Themes › India › Utilities (Indian power, gas and water-linked infrastructure)
Utilities (Indian power, gas and water-linked infrastructure) companies in India
114 checked companies in 8 layers · map made 13 Nov 2026
Indian utilities cover electricity generation, transmission, distribution and gas distribution, and sit at the base of industrial and urban growth. Rising power demand from cooling, data centres, manufacturing and electrification is pushing generators and grid owners to add capacity, including renewables and storage. The key dynamic is that regulated returns in transmission and distribution give steady earnings, while generation and gas margins depend on fuel costs, tariffs, and the financial health of state distribution companies.
Thermal and hydro generation
- NTPC Limited NTPC · Market value ₹3.09 lakh crore, revenue ₹1.87 lakh crore (Mar 2026)
- NHPC Limited NHPC · Market value ₹76,162 crore, revenue ₹11,615 crore (Mar 2026)
- NLC India Limited NLCINDIA · Market value ₹33,007 crore, revenue ₹17,519 crore (Mar 2026)
- JSW Energy Limited JSWENERGY · Market value ₹94,369 crore, revenue ₹18,901 crore (Mar 2026)
- SJVN Ltd SJVN · Market value ₹22,569 crore, revenue ₹4,528 crore (Mar 2026)
- Vedanta Power Ltd VEDPOWER · Market value ₹13,655 crore, revenue ₹8,799 crore (Mar 2026)
- Jaiprakash Power Ventures Ltd JPPOWER · Market value ₹9,636 crore, revenue ₹5,563 crore (Mar 2026)
- Reliance Power Ltd RPOWER · Market value ₹7,680 crore, revenue ₹7,620 crore (Mar 2026)
- RattanIndia Power Ltd RTNPOWER · Market value ₹3,753 crore, revenue ₹2,991 crore (Mar 2026)
- Gujarat Industries Power Co Ltd GIPCL · Market value ₹2,446 crore
- Energy Development Company Ltd ENERGYDEV · Market value ₹73 crore
- Adani Power Ltd ADANIPOWER · Market value ₹3.97 lakh crore, revenue ₹54,241 crore (Mar 2026)
- Tata Power Company Limited TATAPOWER · Market value ₹1.11 lakh crore, revenue ₹62,429 crore (Mar 2026)
- Torrent Power Limited TORNTPOWER · Market value ₹61,526 crore, revenue ₹28,966 crore (Mar 2026)
- Ujaas Energy Ltd UEL
Renewable power producers
- Adani Green Energy Limited ADANIGREEN · Market value ₹2.31 lakh crore, revenue ₹12,928 crore (Mar 2026)
- NTPC Green Energy Limited NTPCGREEN · Market value ₹69,905 crore, revenue ₹2,858 crore (Mar 2026)
- ACME Solar Holdings Ltd ACMESOLAR · Market value ₹29,303 crore, revenue ₹2,023 crore (Mar 2026)
- Clean Max Enviro Energy Solutions Ltd CLEANMAX · Market value ₹15,811 crore, revenue ₹1,913 crore (Mar 2026)
- Juniper Green Energy Ltd JNPR · Market value ₹14,454 crore, revenue ₹719 crore (Mar 2026)
- KPI Green Energy Ltd KPIGREEN · Market value ₹6,353 crore, revenue ₹2,696 crore (Mar 2026)
- K.P. Energy Ltd KPEL · Market value ₹1,264 crore, revenue ₹1,488 crore (Mar 2026)
- Orient Green Power Company Ltd GREENPOWER · Market value ₹1,092 crore, revenue ₹293 crore (Mar 2026)
- Indowind Energy Ltd INDOWIND · Market value ₹153 crore, revenue ₹40 crore (Mar 2026)
- Karma Energy Ltd KARMAENG · Market value ₹40 crore
Power transmission and grid networks
- Power Grid Corporation of India Limited POWERGRID · Market value ₹2.39 lakh crore, revenue ₹46,733 crore (Mar 2026)
- Adani Energy Solutions Limited ADANIENSOL · Market value ₹1.76 lakh crore, revenue ₹27,588 crore (Mar 2026)
- Anzen India Energy Yield Plus Trust ANZEN · Market value ₹4,125 crore, revenue ₹457 crore (Mar 2026)
Integrated power distribution
- CESC Limited CESC · Market value ₹17,057 crore, revenue ₹18,570 crore (Mar 2026)
- Reliance Infrastructure Ltd RELINFRA · Market value ₹2,304 crore, revenue ₹21,151 crore (Mar 2026)
- India Power Corporation Ltd DPSCLTD · Market value ₹671 crore, revenue ₹683 crore (Mar 2026)
