Sunsure Energy begins power supply to APL Apollo in Uttar Pradesh

Sunsure Energy, a renewable power producer in India, has started supplying solar power to Apollo Pipes Limited and Apollo Metalex Pvt. Ltd., both part of the APL Apollo Group (BSE: 533758, NSE: APLAPOLLO), a producer of structural steel tubes and pipes. Sunsure will supply 10.5 million units of renewable energy annually from its plant in Mahoba, U.P., enabling the companies to offset 7,500 metric tonnes of CO2e emissions each year. This supply will meet over 50% of the power requirements for Apollo Pipes and Apollo Metalex with renewable energy.

APL Apollo Tubes Limited, with a production capacity of 3.6 million tonnes per annum, has prioritized an Environmental, Social, and Governance (ESG) framework, aiming to achieve net zero emissions by 2050. The company has signed with the Science Based Targets Initiative (SBTi) to reduce 25% of scope 1 & 2 emissions per metric ton of steel by 2030 and to provide renewable energy to all manufacturing plants by 2025.

Commenting on the partnership, Mr. Harsh Agrawal, of APL Apollo said, “As India’s leading branded structural steel tube manufacturer, APL Apollo is delighted to partner with Sunsure Energy as part of ongoing efforts to transition to green energy and enhance operational efficiency. We are focussed on green technologies that help us achieve our target of achieving a 47% renewable energy consumption rate by FY 2024-25 up from 37% in FY2022-23. This partnership with Sunsure Energy underscores our commitment to make the move to renewable energy sources as a core aspect of our business goals.”

Mr. Vinod Sharma, S.V.P. Business Development of Sunsure Energy commented: “We are delighted to partner with APL Apollo in their journey to transition to renewable energy as part of their ESG roadmap. We commend their ambition of being net-zero by 2050. For Sunsure Energy, this partnership expands our market share in Uttar Pradesh. We are supplying clean energy to some of the leading businesses in the state. This project aligns with our dedication to delivering customised suite of renewable energy solutions that drive both economic growth and environmental responsibility.”

Sunsure Energy supplies renewable energy solutions to over 70 Indian industrial companies across 16 states, including multinational companies like Sandoz, KSB Pumps, Emcure, and Olon API. The company has 120 MW of operational capacity in Uttar Pradesh and serves major businesses in various sectors, including Dabur, Inox Air Products, Kajaria, APL Apollo, Merino Industries, and Orient Bell.