Indian Utilities Big Green Snowflakes

NHPC

Market Cap: ₹907.8b

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

IRM Energy

Market Cap: ₹12.2b

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

PTC India

Market Cap: ₹54.0b

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

GAIL (India)

Market Cap: ₹1.3t

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

CESC

Market Cap: ₹212.5b

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

NLC India

Market Cap: ₹339.2b

Operates in the mining and power generation business in India.

Adani Power

Market Cap: ₹2.2t

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

Gujarat Industries Power

Market Cap: ₹29.3b

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

Indowind Energy

Market Cap: ₹2.8b

Generates and distributes power through windmills in India.

Gujarat State Petronet

Market Cap: ₹180.8b

Gujarat State Petronet Limited transmits natural gas through pipeline on an open access basis from supply points to demand centers in India.

ACME Solar Holdings

Market Cap: ₹135.1b

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

SJVN

Market Cap: ₹393.0b

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

VA Tech Wabag

Market Cap: ₹89.5b

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.

Gujarat Gas

Market Cap: ₹310.7b

Engages in the distribution of natural gas in India.

Torrent Power

Market Cap: ₹811.1b

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

JSW Energy

Market Cap: ₹887.9b

Generates and sells power in India.

NTPC

Market Cap: ₹3.5t

Primarily engages in the generation and sale of bulk power to state power utilities in India.

Power Grid Corporation of India

Market Cap: ₹2.9t

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

Indraprastha Gas

Market Cap: ₹259.7b

Engages in the distribution and sale of natural gas in India.

Tata Power

Market Cap: ₹1.3t

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

Positron Energy

Market Cap: ₹2.6b

Engages in the distribution and sale of coal bed methane/natural gas, and other allied services and activities in India and internationally.

Mahanagar Gas

Market Cap: ₹130.7b

Operates as a natural gas distribution company in India.

GVK Power & Infrastructure

Market Cap: ₹5.6b

Engages in the energy, airport, transportation, hospitality, and life sciences businesses in India and Indonesia.

Veer Energy & Infrastructure

Market Cap: ₹286.1m

Engages in the development, construction, implementation, and operation of renewable energy and other infrastructure projects in India.

Jaiprakash Power Ventures

Market Cap: ₹107.6b

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

Chamunda Electrical

Market Cap: ₹528.8m

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

K.P. Energy

Market Cap: ₹27.1b

Provides balance of plant solutions for wind industry in India.

RattanIndia Power

Market Cap: ₹60.9b

Together with its subsidiary, Poena Power Development Limited, engages in power generation, distribution, trading and transmission, and other ancillary and incidental activities in India.

KKV Agro Powers

Market Cap: ₹277.8m

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

Shivamshree Businesses

Market Cap: ₹110.5m

Engages electric power generation using solar energy.

India Power

Market Cap: ₹12.8b

Engages in the generation and distribution of electricity in India.

KPI Green Energy

Market Cap: ₹85.2b

Generates and supplies solar power under Solarism brand name in India.

Reliance Infrastructure

Market Cap: ₹105.4b

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

Karma Energy

Market Cap: ₹642.1m

Generates power from renewable energy sources in India.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Jayshree Chemicals

Market Cap: ₹266.3m

Primarily engages in the chemical trading business in India.