Leading power generation companies in India


Infrastructural development & economic growth of country is dependent on the power production capability of the country. As economies grow, energy demand increases; if energy is constrained, GDP growth pulls back in turn.

India is the third-largest producer and consumer of electricity worldwide, with capacity of 404.13 GW as of July 31, 2022. As per the National Infrastructure Pipeline 2019-25, energy sector projects accounted for the highest share (24%) out of the total expected capital expenditure.

NTPC Limited

NTPC Ltd. is India’s largest player in energy sector with an installed capacity of 69.01 GW as of FY2022. NTPC was established in 1975, the company aims to become a 130 GW company by 2032. Ntpc Limited has 12 directors – Gurdeep SinghJaikumar Srinivasan, and others.

Operating RevenueOver INR 500 cr
EBITDA 18.98 %
Networth 5.74 %
Debt/Equity Ratio1.41
Return on Equity8.90 %


Adani power

Adani power is the one of the well-known names in private-sector power player in India with an installed capacity of 19.02 GW as of FY2022. It is growing at a CAGR of 10.8% over the last 7 years which is the fastest pace in the industry. It aspires to be world’s largest renewable energy company by 2030. Adani Power Limited has six directors – Gautam Shantilal AdaniRajesh Shantilal Adani, and others.

Operating RevenueINR 100 cr – 500 cr
EBITDA 201.80 %
Networth 8.20 %
Debt/Equity Ratio0.36
Return on Equity-2.92 %


Tata Power

Tata Power was established in 1911 by Shri Jamshetji Tata. It is the third largest energy production company in India and has been growing at a CAGR of 6.5% and is also one of the companies which are committing to renewable energy. They have deployed EV charging solutions with over 1,000+ EV charging points across 200 different cities. Tata Power Green Energy Limited has five directors – Kailash Pati MaliAshish Khanna, and others.

Operating RevenueUnder INR 1 cr
EBITDA -371.80 %
Networth -1,113.51 %
Debt/Equity Ratio-1.23
Return on EquityN/A


JSW Energy

JSW Energy, is a part of JSW Group, with an installed capacity of 4.56 GW was founded in year 1994. JSWEL is working towards to invest in large-scale hydro pumped storage (PSP) and green hydrogen projects. Jsw Energy Limited has eight directors – Sajjan JindalMunesh Narinder Khanna, and others.

Operating RevenueOver INR 500 cr
EBITDA -9.02 %
Networth 23.75 %
Debt/Equity Ratio0.08
Return on Equity1.60 %


Reliance Power Ltd

Reliance Power Ltd, is a part of the Anil Ambani-led Reliance Group. The company was founded in year 1995. It has an installed capacity of 5.95 GW out of which 5.76 GW is thermal power and 0.1 GW is of renewable energy-based capacity. Reliance Power Limited has six directors – Sateesh SethRaja Gopal Krotthapalli, and others.

Operating RevenueINR 1 cr – 100 cr
EBITDA -44.62 %
Networth 0.91 %
Debt/Equity Ratio0.67
Return on Equity0.62 %



Powergrid was incorporated in year 1989, to implement, maintain, and design the high voltage generating infrastructure for the nation.  Powergrid distributes roughly half of the entire power produced in India upon the transmission network. Its transmission network comprises a net transformation potential of 3,67,097 MVA. Power Grid Corporation Of India Limited has ten directors – Dilip NigamSreekant Kandikuppa, and others.

Operating RevenueOver INR 500 cr
EBITDA 5.27 %
Networth 7.98 %
Debt/Equity Ratio1.88
Return on Equity17.15 %