SG Mart Enters Renewables Sector with Supply of Solar Mounting Structures
SG Mart has forayed into the renewable energy sector with the launch of solar module mounting structures under the APL Apollo SunSteel brand. The company has already secured orders worth INR 266 crore from multiple IPPs in a strong debut.
June 13, 2025. By Mrinmoy Dey
The company has already received confirmed orders amounting to INR 266 crore (excluding GST), from multiple Independent Power Producers (IPPs), signalling strong market acceptance of its new product line, the company said in a statement.
To meet the rising demand for solar mounting solutions, driven by India's renewable energy ambitions, the company is leveraging its robust sourcing and distribution network. Supplies have commenced, and deliveries for initial orders are underway, it said.
Commenting on the development, Shiv Bansal, Joint Managing Director of SG Mart, said, “We are receiving an encouraging response from IPPs and EPC contractors across the country. The demand momentum validates our decision to diversify into the renewable space. Supported by SG Mart's strength of steel procurement, which is a raw material for solar structures, and pan-India distribution, we are well positioned to scale this segment rapidly.”
This strategic move aligns with SG Mart's vision to diversify into sunrise sectors while capitalising on its strong steel procurement capabilities and established relationships with IPPs, EPC contractors, and other key stakeholders in the infrastructure ecosystem.
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