Indian Utilities Low Leverage High Rewards

Gujarat Industries Power

Market Cap: ₹27.6b

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

Mahanagar Gas

Market Cap: ₹133.0b

Operates as a natural gas distribution company in India.

GAIL (India)

Market Cap: ₹1.2t

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

Indraprastha Gas

Market Cap: ₹269.6b

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