions and secure new projects. The company aims to build a project portfolio worth Rs 10,000 crore by 2025. AGEL specializes in renewable energy solutions, including solar, energy storage, green hydrogen, and hybrid power, with a focus on meeting the energy requirements of the nation and promoting sustainability. The CEO, Sanjay Gupta, highlighted the company's order book of Rs 3,500 crore and its commitment to delivering projects that support India's clean energy goals. AGEL is actively involved in various renewable energy projects across eight states, managing a diverse portfolio that includes solar installations, Flue Gas Desulfurization systems, and smart solar street lights.
AGEL's strategic roadmap includes expanding into wind, hybrid, green hydrogen, and battery storage solutions. By concentrating on solar, green hydrogen, and hydro energy projects, AGEL not only contributes to India's energy transition but also ensures long-term value for its stakeholders. The company has experienced significant revenue growth from Rs 324.83 crore in FY22 to Rs 1,174.77 crore in FY24, signaling its commitment to operational efficiency and sustainable business practices. AGEL is also forming strategic partnerships with technology providers and exploring in-house solar module production to enhance its capabilities in the renewable energy sector and promote a cleaner energy future for India.
Topics
India
Renewable Energy
Sustainability
Revenue Growth
Expansion Plans
Strategic Partnerships
Public Listing
Solar Installations
Clean Energy Goals
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