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Best Electricity Companies in India | Power Companies (2023)
If you are looking for power generation companies in India, here is the list of the best power and electricity companies in India based on their installed capacity, total sales, and annual revenue.
Did you know India is the third-largest producer and the second-largest consumer of electricity in the world?
India has an installed power capacity of over 410.3 GW or (383,000 MW) in the year Dec 2022, as stated by the Central Electricity Authority. It also holds the sixth position amongst the companies that make significant investments in the power sector.
Many projects like Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), Ujwal DISCOM Assurance Yojana (UDAY), and integrated power development scheme have promoted better investors and initiators for the power sector companies in India.
Without further ado, let’s check the top power generation companies in India.
Top 10 Electricity Companies in India
|S. No||Power Companies in India||Estd. Year|
|2.||Adani Power Limited.||1996|
|3.||Tata Power Company Ltd.||1911|
|4.||JSW Energy Ltd.||1994|
|5.||Power Grid Corporation of India Ltd.||1989|
|6.||Reliance Power Ltd.||1995|
|7.||Adani green energy Limited||2015|
|8.||Torrent Power Ltd.||1996|
Top 10 Electricity and Power Companies in India
Here is the list of the best electricity companies in India ranked as per the installed power capacity, operating income, total assets, equity values, and annual revenue.
1. NTPC Limited
NTPC Limited is India’s largest and one of the best Electricity Companies in India with an installed capacity of 64,085 MW. It is a public sector company involved in the business of electricity generation and power-related activities. It is owned by the Ministry of Power under the Government of India.
The company has headquartered in New Delhi and serves many regions of the country. It takes care of about 25% of the power source needed for the country with a total production volume of 25 billion units approximately.
The main power generation is from 24 coal-based, 14 solar-based, 7 gas-based, 1 Hydro, 1 Wind, and 1 Small hydro plant. Under Joint Venture, NTPC has 9 coal-based, 13 renewable, and 4 gas-based energy projects.
- Total Revenue: INR 134,994 Crores
- EPS: 17
- ROE: 12.31
- Current Ratio: 0.91
The company is actively involved in electricity generation and distribution, natural gas exploration, transportation, and distribution.
2. Adani Power Limited
Adani Power is an Indian subsidiary of the Indian conglomerate company of the famous Adani group. It is the largest private sector company with an installed capacity of 12,450 MW as of 2020.
The power company is Headquartered in Ahmedabad, it serves the nation with electricity, power, and coal gas.
- Total Revenue: INR 31,686 Crores
- EPS: 10
- ROE: -2.28
- Current Ratio: 0.04
The company is widely involved in sales and distribution, electricity generation and distribution, wind power, and energy trading. It is amongst the top 10 best flourishing companies in the energy industry.
3. Tata Power Company Ltd.
Tata Power is an electrical utility company of the widely acclaimed TATA group. Based in Mumbai, the company generates, transmits, and distributes electricity to many regions of the city.
With an installed capacity of 12,321 MW, it is one of the largest power companies in India. It’s the first company to transport 1 GW of solar power.
- Total Revenue: INR 14,095 Crores
- EPS: 8.61
- ROE: 25.57
- Current Ratio: 0.58
TATA Power has operations in Singapore, South Africa, and Bhutan apart from 35 locations in various cities of India.
With the main segments being electrical utility and natural gas, they also offer services like generation, transportation, and distribution of the same.
4. JSW Energy Limited
JSW Energy Limited (JSWEL) is an Indian-based electrical utility company with an operational generating capacity of 5,681 MW and with a combined installed capacity of 8,630 MW.
With its headquarters in Mumbai, it serves over 43 locations in the country and is one of the largest electricity companies in India.
- Total Revenue: INR 3,871 Crores
- EPS: 3.47
- ROE: 4.22
- Current Ratio: 2.92
Their main segments of business include electricity generation and transmission, hydroelectricity, energy trading, mining, power plant equipment manufacturing, and natural coal gas electrification.
The company has witnessed a good hike in the profit rate managed by 1,000+ employees. The company operated facilities in Vijayanagar and Ahmedabad. It is the part of JSW Group that is one of the largest steel companies in India.
