Apollo Green Energy Posts Revenue of INR 726.16 Crore in FY25, Declares 15 Percent Dividend
Apollo Green Energy has reported a consolidated revenue of INR 726.16 crore and a Profit After Tax of INR 44.36 crore for FY 2024–25. The company is also preparing to enter new segments such as green hydrogen, battery energy storage systems (BESS), and electric vehicle (EV) infrastructure.
June 06, 2025. By Mrinmoy Dey
The company also recommended a 15 percent dividend for its shareholders for the financial year ending March 31, 2025. This marks a steady growth as compared to the previous year, with the company meeting its performance targets and strengthening its position in the renewable energy space, the company said in a statement.
Apollo Green Energy continues to focus on delivering high-impact infrastructure through its core areas of EPC in green energy projects. With over 400 MW of solar capacity currently under its portfolio across multiple states, the company is targeting an EPC order book of 1 GW by 2026.
Apollo Green is also entering into the space of solar projects on PPA model and has secured the first two Power Project Agreements of 4 MW each in Rajasthan from Jodhpur Vidyut Vitran Nigam. The company plans to expand in this segment by way of creating a 100 percent subsidiary.
Raaja Kanwar, Chairman and Managing Director, Apollo Green Energy Ltd., said, “India’s renewable energy sector is entering a decisive growth phase, driven by the country’s increasing energy demand and its commitment to clean energy targets. Green energy is no longer an alternative; it's the future of infrastructure and industrial development. At Apollo Green, we are focused on building scalable and sustainable energy solutions that align with this national shift. Our vision is to support India's energy transition by combining strong execution with forward-looking investments in technologies like green hydrogen and energy storage. The 15 percent dividend this year reflects our financial discipline and intent to create value for our stakeholders while maintaining growth momentum.”
He further added, “This has been a productive year for us. We have ongoing EPC projects with NHPC across Odisha, Kerala, and Gujarat totalling 290 MW (AC), along with the successful delivery of an INR 700 crore FGD project in Anuppur. Our solar streetlight project in Bihar, with over 1,50,000 installations, will improve energy access and public lighting. We are now focusing on expanding our EPC pipeline and increasing our presence in emerging areas like IPP and energy storage.”
The company is also preparing to enter new segments such as green hydrogen, battery energy storage systems (BESS), and electric vehicle (EV) infrastructure as part of its long-term growth and sustainability roadmap. “As we move forward, our goal is to grow responsibly, support climate objectives, and deliver reliable, cost-effective clean energy solutions across the country,” stated Kanwar.
Apollo Green Energy currently operates in eight states across India and follows an asset-light, technology-enabled business model. With a growing order book of over INR 3,000 crore, Apollo Green is positioning itself as a reliable player in India’s clean energy space. The company is actively in talks with global partners for joint development of green hydrogen and long-duration storage projects.
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