+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code