Apollo Green Energy Limited has completed a transformative year in FY 2024–25, achieving strong financial growth and making major progress on key renewable energy projects across India. The company is now preparing for a larger, more ambitious future, with a clear roadmap ahead.
Financial Performance – FY24–25
Apollo Green reported:
- Consolidated Revenue: ₹72,616 lakhs
- Profit After Tax: ₹4,436 lakhs (up from ₹2,957 lakhs in FY 23–24)
These results reflect efficient execution, strong project delivery, and growing investor trust.
Major Projects Delivered and Underway
Apollo Green’s current projects span across solar EPC, energy storage, and smart lighting. Key updates include:
1. NHPC Solar Projects
The company is executing three major projects in partnership with NHPC:
- Odisha: 40 MW Fixed Tilt
- Kerala: 50 MW Floating Solar
- Gujarat: 200 MW Solar Tracker
These projects are progressing simultaneously and on schedule.
2. ₹700 Crore FGD Project
A flagship Flue Gas Desulphurization (FGD) project was completed ahead of time for a thermal power plant in Anuppur. This project underlines Apollo Green’s EPC capability and environmental responsibility.
3. Solar Street Lighting in Bihar
Over 1.5 lakh smart solar streetlights have been installed in Bihar, improving rural and urban infrastructure while promoting energy equity.
Together, these initiatives account for ₹3,500+ crore in the order book and demonstrate Apollo Green’s strength in diverse, high-impact projects.
Looking Ahead – Growth Targets and Expansion Plans
Apollo Green is actively executing over 400 MW of solar projects and has set a target of building a 1 GW solar EPC order book by 2026.
Upcoming Developments:
- New PPA-Based Solar Projects: The company will soon begin work on PPA-model solar projects via a fully-owned subsidiary. The EPC work will be handled by Apollo Green itself.
- IPO Planned in Q1 2026: The company is preparing for its Initial Public Offering to raise capital for expansion into solar, energy storage, green hydrogen, and other green technologies.
- Green Hydrogen & Storage Projects: Discussions are ongoing with global partners to co-develop green hydrogen and long-duration energy storage projects.
- Pan-India Operations: Apollo Green currently operates in 8 Indian states and is scaling towards becoming a national-level renewable infrastructure company.
Dividend Announcement
To recognize strong performance and shareholder support, the board has approved a 15% dividend for FY24–25. This reflects the company’s commitment to sharing value while continuing to reinvest in long-term growth.
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Disclaimer:
This blog post is intended for informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any securities. Readers are advised to conduct their own research or consult with a financial advisor before making investment decisions.
