Apollo Green Energy targets Rs 100 billion in renewables
POWER & RENEWABLE ENERGY

Apollo Green Energy targets Rs 100 billion in renewables

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, is set to grow its renewable energy portfolio to Rs 100 billion by 2025, with plans for an initial public offering (IPO) to fuel this expansion. AGEL currently holds an order book of Rs 35 billion and manages Rs 25 billion in solar projects across several states.

Operating in eight states, AGEL’s portfolio includes 400 MW of solar power installations and a Rs 7 billion Flue Gas Desulfurization (FGD) project aimed at reducing emissions in power generation. These projects support India’s ambitious target of reaching 500 GW of renewable energy capacity by 2030.

AGEL’s revenue surged from Rs 3.24 billion in FY22 to Rs 11.74 billion in FY24, largely due to its focus on solar, green hydrogen, and hybrid energy solutions. CEO Sanjay Gupta remarked, “With a skilled team of over 200 and a robust order book, our goal is to meet India’s energy demands sustainably. The 2025 IPO will be a key step to scale operations and invest in advanced renewable technologies.”

Among its major projects, AGEL is working on a 40 MW solar installation in Odisha, a 50 MW floating solar plant in Kerala, and a 200 MW solar tracker project in Gujarat. It’s also deploying 150,000 smart solar street lights in Bihar and exploring future ventures in wind, green hydrogen, and battery storage.

In line with its growth plans, AGEL is forming alliances with tech providers and considering in-house solar module production to reduce costs, reinforcing its role in India’s renewable energy landscape. (ET)

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, is set to grow its renewable energy portfolio to Rs 100 billion by 2025, with plans for an initial public offering (IPO) to fuel this expansion. AGEL currently holds an order book of Rs 35 billion and manages Rs 25 billion in solar projects across several states. Operating in eight states, AGEL’s portfolio includes 400 MW of solar power installations and a Rs 7 billion Flue Gas Desulfurization (FGD) project aimed at reducing emissions in power generation. These projects support India’s ambitious target of reaching 500 GW of renewable energy capacity by 2030. AGEL’s revenue surged from Rs 3.24 billion in FY22 to Rs 11.74 billion in FY24, largely due to its focus on solar, green hydrogen, and hybrid energy solutions. CEO Sanjay Gupta remarked, “With a skilled team of over 200 and a robust order book, our goal is to meet India’s energy demands sustainably. The 2025 IPO will be a key step to scale operations and invest in advanced renewable technologies.” Among its major projects, AGEL is working on a 40 MW solar installation in Odisha, a 50 MW floating solar plant in Kerala, and a 200 MW solar tracker project in Gujarat. It’s also deploying 150,000 smart solar street lights in Bihar and exploring future ventures in wind, green hydrogen, and battery storage. In line with its growth plans, AGEL is forming alliances with tech providers and considering in-house solar module production to reduce costs, reinforcing its role in India’s renewable energy landscape. (ET)

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?