Apollo Green Energy Limited Unlisted Shares

Are you interested in learning about a key player in India’s booming renewable energy sector? This guide provides a simple, comprehensive overview of Apollo Green Energy Limited (AGEL), its business, leadership, and future plans.

What is Apollo Green Energy Limited (AGEL)?

Apollo Green Energy Limited, often called AGEL, is a prominent Indian company focused on renewable energy. It was incorporated in 1994 and is a proud part of the Apollo Group, a well-respected Indian conglomerate with businesses in tyres, healthcare, and more. AGEL specializes in creating complete solutions for solar power, wind energy, and energy storage projects.

Key Company Facts at a Glance:

• Full Name: Apollo Green Energy Limited (formerly Apollo International Limited)

• Established: August 25, 1994

• Headquarters: Gurgaon, India

• Registered Office: New Delhi

• Parent Group: Apollo Group

• Credit Rating: CRISIL BBB/Stable (Long-term) and A3+ (Short-term) – reaffirmed in February 2023, indicating a stable financial outlook.

What Does AGEL Do? A Simple Breakdown of Its Business

AGEL’s work is organized into three main areas, making it a versatile and robust company.

1. Green Energy Division: This is the core of AGEL. They provide end-to-end services for renewable energy projects. Think of them as the experts who make sure everything works together seamlessly, whether it’s solar panels, wind turbines, or large-scale battery storage systems.

2. Engineering, Procurement & Construction (EPC) Division: This division is like a master builder for large infrastructure projects. They handle everything from design and material sourcing to construction for complex projects in the power, oil, irrigation, and solar sectors, both in India and internationally.

3. Supply of Goods Division: Leveraging the Apollo Group’s global network, this division trades and supplies products like tyres, batteries, and electronics across 70 countries, with operations in India, Dubai, Singapore, and China.

Who Leads Apollo Green Energy?

AGEL is guided by a team of highly experienced leaders.

• Raaja Kanwar: As the Founder, Chairman, and Managing Director, he has been the driving force behind the Apollo Group’s diversification and success.

• Sanjay Gupta (CEO): The company’s CEO is a seasoned professional with over 35 years of experience in the power and infrastructure sector. He has a strong educational background, including a Master’s in Energy Systems from the University of Strathclyde, UK, and a Post Graduation from IIT Delhi. His career includes leadership roles at NTPC, Lanco Infratech, and as the head of EPC at Waaree Energies, one of India’s largest solar module manufacturers.

He is supported by a capable team, including Dinesh Mathur (Head of Projects), Mohit Gupta (Head of Business Development), and others, ensuring expert management across all operations.

How is AGEL Performing Financially?

Apollo Green Energy has shown impressive financial growth. Despite global challenges, the company has more than doubled its income in just two years.

• Total Income: Jumped from ₹280 Crores in FY 2021 to ₹688 Crores in FY 2023.

• Net Profit (After Tax): Rose significantly from ₹6.87 Crores in FY 2021 to ₹33 Crores in FY 2023.

This strong performance has attracted major investors. Recently, Resonance, a well-known investment fund, invested ₹40 Crores in AGEL, showing strong confidence in the company’s future.

Major Projects and Future Work

AGEL has a strong pipeline of work, with projects currently being executed and new ones recently awarded.

Projects Currently Under Execution (Value: ₹1,735 Crores):

• Photonics WaterTech: Installing smart solar street lights in Bihar (₹392 Cr).

• Adani Green/Nesteye Insights: Providing solar panels for a massive 15 GW Adani power project in Gujarat (₹100 Cr).

• MB Power: Installing Flue Gas Desulfurization (FGD) systems at a thermal power plant in Madhya Pradesh to reduce pollution (₹677.5 Cr).

• Indian Oil Corporation (IOCL): Working on refinery expansion in Barauni (₹313.72 Cr) and a petrochemical project in Vadodara (₹133.53 Cr).

Newly Awarded Projects (Value: ₹2,330 Crores):

• NHPC: Developing a 200 MW solar power project in Gujarat (₹966 Cr).

• Patepur Solar Project: A 200 MW EPC solar project in Bihar (₹1,024 Cr).

• NHPC (another): A 40 MW solar project in Odisha (₹151 Cr).

• NTPC/Sterling Wilson (Pipeline): An EPC contract for a part of the 1250 MW NTPC Solar Park in Gujarat (₹500 Cr).

• Municipal Corp of Gurugram (Pipeline): A major project to build a 25 MW Waste-to-Energy plant in Haryana (₹500 Cr).

What is AGEL’s Vision for the Future?

AGEL has ambitious and clear goals for the coming years. The company aims to:

• Grow its Order Book: Reach a robust order book of ₹5,000 Crores.

• Expand into New Areas: Diversify beyond solar into wind energy, large-scale energy storage, EV charging stations, and green hydrogen production.

• Increase Revenue: Projecting strong revenue growth to ₹780 Cr in FY 2024-25, ₹1,360 Cr in FY 2025-26, and ₹2,050 Cr in FY 2026-27.

Conclusion: A Company Poised for Growth

Apollo Green Energy Limited is strategically positioned to be a leader in India’s green energy transition. With its strong financial performance, experienced leadership, a massive order book of over ₹4,000 Crores in current and awarded projects, and a clear vision for the future, AGEL is a company dedicated to driving innovation and sustainability in the energy landscape.