Apollo Green Energy Plans IPO by 2025, Aims for INR 10,000 Crore Portfolio

Apollo Green Energy plans to IPO by 2025 with a target of INR 10,000 Cr portfolio.

Expert Analysis:

• IPO Plans: Apollo Green Energy Ltd is preparing for an IPO in 2025 is planned to finance project pipeline and new renewable initiatives.

• Current Order Book: Current order book stands at INR 3,500 crore, with INR 2,500 crore in active solar and EPC projects.

• Revenue Growth: Revenue increased significantly, from INR 324.83 crore in FY22 to INR 1,174.77 crore in FY24, marking a substantial leap in its renewable energy ventures.

• Project Presence: AGEL operates across eight states with major renewable projects, including 400 MW of solar installations and EPC ventures.

• Diverse Renewable Portfolio: AGEL is investing in utility-scale solar, energy storage, hybrid power setups, and green hydrogen projects to support India’s clean energy transition.

• Major Ongoing Projects: AGEL is advancing multiple renewable projects, including 40 MW solar in Odisha, 50 MW floating solar in Kerala, 200 MW solar in Gujarat, and 1,40,000 smart solar street lights in Bihar.