Apollo Green Energy Limited (AGEL) is a key player in India’s renewable energy landscape. Established in 1994, AGEL operates as part of the Apollo Group, a diversified conglomerate with a strong presence across multiple industries. The company specializes in delivering end-to-end renewable energy solutions, with a primary focus on solar power, wind energy, and energy storage systems.

This report provides a comprehensive analysis of AGEL, covering its company profile, business divisions, leadership, financial performance, organizational structure, and strategic vision for the future.

Company Profile

Previously known as Apollo International Limited, Apollo Green Energy Limited (AGEL) functions as a privately held limited company with a Corporate Identity Number (CIN): U74899DL1994PLC061080. Established on August 25, 1994, the company has an authorized share capital of INR 27.25 Crores and a paid-up share capital of INR 21.74 Crores.

AGEL holds a CRISIL credit rating of BBB/Stable for long-term obligations and A3+ for short-term commitments, reaffirmed as of February 2023.

The company is headquartered in Gurgaon, India, with its registered office located at DLF Courtyard, New Delhi. As a part of the Apollo Group, AGEL leverages its parent company’s extensive experience across multiple sectors, including healthcare, logistics, apparel, footwear, tyre manufacturing, and green energy.

Business Divisions

AGEL operates through three key business verticals:

1. Green Energy Division

This division is responsible for developing, managing, and executing renewable energy projects. It ensures seamless integration of solar power, wind energy, and energy storage solutions to meet the growing demand for sustainable energy.

2. Engineering, Procurement & Construction (EPC) Division

AGEL specializes in medium and large-scale infrastructure projects, covering sectors such as:

• Renewable energy (solar and wind)
• Power transmission and distribution
• Oil storage infrastructure
• Irrigation systems
• Sugar processing plants

The EPC division has successfully executed projects in both domestic and international markets, reinforcing AGEL’s reputation as a trusted energy solutions provider.

3. Supply of Goods Division

This division manages the trading and distribution of essential products, including:

• Tyres, batteries, and lubricants
• White goods and electronic appliances

AGEL’s supply operations extend across India, Dubai, Singapore, and China, facilitating global trade in over 70 countries.

Financial Performance

Despite market fluctuations and challenges posed by the COVID-19 pandemic, AGEL has demonstrated consistent financial growth:

This upward trajectory highlights AGEL’s strong financial foundation and operational efficiency.

Organizational Structure

AGEL follows a hierarchical and structured operational model to ensure efficiency:

• CEO-led corporate office in Gurgaon, India
• Dedicated teams for engineering, procurement, business development, and project management
• Site-specific project teams with mechanical, electrical, and civil engineering experts

This streamlined structure allows AGEL to manage and execute complex renewable energy projects efficiently.

Future Vision & Growth Strategy

AGEL is committed to driving sustainability and technological innovation in the renewable energy sector. Its strategic goals include:

1. Expanding Order Book

• Targeting a project pipeline worth INR 5000 Crores from public sector undertakings (PSUs)

2. Strengthening Solar Energy Capabilities

• Leveraging government Power Purchase Agreements (PPAs) for long-term revenue stability

3. Diversification into Emerging Sectors

• Wind energy and hybrid power solutions
• Energy storage and grid stabilization
• Electric Vehicle (EV) charging infrastructure
• Green hydrogen production

4. Revenue Growth Projections

5. Recent Investments

• Resonance Fund has recently invested INR 40 Crores in AGEL, signaling strong investor confidence in the company’s future.

Conclusion

Apollo Green Energy Limited (AGEL) is poised for exponential growth in India’s renewable energy sector. With a diversified business portfolio, strong leadership, and robust financial performance, the company is well-positioned to capitalize on emerging opportunities in solar, wind, energy storage, and EV infrastructure.

By leveraging its technical expertise, strategic partnerships, and commitment to sustainability, AGEL is set to become a market leader in the green energy revolution.