Apollo Green Energy Limited (AGEL), a member of the Apollo International Group, announced on November 5 its plan to develop a project portfolio worth Rs 10,000 crore by 2025. Currently, AGEL manages an order book of Rs 3,500 crore, with ongoing solar projects valued at Rs 2,500 crore across India. To support its growth and secure new projects, the company is also preparing for a public listing in 2025.
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Focusing on renewable energy, AGEL capitalizes on Apollo International’s two decades of experience in the Engineering, Procurement, and Construction (EPC) sector. The company specializes in utility-scale solar energy, energy storage systems, green hydrogen, and hybrid power, managing diverse projects in eight states, including 400 MW of solar installations. AGEL is nearing completion of a Rs 700 crore Flue Gas Desulfurization (FGD) project aimed at reducing sulfur dioxide emissions in power generation.
With a robust project pipeline, AGEL aligns its operations with India’s target of achieving 500 GW of renewable capacity by 2030. The company’s revenue has surged from Rs 324.83 crore in FY22 to Rs 1,174.77 crore in FY24, highlighting its commitment to operational efficiency.
Sanjay Gupta, CEO of AGEL, emphasized the company’s mission to establish a solid foundation for renewable energy projects in India. With over 200 professionals and a substantial order book, AGEL is dedicated to delivering projects that cater to the nation’s energy requirements while promoting sustainability.
AGEL is executing significant solar projects, including a 40 MW installation in Odisha and a pioneering 50 MW floating solar project in Kerala. The company also aims to expand into wind energy, hybrid solutions, green hydrogen, and battery storage, while forming strategic partnerships and exploring the production of its own solar modules to enhance its capabilities and contribute to a cleaner energy future in India.
