Indian Utilities Mid-Large Cap Stocks

Gujarat Energy

Market Cap: ₹199.4b

Engages in the distribution of natural gas in India.

CESC

Market Cap: ₹217.3b

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

Mahanagar Gas

Market Cap: ₹111.3b

Operates as a natural gas distribution company in India.

Power Grid Corporation of India

Market Cap: ₹2.6t

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

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.

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.

Tata Power

Market Cap: ₹1.2t

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

SJVN

Market Cap: ₹278.5b

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

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.

Torrent Power

Market Cap: ₹715.2b

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

NLC India

Market Cap: ₹436.4b

Engages in the mining and power generation business in India.

Indigrid Infrastructure Trust

Market Cap: ₹171.1b

Operates as an infrastructure investment trust that owns and operates power transmission, renewable generation, and energy storage assets in India.

JSW Energy

Market Cap: ₹1.0t

Generates and sells power in India.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power 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.

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.

Adani Total Gas

Market Cap: ₹796.2b

Engages in the city gas distribution (CGD) business in India.

Reliance Power

Market Cap: ₹103.9b

Engages in the development, construction, and operation of power projects in India and internationally.

Vedanta Power

Market Cap: ₹163.6b

Vedanta Power Limited builds, owns, and operates a coal based thermal power plant in Punjab.

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.

Jaiprakash Power Ventures

Market Cap: ₹116.6b

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

NTPC Green Energy

Market Cap: ₹792.9b

Engages in the renewable energy generation business 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.