Apollo Green Energy Targets Rs 10,000 Crore Project Portfolio by 2025
POWER & RENEWABLE ENERGY

Apollo Green Energy Targets Rs 10,000 Crore Project Portfolio by 2025

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, has announced its ambitious goal of establishing a Rs 100 billion project portfolio by 2025. Currently, the company’s order book stands at Rs 35 billion, with Rs 25 billion worth of active solar projects under development across India.

With a public listing planned for 2025, AGEL expects to leverage this to scale operations and invest in new renewable technologies. The company’s revenue surged from Rs 3.25 billion in FY22 to Rs 1,174.77 crore in FY24, a growth trajectory that CEO Sanjay Gupta believes will continue.

AGEL is a leading player in the Engineering, Procurement, and Construction (EPC) sector, focusing on large-scale solar, energy storage, and green hydrogen projects. Operating in eight states, the company has completed 400 MW of solar installations and is nearing the completion of a Rs 700 crore Flue Gas Desulfurization (FGD) system to reduce sulfur dioxide emissions in power plants.

Rated BBB/Stable for long-term and A3+ for short-term by Crisil, AGEL is well-positioned to pursue its long-term goals. These include expanding solar, green hydrogen, and hydropower projects in alignment with India’s target of achieving 500 GW of renewable energy capacity by 2030. AGEL is also exploring strategic partnerships and plans to venture into solar module manufacturing to further its growth in the renewable energy sector.

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, has announced its ambitious goal of establishing a Rs 100 billion project portfolio by 2025. Currently, the company’s order book stands at Rs 35 billion, with Rs 25 billion worth of active solar projects under development across India. With a public listing planned for 2025, AGEL expects to leverage this to scale operations and invest in new renewable technologies. The company’s revenue surged from Rs 3.25 billion in FY22 to Rs 1,174.77 crore in FY24, a growth trajectory that CEO Sanjay Gupta believes will continue. AGEL is a leading player in the Engineering, Procurement, and Construction (EPC) sector, focusing on large-scale solar, energy storage, and green hydrogen projects. Operating in eight states, the company has completed 400 MW of solar installations and is nearing the completion of a Rs 700 crore Flue Gas Desulfurization (FGD) system to reduce sulfur dioxide emissions in power plants. Rated BBB/Stable for long-term and A3+ for short-term by Crisil, AGEL is well-positioned to pursue its long-term goals. These include expanding solar, green hydrogen, and hydropower projects in alignment with India’s target of achieving 500 GW of renewable energy capacity by 2030. AGEL is also exploring strategic partnerships and plans to venture into solar module manufacturing to further its growth in the renewable energy sector.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?