Deals12 Jun 2025, 02:18 pm
SG Mart Forays into Renewables Sector with Supply of Solar Mounting Structures, Secures Orders worth Rs. 266 Cr
AI Summary
SG Mart, a leading player in the B2B construction material space, has entered the renewable energy sector by launching the supply of solar module mounting structures under the brand APL Apollo SunSteel. The company has already received confirmed orders amounting to Rs. 266 Cr from multiple Independent Power Producers (IPPs), signalling strong market acceptance of its new product line. SG Mart is leveraging its robust sourcing and distribution network to meet the rising demand for solar mounting solutions, driven by India’s renewable energy ambitions. Supplies have commenced, and deliveries for initial orders are underway.
Key Highlights
- SG Mart has entered the renewable energy sector by launching the supply of solar module mounting structures
- The company has already received confirmed orders amounting to Rs. 266 Cr from multiple IPPs
- SG Mart is leveraging its robust sourcing and distribution network to meet the rising demand for solar mounting solutions
- This strategic move aligns with SG Mart’s vision to diversify into sunrise sectors
- SG Mart now aims to play a vital role in India’s transition to green infrastructure by offering reliable, scalable, and cost-effective solar mounting solutions