Apollo Green Energy, currently an EPC provider with 400 MW of solar projects under construction, aims to transition into a developer in the solar sector. Additionally, the company is preparing to enter solar product manufacturing by FY26, targeting an initial 500 MW production line, with land for the facility already identified.

The company projects a topline of Rs 110 billion by FY25, with 57% derived from solar projects, 23% from conventional EPC, and 18-19% from new ventures. It is also increasing its involvement in green hydrogen, with ongoing discussions for MoUs with two leading technology providers.

Apollo Green Energy’s order book stands at Rs 35 billion, with plans to scale it to Rs 100 billion within the next two years. Achieving this goal will require a 400–500-member core team, supplemented by contractual manpower. The company estimates Rs 30 billion in working capital will be necessary for these projects over a 6–12-month period.