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

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000