Apollo Green Energy Limited

Apollo Green Energy Limited emerges as a leading player in India's rapidly expanding renewable energy sector, positioning itself at the forefront of the national energy transition. Established in 1994 and headquartered in Gurgaon with registered office in New Delhi, AGEL is part of the diversified Apollo International Group. The company specializes in comprehensive Engineering, Procurement & Construction (EPC) services for large-scale renewable energy projects. AGEL has demonstrated impressive project execution credentials, having delivered over 400 megawatts of solar power capacity nationwide, including both fixed-tilt and innovative floating solar installations. The company maintains an order book valued at ₹3,500 crore encompassing solar, hydro, and energy storage projects across eight states, with ambitious targets to expand this to ₹10,000 crore by 2026. Financial performance reflects strong momentum: revenue grew from ₹324.83 crore (FY22) to ₹1,174.77 crore (FY24), representing exceptional growth. Beyond solar, AGEL is expanding into high-potential sectors including green hydrogen production, battery energy storage systems (BESS), hybrid renewable plants, and EV charging infrastructure. The company's anticipated IPO (expected Q1 2026) and grey market premium of approximately ₹72 indicate strong investor confidence. Trading at ₹72.00, AGEL represents a strategic opportunity to gain exposure to India's clean energy transformation, supported by government incentives and rising global demand for sustainable energy solutions.