Apollo Tyres Increases Renewable Energy Holding with 3.43% in Green Infra Wind Power Projects

Image Source: Autocar Professional

Apollo Tyres Ltd has deepened its focus on green energy by purchasing an additional 3.43% holding in Green Infra Wind Power Projects Ltd (GIWPPL). This acquisition raises Apollo's overall holding in GIWPPL to 21.27%, strengthening its long-term strategy of incorporating renewable energy into its business.

Stake Acquisition Details

Apollo Tyres acquired 60,000 equity shares at ₹10 per share for ₹6 lakh.
The acquisition increases Apollo's shareholding in GIWPPL to 21.27% from 17.84%.

Green Infra Wind Power Projects Overview

GIWPPL has a 24 MW wind power project in Tamil Nadu.
The company is a subsidiary of Sembcorp Green Infra Private Limited, concentrating on clean energy solutions.

Strategic Importance of the Investment

Apollo Tyres intends to source wind power to augment its manufacturing activities.
The investment is in line with India's drive for the adoption of renewable energy.

Financial & Market Impact

GIWPPL had a turnover of ₹235.25 million as of March 31, 2024, indicating consistent growth.
Apollo Tyres' share price was ₹456.95 per share on April 29, 2025, up 8.02% from the previous month.

Future Outlook & Sustainability Goals

Apollo Tyres continues to widen its green energy ambitions, narrowing its carbon footprint.
Apollo Tyres is likely to finalize the acquisition during the first week of May 2025.

The strategic investment also indicates the company's focus on sustainability, further establishing its place in the renewable energy space.

Sources: Angel One, Tyre Trends, Ventura Securities