India is the third largest producer of electricity in the world. During the fiscal year 2022-23, the total electricity generation in the country was 1844 TWh.
Recently at the 50th foundation day of the Central Electricity Authority (CEA) which is an organization under the Ministry of Power, Government of India, the Minister of Power and New & Renewable Energy addressed the need to increase the pace of addition of transmission and generation capacity.
The mission is to provide enough electricity to power growth so that India is able to grow even faster than it is growing right now, at around 9% to 10%.
The power sector in India is witnessing a sharp upside in stocks because of the government’s initiative to increase the electricity generation capacity. Many power companies in India are receiving a considerable investment boost to fulfill the country’s growing power needs.
The power sector in India encompasses various segments including generation, transmission, and distribution. Some of the major power sector stocks in India associated with companies operating in these segments are:
Adani Power: It is a private power generation company and is part of the Adani Group. It operates thermal and solar power projects across India. It focuses on providing power generation and coal trading. It holds a market cap of Rs 1,31,849 crores.
JSW Energy: It is an India-based power company engaged in the business of power generation through thermal and renewables. Its segments include Thermal, which comprises the generation of power from coal and other thermal sources, and Renewables which comprises the generation of power from renewable energy sources through hydro, wind, solar, and related ancillary services. It holds a market cap of Rs 64,554 crores.
NLC India: It is an Indian company that is engaged in the business of mining lignite, coal, and generation of power by using lignite as well as renewable energy sources and consultancy. The company’s segments include mining and power generation. It has a market cap of Rs 19,149 crores.
KEC International: This company is an engineering, procurement, and construction EPC company that has a major presence in the verticals of power transmission and distribution, railways, civil and urban infrastructure, solar, oil and gas pipelines, and cables.
NTPC: It is an Indian power-generating company primarily involved in the generation and sale of bulk power to the state power utilities. The company operates a total of 89 power stations across various Indian states, either independently or through its joint ventures and subsidiaries. It is also engaged in providing consultancy, project management and supervision, energy trading, oil and gas exploration, and coal mining. It holds a market cap of Rs 2,34,756 crores.
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