Apollo Green Energy Targets IPO Launch by Q4 2025.
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23rd Jan 2025
Apollo Green Energy, part of Apollo International Group, plans to launch its IPO by Q4 2025. The company focuses on solar power and green energy projects, including battery storage, green hydrogen, and EV charging. Currently, with 400 MW of solar projects under construction, Apollo Green Energy plans to transition into a developer role within the solar industry. The company also intends to enter solar product manufacturing by FY26, starting with a 500 MW production line.
With an order book of Rs 35 billion, Apollo Green Energy targets Rs 100 billion in the next two years and plans to build a core team of 400–500 members. The company anticipates needing Rs 30 billion in working capital for its projects over 6-12 months.
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