Apollo Green in talks with foreign players for clean hydrogen tech

Apollo Green Eyes Foreign Partnerships for Green Hydrogen Tech.

Expert Analysis:

• Green Hydrogen Expansion: IPO-bound Apollo Green Energy is in talks with international players to secure green hydrogen technology, aiming for a Rs 10,000 crore project pipeline in 2025.

• IPO Plans: The company, specializing in EPC services, plans to go public by the second half of 2025.

• Green Hydrogen Technology: Collaborating with international partners to acquire key technologies like electrolyzers and fuel cells for green hydrogen production.

• Apollo’s Solar Milestones: Secured Rs 3,500 crore NHPC deals, including 40 MW in Odisha, 50 MW floating solar in Kerala, and 200 MW tracker-based solar in Gujarat, alongside 1,50,000 smart solar street lights in Bihar.

• Apollo's Renewable Shift: Operating in 8 states with 400 MW solar projects, Apollo is transitioning to focus 80% of its portfolio on solar, moving away from conventional EPC projects.

• FY25 Target & IPO Plans: Apollo Green aims for a Rs 1,100 crore topline in FY25 and plans to go public by Diwali 2025.