If you want to grow your money, investing is a great option. The main point is that investing requires patience. If you don’t have patience, then you shall lose money.
Other than that, you also need to analyze the stock market properly. For example, many Power Companies in India offer shares to buy. If you invest in these stocks, you can own a fraction of the company.
Thus, you need to conduct proper research on the stocks to find out the Best Power Stocks to buy.
In addition, we will help you with some extra information. This information will help you to know more about the top power stocks.
Know about Power Sector in India
Power is required for the overall welfare of a country. India’s power sector is very diverse, meaning that there are various power generation sources.
Power in India is generated from conventional sources and non-conventional sources. The traditional sources include coal, lignite, natural gas, oil, hydro and nuclear power.
At the same time, the non-conventional sector has wind, solar, and agricultural and domestic waste. The electricity demand is constantly rising in this country.
This is why it is necessary to find out the best Power Sector Stocks to buy. India obtained a rank of 4 in the Asia Pacific region out of 25 nations in May 2018.
This was based on the index that measured their overall power. India also ranked 4th in wind power and 5th in solar power.
Further, India was ranked 5th in renewable power installed capacity. The Top Power Companies in India are Adani Green Energy, Power Grid Corp, NTPC, and Tata Power.
Top 10 Power Companies in India
This article sheds light on the Top 10 Power Stocks currently in India. The power sector is a significant deal in a developing country dominating and influencing the financial industry greatly.
Brief details about the 15 best Power Shares in India are given in the table above. We shall use those details to find out more about the top 3 power stocks –
The first on our list is Adani Green Energy. This stock has one of the best power shares to buy. The reason is that they have a solid annual EPS growth.
Also, the products of this company will be in high demand shortly. The second on our list is Adani Transmission. The company provides around 2,000 MW of power to Mumbai’s largest distribution network.
The share price of this company will increase in the short term. Thus it is an excellent time to hold the stock. They also have a solid annual EPS growth.
The third on our list is Power Grid Corp. This is also an outstanding stock to invest in for great returns. This stock is perfect for long-term investment. Above all, they have a high dividend yield.
Adani Green Energy – Best Power Shares to Buy
Adani Green Energy Limited (AGEL) started on January 23, 2015. This is an Indian renewable energy company. The headquarters of the company is located in Ahmedabad, Gujarat. 
Above all, the company operates the Kamuthi Solar Power Project. It is one of the largest solar photovoltaic plants in the world. Initially, the company started a 20 MW capacity wind power project in Lahore.
It was done along with Inox Wind. Later on, AGEL bought the 50 MW wind power project of Inox Wind. This project was located at Dayapar village in Kutch.
Adani Renewable Energy Park Limited is a subsidiary of AGEL. This subsidiary signed a joint venture agreement with the Government of Rajasthan.
Also, in 2017, the company took total control of the overall solar energy portfolio of Adani Enterprises.
Then they got themselves listed at the National Stock Exchange of India and Bombay Stock Exchange. Thus becoming one of the best Energy Stocks in India.
The products and services offered by Adani Green Energy Limited (AGEL) are-
At present, the company manages 5,290 MW of wind energy. It includes 46 operational projects in 11 states of India.
Some of the states are Gujrat, Tamil Nadu, Telangana, etc. Above all, this company has a current project portfolio of ~5.29 GW and an operational capacity of ~2.32 GW.
Recently AGEL won the world’s most significant solar bid by the Solar Energy Corporation of India (SECI). This took place in 2020 and was worth $6 billion.
Why invest in the Adani Green Energy Limited stock?
- The price of this stock is in the mid-range. Thus it is one of the best Power Shares to Buy for new and master investors.
- The promoters are increasing shareholding.
- They have a solid annual EPS growth.
- The services of Adani green will have high demand in the future.
Adani Transmission – Best Power Stocks in India
Adani Transmission Limited started in December 2015. Gautam Adani started it after separating the old transmission business from Adani Enterprises. The headquarters of this company is located in Ahmedabad, India.
Above all, this company is one of India’s largest private sector power transmission companies. When the company was founded, it had custody of more than 3800 circuit kilometers of transmission lines.
These lines originated from the Mundra Thermal Power Station. Then they connect Mundra–Dehgam, Mundra–Mohindergarh, and Tiroda–Warora.
The company has conducted a lot of acquisitions and mergers. Let’s talk a little about these mergers. ATL acquired three wholly-owned subsidiaries of PFC Consulting in 2015.
This was a subsidiary of Power Finance Corporation. ATL further acquired the GMR Group’s transmission assets in 2016.
They also acquired Reliance Infrastructure’s transmission assets in the same year. ATL acquired KEC International’s Bikaner-Sikar transmission asset too.
At last, the company signed definitive agreements with Kalpataru Power Transmission (KPTL). This was signed for acquiring Alipurduar Transmission. But, above all, they have one of the Best Energy Shares to buy.
The products and services of Adani Transmission Limited are-
This company supplies around 2,000 MW of power to Mumbai’s largest and most efficient power distribution network.
At present, they provide world-class customer care services with the help of advanced technologies. Above all, they plan to expand their presence in newer geographies.
