Upcoming IPO in 2025: Apollo Green Energy Targets ₹10,000 Crore Renewable Project Portfolio

Apollo Green Energy Limited (AGEL), the renewable energy arm of Apollo International Group, is preparing for an exciting public debut with its upcoming IPO in 2025.

Upcoming IPO in 2025: Apollo Green Energy Targets ₹10,000 Crore Renewable Project Portfolio

Apollo Green Energy Limited (AGEL) is the renewable energy wing of the Apollo International Group, which will have an exciting initial public offering, with its issue date scheduled to be up for 2025. Although AGEL aims at scaling up its project pipeline up to ₹10,000 crores, it is definitely poised to make a success story of the burgeoning Indian renewable energy sector.

Growth and Financial Highlights of AGEL

The growth trajectory of Apollo Green Energy has been phenomenal, with revenues moving northwards from ₹324.83 crore in FY22, up to ₹688.85 crore in FY23 and hitting ₹1,174.77 crore in FY24. Such a sudden spurt in the revenues speaks about the massive scale of growth AGEL has witnessed thus far; it has now spread its operations into eight Indian states. Out of all these, multiple large scale EPC projects, along with a solar installation of 400 MW are already under development from diversified portfolio of both Solar and Hydro Projects.

AGEL CEO Sanjay Gupta said “Our next IPO is going to consolidate our financial foundation, which will allow us to scale and invest in state-of-the-art renewable technologies.” The company has a focused team of more than 200 professionals with an order book of ₹3,500 crores; the IPO would further add to its financial muscles which would see growth rates ahead.

Important Projects in the Pipeline

AGEL has several large-scale renewable installations under construction to further the clean energy infrastructure in India. Projects in hand are:

40 MW fixed-tilt solar project in Odisha
50 MW floatinImportant Projects in the Pipeline
g solar installation in Kerala-an innovation in renewable energy
200 MW solar project in Gujarat with advanced tracker technology for efficiency
150,000 smart solar streetlights in Bihar for sustainable urban infrastructure.

The future innovation and technology exploration reflected in these projects demonstrate how AGEL approached innovation within the renewable sector, illustrating its capabilities for implementing both avant-garde and scalable solutions.

AGEL is focusing on new technologies in these three areas: wind power, green hydrogen production, and energy storage solutions as envisioned for its parent company renewable energy targets. Another of its efforts at pollution control also stands out in its implementation of Flue Gas Desulfurization systems in reducing sulfur dioxide produced through power generation, the country’s way to achieve cleanness in its energy system.

The group, AGEL, is already discussing strategic partnerships with technology providers and will soon, sooner than later, in-house manufacture solar modules, which will augment the production capacity and help reduce the cost. This forward thinking is a huge support to India’s ambition of 500 GW of renewable energy capacity by 2030.

What this Next IPO Means for AGEL and Investors

For sale proposal for the Initial Public Offering 2025 has been sent out; that was a very crucial issue in the organization because AGEL is raising funds to power its vision of expansion of renewable energy. This shall help in making the finances stronger for AGEL as it would continue funding more projects in India’s quest for clean energy. The IPO of the company would thus be using a part of the proceeds to turn it into one of the leaders in the Indian renewable energy sector, especially for scaling up its operations and embracing new technologies.

As India prepares to put the pedal on the gas in its clean energy push, Apollo Green Energy Limited is geared up to share a platform to make this journey into the world of renewable energy. The much-awaited IPO, to be launched in 2025, is expected to get huge takers in the green energy market, given AGEL’s relentless push in increasing its footprint and commitment to sustainable development.

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