05 November 2024
With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation's energy needs and promote sustainability, says Sanjay Gupta, CEO, Apollo Green Energy Apollo Green Energy Limited (AGEL), part of Apollo International Group, on November 5 said it is set to build a Rs 10,000-crore project portfolio by 2025. Currently, the company manages an order book of Rs 3,500 crore, with Rs 2,500 crore of ongoing solar projects across various states in India. As part of its growth plan, AGEL is also preparing for a public listing in 2025 to support its expansion and secure new projects. With a strong focus on renewable energy solutions across India, AGEL leverages Apollo International's two decades of experience in the Engineering, Procurement, and Construction (EPC) sector. AGEL is a leading EPC company specialising in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power. Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of solar installations. The company has been involved in the execution of Flue Gas Desulfurization (FGD) systems to reduce sulfur dioxide emissions, a major contributor to pollution, in power generation. This project, valued at approximately Rs 700 crore, is nearing completion. "AGEL is at the forefront of meeting the rising demand for renewable energy, strategically building a robust project pipeline that aligns with India's ambitious goal of achieving 500 GW of renewable capacity by 2030. By focusing on solar, green hydrogen, and hydro energy projects, the company not only supports the nation's energy transition but also delivers long-term value for stakeholders. With impressive revenue growth from Rs 324.83 crore in FY 22 to Rs 1,174.77 crore in FY24, AGEL is poised to sustain this momentum through FY25, underscoring its commitment to operational efficiency. Its expanding portfolio includes major solar installations across multiple states, solidifying AGEL's critical role in propelling India toward a cleaner, more energy-independent future," said the company in a statement. Sanjay Gupta, CEO, Apollo Green Energy Limited (AGEL) said, "As we advance our operations at Apollo Green Energy, we aim to establish a strong foundation for developing & executing renewable energy projects in India. With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation's energy needs and promote sustainability. Our upcoming IPO in 2025 will further strengthen our financial base, enabling us to scale our operations and invest in cutting- edge renewable technologies."
With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation's energy needs and promote sustainability, says Sanjay Gupta, CEO, Apollo Green Energy Apollo Green Energy Limited (AGEL), part of Apollo International Group, on November 5 said it is set to build a Rs 10,000-crore project portfolio by 2025. Currently, the company manages an order book of Rs 3,500 crore, with Rs 2,500 crore of ongoing solar projects across various states in India. As part of its growth plan, AGEL is also preparing for a public listing in 2025 to support its expansion and secure new projects. With a strong focus on renewable energy solutions across India, AGEL leverages Apollo International's two decades of experience in the Engineering, Procurement, and Construction (EPC) sector. AGEL is a leading EPC company specialising in renewable energy, providing a range of solutions that includes utility-scale solar, energy storage systems, green hydrogen initiatives, and hybrid power. Operating in eight states, the company manages a diverse portfolio of projects, including 400 MW of solar installations. The company has been involved in the execution of Flue Gas Desulfurization (FGD) systems to reduce sulfur dioxide emissions, a major contributor to pollution, in power generation. This project, valued at approximately Rs 700 crore, is nearing completion. "AGEL is at the forefront of meeting the rising demand for renewable energy, strategically building a robust project pipeline that aligns with India's ambitious goal of achieving 500 GW of renewable capacity by 2030. By focusing on solar, green hydrogen, and hydro energy projects, the company not only supports the nation's energy transition but also delivers long-term value for stakeholders. With impressive revenue growth from Rs 324.83 crore in FY 22 to Rs 1,174.77 crore in FY24, AGEL is poised to sustain this momentum through FY25, underscoring its commitment to operational efficiency. Its expanding portfolio includes major solar installations across multiple states, solidifying AGEL's critical role in propelling India toward a cleaner, more energy-independent future," said the company in a statement. Sanjay Gupta, CEO, Apollo Green Energy Limited (AGEL) said, "As we advance our operations at Apollo Green Energy, we aim to establish a strong foundation for developing & executing renewable energy projects in India. With over 200 professionals and an order book of Rs 3,500 crore, we are focused on delivering projects that meet the nation's energy needs and promote sustainability. Our upcoming IPO in 2025 will further strengthen our financial base, enabling us to scale our operations and invest in cutting- edge renewable technologies."
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