List of Power Stocks in India

India has a huge demand for electricity and the companies dealing with production and distribution of electricity are referred to as power companies. The power stocks have performed exceptionally well as shown by the BSE Power index, which comprises 13 power generation and distribution companies. The index has grown by 91 percent in last one year and 348 percent in last five years, which makes its component stocks good options for long-term investment.

The stocks of power companies have shown remarkable resilience and growth in the past year with most of them scoring exceptionally well. Take for example, the stock of Adani Power that has grown 114 percent over the past year and Power Grid Corporation of India Limited (PGCIL) which has grown by 84 percent in the past year. So, it is not wrong to say that the power stocks are the talk of the town. But why are power stocks rallying?  

India is the third largest producer and the second largest consumer of electricity in the world. India’s installed power generation capacity is 4,17,688 MWs, of which 50.7 percent is generated by the private sector. In the last ten years, the peak demand in India has increased from 156871 MWs in 2015-16 to 249856 MWs in 2024-25.

With power stocks rallying, I know you might be wondering which are the power stocks listed in India. Don’t worry. Today we are going to take a look at the list of power stocks listed on the Indian stock exchanges. Let’s begin. In this article: Overview of the power sector List of power stocks listed on the Indian stock exchanges 1. Adani Green Energy Limited  2. Adani Transmission Ltd. 3. Power Grid Corporation of India  4. National Thermal Power Corporation 5. Adani Power 6. Tata Power

Overview of Power Sector in India

India is the third largest producer and second largest consumer of electricity in the world. But the country is still focusing on generating more power. Hence they have increased the installed capacity from to 417 GWs as on January 2024. Out of India’s total installed capacity, the private sector contributes 50.7%. Until 2012, the contribution from the private companies was 27%. But later, the government came up with new policies to encourage private sector participation in the power generation segment. The biggest advantage for companies in the power sector is that there are high entry barriers. Transmission and distribution segments are under state monopolies. So, if a company desires to enter into the power sector then they will face multiple challenges such as obtaining a distribution license, payment guarantees, selling at a fixed cost and a lot more. So, the stocks which are currently operating in the power sector are going to stay in the game for the long term

List of Power Stocks Listed 2024

Now, let’s take a look at the details of the top power stocks in India as per market capitalization.

Adani Green Energy Limited 

Adani Green Energy is a part of the Adani group. It is one of the largest renewable energy companies in India. The company is engaged in the business of power generation. It has a current project portfolio of 20,284 MegaWatt (MW). The company also develops, builds, owns, operates and maintains solar and wind farm projects. This generated energy is then supplied to central and state government entities and government-backed corporations. Let’s take a look at the key financial ratios of Adani Green Energy Limited.

*Data as on 9th August 2024

Adani Energy Solutions 

Formerly known as Adani Transmission, it is an electric power transmission company. It is also a part of the Adani group. The company is headquartered in Ahmedabad, India. Currently, it is one of the largest private sector power transmission companies in India. Adani Energy Solutions own and operate transmission lines across various states of Gujarat, Rajasthan, Bihar, Jharkhand, Uttar Pradesh, Maharashtra, and a lot more. Let’s take a look at the key financial ratios of Adani Energy Solutions.

*Data as on 9th August 2024

Power Grid Corporation of India 

Power Grid Corporation is India’s largest electric power transmission company. It is a public sector undertaking, owned and managed by the Ministry of Power. The government of India holds a 51.34% stake in the company. It has set up power transmission lines which are 1,72,437 circuits KM long and has a power generation capacity of 4,74,457 Mega Volt Ampere (MVA). The company has over 150 domestic clients and more than 25 international clients. The company has also listed its Infrastructure Investment Trust (InvIT) named Powergrid Infrastructure Investment Trust. By doing so they have monetized 5 InvIT assets worth Rs. 7,700 crore. Let’s take a look at the key financial ratios of Power Grid Corporation of India

*Data as on 9th August 2024

National Thermal Power Corporation

NTPC is involved in generation of bulk power to state power utilities. Apart from this, the company also provides consultancy services, project management and supervision service, energy trading, oil and gas exploration and coal mining. Currently, the company has 70 power plants which have an energy generation capacity of 63,000 Megawatts (MV) as on June 2020. In 2020, NTPC acquired the entire government stake in Tehri Hydro Development Corporation Limited (THDC) and North Eastern Electric Power Corporation Ltd (NEEPCO). Both of these companies have an installed capacity of 3,300 MW which is an additional benefit to NTPC. Let’s take a look at the key financial ratios of NTPC

*Data as on 9th August 2024

Adani Power

Adani power is one of the renowned thermal power producers in India. It generates 98% of its revenue from power supply, 1% from trading goods and 1% from sale of fly ash. It has an installed thermal power generation capacity of 12,410 Mega Watt (MW) from its six power plants. Moreover, Adani power is further trying to grow its power generation capacity and hence they have seven more power plants under construction. These seven plants have a power generation capacity of more than 7,000 MV. Let’s take a look at the key financial ratios of Adani Power

*Data as on 9th August 2024

Tata Power

Tata power is engaged in the business of power generation, transmission and distribution of electricity. It generates electricity through thermal, hydro and renewable energy. The company has a total power generation capacity of 12,808 MV. The company generates its revenue from these segments.

1. 37% from the power generation segment.
2. 16% from renewable energy sources i.e. wind and solar.
3. 46% of revenues comes from the transmission & distribution segment.

Let’s take a look at the key financial ratios of Tata Power

*Data as on 9th August 2024

Bottom line

With this we come to the end of this article on the best power stocks listed in India. Now, it is obvious that the power sector is forever going to be in demand as people are never going to stop using power. To know which are the best power stocks to buy, all you need to do is visit Samco’s star ratings page and check the ratings for stocks from the power sector. The star rating provided in Samco star is revised daily and is calculated using more than twenty million data points. It also mentions the financial ratios of the stock and pros and cons of investing in the company. So, researching the best power stocks just got simpler. To invest in any of the power stocks, open a Demat account with Samco.

Happy Investing