Gujarat Apollo Industries Limited has outlined a multi-year growth roadmap aimed at generating over ₹300 crore in combined revenue through expansion in infrastructure equipment and agriculture machinery businesses. The strategy positions both segments as key drivers of growth over the next 3 fiscal cycles.
Under the company’s plan, the infrastructure equipment division is expected to contribute around ₹210 crore in revenue within 3 years. This segment focuses primarily on road construction and mining equipment, including asphalt mixing plants, wet mix plants, paver finishers, crushers, vibrating screens and conveyors.
At the same time, the agriculture equipment business is projected to generate ₹90 crore in revenue over 2 years. This segment operates through entities such as Fieldtrack, Krishitek Industries and Ganesh Agro Equipment, which manufacture products ranging from small tractors in the 14–25 HP range to reapers, weeders, thrashers, potato planters, flail mowers and rotavators.
To support this strategy, Gujarat Apollo has committed ₹26 crore in capital expenditure, funded through the conversion of preferential warrants into equity. The investment will be used to modernise and expand manufacturing facilities across both the parent company and its subsidiaries.
The company’s manufacturing units are located near Mehsana, about 60 kilometres north of Ahmedabad, and occupy land parcels of 30,000 square metres and 17,000 square metres. The current expansion programme is expected to be completed by June 2026, with Phase II expansion planned for 2028.
The company has structured its growth roadmap into 3 phases over 36 months. The first phase focuses on strengthening the foundation through the 50% acquisition of Ganesh Agro and execution of the ₹26 crore capex programme. The second phase targets business acceleration through expansion of the agriculture equipment dealer network, leveraging brand presence in infrastructure equipment and introducing pick-and-carry cranes currently under development.
The final phase aims at achieving revenue goals of more than ₹210 crore from infrastructure equipment and over ₹90 crore from agriculture equipment, supporting the overall ₹300 crore revenue objective.
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As of 13 March 2026, at 11:45 AM, Gujarat Apollo Industries Limited share price is trading at ₹408.70 per share, reflecting a gain of 1.25% from the previous closing price. Over the past month, the stock has gained by 0.71%.
With investments in manufacturing capacity, product expansion and a dual-sector growth strategy, Gujarat Apollo Industries aims to strengthen its position in both infrastructure and agriculture equipment markets while targeting significant revenue growth over the coming years.
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Published on: Mar 13, 2026, 1:12 PM IST
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