India's first integrated solar roofing solution
APL Apollo Tubes and Ornate Solar announced their strategic partnership to design, engineer, build and manufacture innovative structural solutions for India's solar industry. The new venture would complement the existing business lines of both companies with the objective to leverage the shared expertise in structural steel engineering and solar energy to build integrated energy solutions
APL Apollo Tubes and Ornate Solar announced their strategic partnership to design, engineer, build and manufacture innovative structural solutions for India's solar industry.
The new venture would complement the existing business lines of both companies with the objective to leverage the shared expertise in structural steel engineering and solar energy to build integrated energy solutions which can provide a redefined outlook to sustainable construction.
APL Apollo with its investments into DFT (Direct Forming Technology) are already revolutionising the steel construction industry with their unique ability to manufacture customised rectangular steel sections which can be engineered to save building costs by up to 15% and enable 3x faster construction for infrastructure projects.
With its core philosophy of 'Growing Faster by Building Faster' and a focus on continuous innovation, APL Apollo has captured 55% of the market share for steel tubes across India and have won the trust of millions of consumers around the world.
Anubhav Gupta, Chief Strategic Officer of APL Apollo, speaking on the partnership with Ornate Solar at the 'NayiSoch' Steel Building Solutions conference held in Bangalore, said, "APL Apollo has consistently pushed the boundaries of steel construction with new product launches and revolutionary thinking. We have been the first to introduce structural steel square and rectangular hollow sections up to 300 x 300 mm; pre-galvanised (GP) structural steel tubes; Direct Forming Technology and hollow steel sections up to 500 x 500 mm. With InRoof, we are now the first to launch an integrated solar roof for the pre-engineered building industry. This innovative product will use APL Apollo's existing products such as solar torque tubes and coated products. This is in line with our strategy of creating new markets for our products."
"In Ornate Solar, we saw the same core philosophies of innovation and sustainability which drive their design thinking to create new products. We're excited to see how we can continue to further disrupt steel construction with this partnership and the addition of these products into our catalogue of building solutions."
Ornate Solar is amongst the leading solar energy providers in India having worked closely with the largest renewable energy companies from Israel, Austria, USA and India to deliver 750+ MW solar projects over the past eight years.
The APL Apollo Ornate InRoof which was unveiled at the event is India's first integrated solar roofing solution which can transform conventional solar panels into the primary roof for industrial sheds and commercial buildings. The patented assembly is completely rainproof and can be used for solar car parks, canopies and facades apart from roof integrated photovoltaic systems.
"We're excited to have this opportunity to bring indigenously designed and engineered products to the global solar landscape through this association with the Sudesh Gupta group. For over three decades they have revolutionised the steel tubes manufacturing, and are role models for this generation's entrepreneurs on how to build a sustainable business," said Aditya Goel, Chief Executive Officer of Ornate Solar.
"This partnership is a significant step forward in our commitment to help build a greener and cleaner planet by bringing a sharper focus and renewed vigour to our strategic growth plans in this space," Arvind Jain, Chief Operating Officer of Ornate Solar said at the launch.
The venture expects to do Rs 2,500 crore in revenues by FY27 and will need to hire about 250 engineering graduates by then. It will operate from the National Capital Region and house an innovation hub, a design centre for advanced technologies, as well as manufacturing facilities in other parts of India.
“India's plan to install 500 GW of renewable energy capacity by 2030 will involve an investment of at least Rs 2.44 lakh crore, which means that all the new applications and new ideas which can generate solar energy will be welcomed by the nation. That's where our concept plays very important role in sustainability,” said Anamika Gulati, Executive Vice President of the new venture of APL Apollo and Ornate Solar.
APL Apollo Group is India's largest manufacturer of steel pipes and tubes, with an annual capacity of more than 2.6 million tons and revenues of Rs 13,000 crores (as of FY22). As a part of the SG Group, it caters extensively to India, and exports to over 20 countries globally. The company's vast distribution network is spread across the domestic region within warehouses and branch offices in 29 cities.
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