City gas distribution
- Indraprastha Gas Limited IGL · Market value ₹19,964 crore, revenue ₹16,168 crore (Mar 2026)
- Mahanagar Gas Limited MGL · Market value ₹11,454 crore, revenue ₹8,240 crore (Mar 2026)
Makers of their own products
- Surana Telecom and Power Ltd SURANAT&P · Market value ₹217 crore, revenue ₹61 crore (Mar 2026)
- Bharat Heavy Electricals Ltd BHEL · Market value ₹1.52 lakh crore, revenue ₹33,782 crore (Mar 2026)
- ABB India Ltd ABB · Market value ₹1.49 lakh crore, revenue ₹13,203 crore (Dec 2025)
- Hitachi Energy India Ltd POWERINDIA · Market value ₹1.41 lakh crore, revenue ₹8,148 crore (Mar 2026)
- CG Power & Industrial Solutions Ltd CGPOWER · Market value ₹1.31 lakh crore, revenue ₹12,418 crore (Mar 2026)
- Siemens Ltd SIEMENS · Market value ₹1.31 lakh crore, revenue ₹15,146 crore (Sep 2024)
- Polycab India Ltd POLYCAB · Market value ₹1.19 lakh crore, revenue ₹28,884 crore (Mar 2026)
- Suzlon Energy Ltd SUZLON · Market value ₹52,293 crore, revenue ₹16,732 crore (Mar 2026)
- KEI Industries Ltd KEI · Market value ₹38,561 crore, revenue ₹11,748 crore (Mar 2026)
- Thermax Ltd THERMAX · Market value ₹31,926 crore, revenue ₹10,774 crore (Mar 2026)
- Schneider Electric Infrastructure Ltd SCHNEIDER · Market value ₹25,367 crore, revenue ₹2,891 crore (Mar 2026)
- TD Power Systems Ltd TDPOWERSYS · Market value ₹19,764 crore, revenue ₹1,856 crore (Mar 2026)
- Finolex Cables Ltd FINCABLES · Market value ₹19,424 crore, revenue ₹6,321 crore (Mar 2026)
- Nava Ltd NAVA · Market value ₹16,288 crore, revenue ₹4,291 crore (Mar 2026)
- Triveni Turbine Ltd TRITURBINE · Market value ₹16,223 crore, revenue ₹2,181 crore (Mar 2026)
- Azad Engineering Ltd AZAD · Market value ₹15,861 crore, revenue ₹603 crore (Mar 2026)
- Karamtara Engineering Ltd KARAMTARA · Market value ₹12,181 crore, revenue ₹4,312 crore (Mar 2026)
- Atlanta Electricals Ltd ATLANTAELE · Market value ₹11,412 crore, revenue ₹1,852 crore (Mar 2026)
- Inox Wind Ltd INOXWIND · Market value ₹11,138 crore, revenue ₹4,397 crore (Mar 2026)
- Voltamp Transformers Ltd VOLTAMP · Market value ₹9,964 crore, revenue ₹2,154 crore (Mar 2026)
- Elecon Engineering Company Ltd ELECON · Market value ₹9,768 crore, revenue ₹2,366 crore (Mar 2026)
- Transformers & Rectifiers India Ltd TARIL · Market value ₹9,449 crore, revenue ₹2,507 crore (Mar 2026)
- Kanohar Electricals Ltd KANOHAR · Market value ₹8,277 crore, revenue ₹654 crore (Mar 2026)
- KSH International Ltd KSHINTL · Market value ₹6,980 crore, revenue ₹3,107 crore (Mar 2026)
- Skipper Ltd SKIPPER · Market value ₹6,119 crore, revenue ₹5,553 crore (Mar 2026)
- Universal Cables Ltd UNIVCABLES · Market value ₹4,162 crore, revenue ₹3,022 crore (Mar 2026)
- Laser Power & Infra Ltd LASERPOWER · Market value ₹2,959 crore, revenue ₹2,326 crore (Mar 2026)
- Lumino Industries Ltd LUMINO · Market value ₹3,110 crore, revenue ₹2,040 crore (Mar 2026)
- Bharat Bijlee Ltd BBL · Market value ₹3,082 crore, revenue ₹2,274 crore (Mar 2026)
- Indo Tech Transformers Ltd INDOTECH · Market value ₹2,929 crore, revenue ₹782 crore (Mar 2026)
- Marsons Ltd MARSONS · Market value ₹2,538 crore, revenue ₹245 crore (Mar 2026)
- Paramount Communications Ltd PARACABLES · Market value ₹2,195 crore, revenue ₹1,911 crore (Mar 2026)
- Exicom Tele-Systems Ltd EXICOM · Market value ₹1,949 crore, revenue ₹1,152 crore (Mar 2026)
- Dynamic Cables Ltd DYCL · Market value ₹1,801 crore, revenue ₹1,198 crore (Mar 2026)
- Quadrant Future Tek Ltd QUADFUTURE · Market value ₹1,721 crore, revenue ₹153 crore (Mar 2026)
- Insolation Energy Ltd INA · Market value ₹1,576 crore, revenue ₹98 crore (Mar 2026)
- Swelect Energy Systems Ltd SWELECTES · Market value ₹937 crore, revenue ₹657 crore (Mar 2026)
