The company aims to utilize the raised amount in green projects — majorly in solar power and rest in battery storage, green hydrogen, and electric vehicles chargers.

All our funds will be addressing green project requirements only. The main focus would continue to be solar projects and the remaining part will go to related segments. So, we will be adding the bubbles around the green energy concept," said Chief Executive Officer, Sanjay Gupta

Apollo Green Energy is an EPC company providing renewable energy solutions with about 400 MW solar power projects under construction.

Gupta added that the company would continue doing small scale conventional EPCs. Being an EPC company currently, they plan to transition into a developer in the solar space, he added.

"We are also planning to enter solar product manufacturing by FY 27. To start off with, we are targeting a 500 megawatt manufacturing line for which land has been identified," he said.

The firm is also into green hydrogen. According to Gupta the firm is currently in discussion with two large green hydrogen technology providers for an MoU where they will be the only company to execute their technology on the ground.