India-based Apollo Green Energy Ltd (AGEL), part of the Apollo International Group, announced plans for a public listing in 2025 to support its ambitious renewable energy expansion. AGEL, an Engineering, Procurement, and Construction (EPC) firm based in India, intends to build an INR 10,000-crore (~$11.88 billion) project portfolio by 2025, focusing on utility-scale solar, energy storage, green hydrogen, and hybrid power. With a current order book of INR 3,500 crore a (~$4.16 billion)nd a workforce of over 200 professionals, AGEL is positioned to strengthen its operations through the IPO. In addition to solar installations across eight states, the company is also executing flue gas desulfurization (FGD) projects, a large solar project portfolio, and a smart solar streetlights project. AGEL aims to play a vital role in India’s clean energy goals, growing revenue from INR 324.83 crore (~$38.61 million) in FY22 to INR 1,174.77 crore (~$1.39 billion) in FY24.
Apollo Green aims for INR 10,000 crore projects with 2025 IPO
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
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