Indian Utilities Profitable Climbers

ACME Solar Holdings

Market Cap: ₹163.3b

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

Bajel Projects

Market Cap: ₹16.7b

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

SJVN

Market Cap: ₹260.0b

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

Gujarat Industries Power

Market Cap: ₹19.5b

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

NHPC

Market Cap: ₹769.3b

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

NTPC Green Energy

Market Cap: ₹801.0b

Engages in the renewable energy generation business in India.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

VA Tech Wabag

Market Cap: ₹74.8b

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.

Adani Power

Market Cap: ₹3.0t

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.

Adani Green Energy

Market Cap: ₹1.4t

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