SG Mart Ltd — Updates, 12-06-2025: Company Update

SG Mart has announced a board meeting on the launch of its solar module mounting structures under the brand APL Apollo SunSteel, marking its entry into the renewable energy sector. The company has secured confirmed orders worth Rs. 266 Cr (excluding GST) from Independent Power Producers, with supplies underway. Leveraging its strong steel sourcing and pan-India distribution network, SG Mart aims to scale this new segment rapidly. This move supports the company’s diversification strategy and positions it to benefit from India’s growing renewable energy market.