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Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push | Company Business News

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Apollo Green Energy plans  ₹1,500 crore capex to capitalize on India’s renewables push | Company Business News

Apollo Group's engineering and construction division, Apollo Green Energy, plans to invest ₹1,500 crore in expanding its capacity and undertaking renewable energy projects for the government and public sector. The company aims to raise capital through an initial public offering in order to fund its expansion plans. Apollo Green Energy has already secured orders worth nearly ₹2,830 crore, primarily for solar projects. The company is optimistic about India's goal of reaching 500 GW of renewable energy capacity by 2030, which could potentially generate projects worth ₹1.25 trillion. Apollo Green Energy aims to increase its portfolio from ₹3,500 crore to ₹10,000 crore next year.

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