- Indosolar Ltd WAAREEINDO · Market value ₹902 crore, revenue ₹680 crore (Mar 2026)
- Neueon Corporation Ltd NEUEON · Market value ₹541 crore, revenue ₹16 crore (Mar 2026)
- Cords Cable Industries Ltd CORDSCABLE · Market value ₹397 crore, revenue ₹954 crore (Mar 2026)
- Aartech Solonics Ltd AARTECH · Market value ₹144 crore, revenue ₹41 crore (Mar 2026)
- Advance Metering Technology Ltd AMTL · Market value ₹26 crore
- Cmi Ltd CMICABLES · Market value ₹3 crore
Engineering and construction contracts
- Transrail Lighting Ltd TRANSRAILL · Market value ₹6,048 crore, revenue ₹6,880 crore (Mar 2026)
- Bajel Projects Ltd BAJEL · Market value ₹1,857 crore, revenue ₹2,792 crore (Mar 2026)
Other utility companies
- GE Vernova T&D India Ltd GVT&D · Market value ₹1.13 lakh crore, revenue ₹6,206 crore (Mar 2026)
- Siemens Energy India Ltd ENRIN · Market value ₹1.11 lakh crore, revenue ₹7,827 crore (Sep 2025)
- R R Kabel Ltd RRKABEL · Market value ₹22,436 crore, revenue ₹9,722 crore (Mar 2026)
- Powerica Ltd POWERICA · Market value ₹5,968 crore, revenue ₹3,012 crore (Mar 2026)
- Triveni Power Transmission Ltd TRIVENIPT · Market value ₹4,679 crore
- GE Power India Ltd GVPIL · Market value ₹4,147 crore, revenue ₹1,269 crore (Mar 2026)
- Jyoti Structures Ltd JYOTISTRUC · Market value ₹1,589 crore, revenue ₹751 crore (Mar 2026)
- KP Green Engineering Ltd KPGEL · Market value ₹1,402 crore, revenue ₹1,246 crore (Mar 2026)
- Systematic Industries Ltd SYSTEMATIC · Market value ₹559 crore, revenue ₹553 crore (Mar 2026)
- Vans Electroengineerings Ltd VANS · Market value ₹539 crore, revenue ₹23 crore (Mar 2026)
- Raksan Transformers Ltd RAKSAN · Market value ₹433 crore, revenue ₹363 crore (Mar 2026)
- Susan Electricals India Ltd SUSAN · Market value ₹398 crore, revenue ₹269 crore (Mar 2026)
- JD Cables Ltd JDCABLES · Market value ₹391 crore, revenue ₹365 crore (Mar 2026)
- Johnsoncab Electricals Ltd JOHNSONCAB · Market value ₹255 crore, revenue ₹210 crore (Mar 2026)
- United Van Der Horst Ltd UVDRHOR · Market value ₹248 crore, revenue ₹32 crore (Mar 2026)
- Plaza Wires Ltd PLAZACABLE · Market value ₹230 crore, revenue ₹318 crore (Mar 2026)
- Waaree Technologies Ltd WAAREE · Market value ₹210 crore, revenue ₹7 crore (Mar 2026)
- Accord Transformer & Switchgear Ltd ACCORDTS · Market value ₹175 crore, revenue ₹70 crore (Mar 2026)
- Globus Power Generation Ltd GLOBUSCON · Market value ₹165 crore
- Star Delta Transformers Ltd STARDELTA · Market value ₹152 crore, revenue ₹173 crore (Mar 2026)
- Jyoti Ltd JYOTI · Market value ₹142 crore, revenue ₹277 crore (Mar 2026)
- Surana Solar Ltd SURANASOL · Market value ₹115 crore, revenue ₹21 crore (Mar 2026)
- Ultracab (India) Ltd ULTRACAB · Market value ₹88 crore, revenue ₹260 crore (Mar 2026)
- Ampvolts Ltd AMPVOLTS · Market value ₹78 crore, revenue ₹21 crore (Mar 2026)
- Waa Solar Ltd WAA · Market value ₹56 crore
- Defrail Technologies Ltd DEFRAIL · Market value ₹49 crore
- Gita Renewable Energy Ltd GITARENEW · Market value ₹31 crore
- Tarapur Transformers Ltd TARAPUR · Market value ₹26 crore
- SRM Energy Ltd SRMENERGY · Market value ₹26 crore
- IND Renewable Energy Ltd INDRENEW · Market value ₹20 crore
- Veer Energy & Infrastructure Ltd VEERENRGY · Market value ₹19 crore
- B.C. Power Controls Ltd BCP · Market value ₹12 crore
- Quality Power Electrical Equipments Ltd QPOWER
- GMR Power & Urban Infra Ltd GMRP&UI · Market value ₹7,100 crore, revenue ₹7,332 crore (Mar 2026)
- PTC India Ltd PTC · Market value ₹4,103 crore, revenue ₹16,771 crore (Mar 2026)
- GVK Power & Infrastructure Ltd GVKPIL · Market value ₹338 crore, revenue ₹81 crore (Mar 2026)
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