Why invest in the ATL stocks?
- The price of this stock is in the mid-range. Thus it is one of the best Power Stocks in India for master traders.
- The cost of this stock will rise in the short term investment.
- As can be seen, the sales growth is good in last four quarters at 45395.57%
- The MACD crossover is above the signal line.
- Above all, they have a solid annual EPS growth.
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Power Grid Corp – Top Power Sector Stocks to buy
Power Grid Corporation of India Limited started on October 23, 1989. This was done under the Companies Act, 1956. The company is an Indian statutory corporation under the Ministry of Power, Government of India.
The headquarter of this company is located in Gurugram, India. The company is mainly involved in the transmission of bulk power across different states of India.
The Power Grid transmits about 50% of the total power generated in India and is certified for PAS 99. The Power Grid Corp is a public limited company wholly owned by the Government of India.
The government of India has a 51.34% stake in the company as of December 31, 2020. At first, the company’s name was the “National Power Transmission Corporation Limited .”
Later on, on October 23, 1992, the name was changed to Power Grid Corporation of India Limited. Above all, they have one of the Top Power Sector Stocks to buy.
The products and services offered by Power Grid Corporation of India Limited are-
The services of this company operate around 90% of the area. The area covers the country’s interstate and inter-regional electric power transmission system.
The business segments of the company include Transmission, Consultancy, Telecom, and ULDC/ RLDC. The transmission network consists of around 168,140 circuit kilometers.
It also includes 252 EHVAC and HVDC substations. In addition, they have many power grid stations. For example, the Vizag back-to-back HVDC converter station, the Talcher–Kolar HVDC system, and more.
Why invest in the Power Grid Corp stocks?
- The price of this stock is on the lower side. Thus, it is a great Energy Share Price for new investors.
- The stock is perfect for long-term investment.
- The share has a reasonable valuation.
- Another critical point is that they have a high dividend yield.
NTPC – Top Power Companies in India
NTPC Limited started on November 7, 1975. Indira Gandhi started the company. The company is an Indian statutory corporation.
They are involved in the generation of electricity and allied activities. The company was started under the Companies Act 1956. The headquarters of the company is located in New Delhi.
It is the largest power company in India. This is because it has an electric power generating capacity of 67,907 MW.
At first, the name given was “National Thermal Power Corporation Private Limited .”In 1976 the first thermal power project began at Shaktinagar in Uttar Pradesh.
At this time, the name was changed to “National Thermal Power Corporation Limited .”NTPC started commercial operations (of selling power) in 1983.
For this reason, they earned profits of INR 4.5 crores in FY 1982–83. Above all this company achieved a power generation capacity of 2000 MW by 1985. This is why NTPC is one of the Top Power Companies in India.
The products and services of NTPC are-
The core function of NTPC is the generation and distribution of electricity to State Electricity Boards in India. In addition, the company also takes up consultancy and turnkey project contracts.
These involve engineering, project management, construction management. It also consists of the operation and management of power plants.
After that, the company has tried to venture into oil and gas exploration and coal mining activities.
Why invest in the NTPC stocks?
- The price of this stock is on the lower side. Thus it is one of the best Power Share Prices for young and new investors.
- It has a high TTM EPS growth.
- Further, this company is using its capital to generate profit.
- Above all, the RoCE of the company is improving.
Tata Power Company Limited – Power Share Price
Tata Power Company Limited started in 1910. This is an Indian electric utility company based in Mumbai, Maharashtra, India. As can be seen, this company is a part of the TATA Group.
The company’s primary work is to generate, transmit, and distribute electricity. Above all, the company has an electricity generation capacity of 10,577 MW. This feature makes it India’s largest integrated power company.
The company also became the first Indian company to ship over 1 GW solar modules. This firm was started as the Tata Hydroelectric Power Supply company in 1910.
Later on, the company joined the Andhra Valley power supply company in 1916.
This company commissioned India’s second hydroelectric project in 1915. It took place in Khopoli for 72 MW. Other than these, two other power plants were installed. The first one was installed in Bhivpuri for 75 MW in 1919.
The second one was installed in Bihar for 300 MV in 1992. Above all, this company received many awards for its work. This is why it has one of the top Power Stocks in India.
The products and services offered by tata power company limited are-
Tata Power operates in India, Singapore, Indonesia, South Africa, and Bhutan. Along with that, it also operates in 35 locations in India.
The company installed India’s first 500 MV unit at Trombay. It also installed the first 150 MV pump storage unit at Bihar.
Why invest in the Tata Power Company Limited stock?
- The price of this stock is in the lower range; thus, it is a reasonable Power Share Price for young and new investors.
- This company has shown good quarterly growth in the recent results.
- In addition, the company has a high TTM EPS growth.
- Above all, they have the highest recovery from a 52 week low.
- Tata Power Stock predictions say that the stock prices will rise in the next few months.
JSW Energy – Top 10 Power Stocks
JSW Energy Limited (JSWEL) started in 1994. The founder of this company is Sajjan Jindal. He is also the Chairman and managing director of JSW Group of Companies. 
