Apollo Green Energy's Diversification Strategy Towards Sustainable Growth
Key Ideas
- Apollo Green Energy aims for a 1 GW EPC order book by 2026 and is venturing into green hydrogen, BESS, and EV infrastructure.
- The company's revenue for FY 2024-25 was ₹72,616 lakh, with a profit after tax of ₹4,436 lakh, and a 15% dividend declared for shareholders.
- Apollo Green Energy is expanding its IPP plans and has secured two PPAs under the PM-KUSUM Scheme, along with ongoing projects in multiple states.
- The company, operating in eight states, is focusing on technology-enabled models and engaging with global partners for green hydrogen and storage projects.
Apollo Green Energy Limited, part of the Apollo International Group, is strategically diversifying its portfolio to include green hydrogen, battery energy storage systems, and electric vehicle infrastructure alongside its solar projects. With a target of achieving a 1 GW EPC order book by 2026, the company reported strong financials for FY 2024-25, recording a revenue of ₹72,616 lakh and a profit after tax of ₹4,436 lakh. The Chairman, Raaja Kanwar, highlighted the company's successful projects and expansion plans, emphasizing their focus on scaling EPC projects and emerging areas like IPP and energy storage. Apollo Green Energy is actively collaborating with global partners to drive green hydrogen and long-duration storage initiatives, aligning with their goal of delivering reliable and cost-effective clean energy solutions across India.