Indian Utilities Low Leverage High Rewards

PTC India

Market Cap: ₹66.0b

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

Mahanagar Gas

Market Cap: ₹115.9b

Operates as a natural gas distribution company in India.

Indraprastha Gas

Market Cap: ₹232.4b

Distributes and sells natural gas in India.

GAIL (India)

Market Cap: ₹1.1t

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