5. Power Grid Corporation of India
Power Grid is an Indian public sector company and a Maharatna utility owned by the ministry of power. It is headquartered in Gurugram, it transmits 50% of the total power transmitted in the country.
The company is actively involved in energy transmission, distribution, and trading.
- Total Revenue: INR 42,697 Crores
- EPS: 24
- ROE: 22.44
- Current Ratio: 0.73
Apart from these, the company is also responsible for power grid development and transmission in over 12 locations in the country. The government holds 51.34% of the shares and the company has a total of 9,255 employees.
6. Adani Green Energy Limited
Adani Green Energy Limited is one of the renewable power and electricity companies in India serving over 20+ locations. The company has operational power and electricity capacity of 3,245 MW as of 2021.
Headquartered in Ahmedabad, India, the company focuses on the production and transmission of solar energy and wind energy. It is a unit of the Adani Group and one of the best solar companies in India.
During their initial days, AGEL and inox wind together established a 20MW capacity wind power project in Lahori, Madhya Pradesh.
- Total Revenue: INR 11,161 Crores
- EPS: -0.76
- ROE: -3.81
- Current Ratio: 0.83
The company currently manages 5,290 MW of wind energy and solar power plants including 46 operational projects in 11 states of India including Punjab, Maharashtra, Gujarat, and Karnataka.
It is focusing on developing a renewable portfolio of 25 GW which includes wind power, solar power, and hybrid power projects by 2025.
7. Torrent Power Limited
Torrent Power Limited is an Indian-based company engaged in electricity generation, transmission, and distribution. It currently operates in the states of Gujarat, Maharashtra, and Punjab.
It is headquartered in Ahmedabad and serves the whole nation. The company has a total installed power capacity of 3,879 MW as of 2022.
- Total Revenue: INR 14,011 Crores
- EPS: 8.52
- ROE: 4.11
- Current Ratio: 0.98
Their services include the sale and distribution of electricity, wind power, and energy trading.
The total number of employees is about 7,874 with a mission to become the leading power utility in the country. The company has also installed a transmission line of 249Km for energy transmission through the cities.
8. NHPC Limited
NHPC Limited is an Indian Hydropower Generation company with a mission to plan and promote integrated and efficient development of hydroelectric power in all aspects. Headquartered in Faridabad, it is a public limited company.
The company is actively involved in electricity generation and energy trading. The authorized capital of the company is about 2,000 Million with a power station in the Salai dam.
- Total Revenue: INR 9,379 Crores
- EPS: 4.79
- ROE: 10.56
- Current Ratio: 1.93
The company also has set transmission lines and generating facilities in over 30 locations. It is one of the top 50 best companies for electricity and power generation.
9. Reliance Power Limited
Reliance Power Limited is a public sector power utility of the renowned reliance group. Formerly known as the reliance energy generation limited, it is the sole distributor of electricity in the suburbs of Mumbai and Andhra Pradesh.
The company has an installed power capacity of 5,945 MW as of 2020 which makes it one of the top electricity companies in India in terms of production.
It was founded by Dhirubhai Ambani for easy transmission of electricity and energy through sub-urban regions. It is among the 500 fortune global companies and is also one of the largest corporations in the country.
The company has established its presence in the industry through coal-based thermal power plants, gas-based thermal power plants, shelved thermal power plants, and renewable energy. It has a lot of facilities and over 50 subsidiaries.
10. Satluj Jal Vidyut Nigam Limited
Satluj Jal Vidyut Nigam Limited is one of the best public sector hydroelectric power generation companies in India. It is also the largest amongst the other hydroelectric power companies in India.
The company has an installed power capacity of 1,912MW. This electricity company is headed by Mr. Nand Lal Sharma who is an Executive Director-Chairperson-MD since 2017.
SVJN Thermal Private Limited is one of the famous subsidiaries of the company.
Final Thoughts on Power Generation Companies in India
So these are the best electricity companies in India that are serving power and electricity to the whole of the nation. The rank is based on the installed production capacity, annual revenue, and other important details of companies.
The power sector Companies in India are now using renewable energy sources to generate electricity. I hope you found this list helpful. If you’ve doubts or suggestions, feel free to comment below.