Indian Utilities Big Green Snowflakes

Gujarat Energy

Market Cap: ₹199.4b

Engages in the distribution of natural gas in India.

Mahanagar Gas

Market Cap: ₹111.3b

Operates as a natural gas distribution company in India.

NHPC

Market Cap: ₹801.8b

Engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India and Nepal.

CESC

Market Cap: ₹217.3b

An integrated electrical utility company, engages in the generation and distribution of electricity in India.

PTC India

Market Cap: ₹51.0b

Engages in the trading and generating of power in India, Nepal, Bhutan, and Bangladesh.

VA Tech Wabag

Market Cap: ₹138.5b

Engages in the design, supply, installation, construction, operation, and maintenance of drinking water, waste and industrial water treatment, and desalination plants in India and internationally.

Power Grid Corporation of India

Market Cap: ₹2.6t

An electric power transmission utility, engages in the power transmission business in India and internationally.

KKV Agro Powers

Market Cap: ₹327.7m

Operates as a precious metals and renewable energy generation and trading company in India.

ACME Solar Holdings

Market Cap: ₹266.5b

A solar independent power producing company, engages in developing, building, owning, operating, and maintaining utility scale grid connected solar power projects in India.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

Indraprastha Gas

Market Cap: ₹215.7b

Distributes and sells natural gas in India.

NTPC

Market Cap: ₹3.3t

Operates as an integrated power company in India and Mauritius.

IRM Energy

Market Cap: ₹10.8b

A city gas distribution company, engages in the laying, building, operating, and expanding of city and local natural gas distribution networks in India.

Bajel Projects

Market Cap: ₹21.9b

Engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally.

Positron Energy

Market Cap: ₹1.4b

Distributes and sells coal bed methane and natural gas in India and internationally.

NLC India

Market Cap: ₹436.4b

Engages in the mining and power generation business in India.

Gujarat Industries Power

Market Cap: ₹25.5b

Engages in the generation, transmission, and distribution of electricity to power purchasing companies in India.

ZR2 Bioenergy

Market Cap: ₹2.0b

Operates as a bioenergy manufacturing company.

Chamunda Electrical

Market Cap: ₹501.8m

Engages in the operation, maintenance, testing, and commissioning of electrical substations in India.

Tata Power

Market Cap: ₹1.2t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

K.P. Energy

Market Cap: ₹22.2b

Provides balance of plant solutions for wind energy sector in India.

Adani Power

Market Cap: ₹4.2t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Clean Max Enviro Energy Solutions

Market Cap: ₹156.9b

Engages in development and maintenance of renewable energy projects, such as solar and wind power solutions for commercial and industrial customers.

Karma Energy

Market Cap: ₹457.0m

Engages in the generation of power from renewable sources in India.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

SRM Energy

Market Cap: ₹203.1m

Does not have significant operations.

Lexora Global

Market Cap: ₹2.0b

Through its subsidiary, engages in the trading, development, and implementation of solar photovoltaic modules, wind energy parks, and renewable energy products and infrastructure in India.

Veer Energy & Infrastructure

Market Cap: ₹187.0m

Develops, constructs, implements, and operates various projects in the renewable energy sector in India.

Indowind Energy

Market Cap: ₹1.2b

Generates and distributes power in India.

Waa Solar

Market Cap: ₹668.6m

Engages in the power generation and transmission business primarily in India.

SJVN

Market Cap: ₹278.5b

Engages in the generation and sale of electricity in India and internationally.

Jaiprakash Power Ventures

Market Cap: ₹116.6b

Engages in the power generation and cement grinding businesses in India.

Adani Green Energy

Market Cap: ₹2.5t

Generates and supplies renewable energy to central and state government entities and government backed corporations in India.

Reliance Infrastructure

Market Cap: ₹28.7b

An infrastructure company, generates, transmits, and distributes electrical power to residential, industrial, commercial, and other consumers in India.

Torrent Power

Market Cap: ₹715.2b

Engages in the generation, renewables, transmission and distribution of electricity in India.

Shivamshree Businesses

Market Cap: ₹140.7m

Engages electric power generation using solar energy.