There is a presence of JSW energy in various areas. These areas include power generation, transmission, and trading.
The company is one of India’s leading power generation companies and operates 4531 MW of power generation capacity.
The 4531 MW power generation capacity can be divided into two parts. The first is thermal power which accounts for 3140 MW. The second is Hydel 1391 MW.
Besides this, JSW Energy has also been involved in power trading since June 2006. The company also has a joint venture with Maharashtra State Electricity Transmission Company Limited.
This venture includes two 400kv operational transmission lines. In addition, the company also owns a stake in a coal mining company in South Africa.
They also have a joint venture with Toshiba Corp to manufacture supercritical steam turbine generators. This is not the end of the list of the numerous projects they have. This proves that this company has one of the Top 10 Power Stocks.
The products and services offered by JSW Energy Limited are-
This company has an operational generating capacity of 5681 MW. It also has projects at an early stage of development.
This in the future shall provide an installed capacity of 8630 MW. Above all, this company has a total hydro asset base of 1300 MW. This makes them the most extensive private producer of hydropower in India.
Why invest in the JSW Energy stocks?
- The price of this stock is in the lower range; thus, it is a good Power Share Price for new and young investors.
- The company has a high TTM EPS growth.
- The company is reducing its debt.
- At this point, the stock is perfect for long-term investment.
- Above all, the company has the highest recovery from a 52 week low.
- The company has strong balance sheet which attracts all types of Investors.
Adani Power – Best Power Stocks to Buy
Adani Power Limited was started in 1996. This company is an engine power business. It is a subsidiary of the Indian conglomerate Adani group. The head office of the company is located at Khodiyar in Ahmedabad, Gujarat.
All in all, this company is a private Thermal Power producer. It is because they have a capacity of 12450 MW. They also operate a Mega Solar Plant of 40 MW, located at Naliya, Bitta, Kutch, Gujarat.
Above all, this is India’s first company that synchronizes supercritical technology. The company started generation by RAM implementation of its first 330 MW in 2009.
This is known as the largest single-location coal-based power project in India. Adani Power has also won many awards and recognition. It was named as the most innovative young power professional in 2017.
They also received recognition for the best environment management policies in 2018. This is why they are one of the Best Power Stocks to buy in India.
The product and services of Adani Power are –
This company has started many projects from the day it opened. The Mundra Thermal Power Station is a 4,620 MW (4×330 MW + 5×660 MW) coal-based thermal power plant.
They also have the Kawai Thermal Power Station, a 1,320 MW (2×660 MW) coal-based thermal power plant. Above all, they produce 40 MW of solar power in Bitta, Kutch Gujarat.
Why invest in the Adani Power stocks?
- The price of this share is on the lower side. Thus, it is one of the best Power Shares in India for young and new traders.
- This company has a strong annual EPS Growth.
- There is a growth in net profit and an increase in profit margin QoQ.
- Above all, this stock gave a 3-year return of 154.34%.
- The stock price will go up by the end of March 2022.
- At this point, it is better to buy and hold this stock.
- Adani Power Share Forecast suggests that it has very good future potential.
NHPC – Top Power Stocks to Buy
NHPC Limited was started in 1975. It is an Indian hydropower board under the ownership of the Ministry of Power, Government of India.
The company was started with a capital of rupees 2,000 million. Initially, the idea was to plan, promote and organize an integrated and efficient development of hydroelectric power.
Finally, NHPC expanded its concept to include other sources of energy. It includes solar geothermal, tidal, and wind energy. At present, NHPC is a Mini Ratna category-1 enterprise of the government of India.
They have an authorized share capital of ₹150,000 Million and have an investment base of over ₹387,180 Million Approx.
The first project overtaken by NHPC was Baira Siul Power station in [Salooni] Tehsil of Chamba district. NHPC was listed on the National Stock Exchange on September 1, 2009. Along with that, it was also listed on the Bombay Stock Exchange.
The government of India and State Governments own 74.51% share, while the remaining 25.49% is for public shareholding. Above all, NHPC is one of India’s top ten Power Companies.
The products and services of NHPC are-
At present, NHPC Limited is the largest organization for hydropower development in India. This company can easily undertake all the activities related to setting up hydro projects.
They also diversified in the field of Solar & Wind Power.
Why invest in the NHPC stocks?
- The price of this stock is on the lower side. Thus it is one of the Top Power Stocks to buy for young and new traders.
- This company has a high Piotroski score. This means the company has strong financials.
- Their net cash flow statement and cash from operating activity are rising.
- This is the perfect time to buy or hold the stock.
- Above all, this stock gives a 3-year return of 25.97 percent.
Torrent Power – Best Energy Stocks to Buy
Torrent Power was started in 1996, which is almost 26 years back. The company is an Indian energy and power company.
They are interested in power generation, transmission, distribution, and manufacture and supply power cables. It distributes power to more than 3.65 million customers every year.
The areas where they distribute power include Ahmedabad, Surat, Mumbra, Gandhinagar, and many more. Above all, the T&D losses in the license areas of the company are among the lowest in the country.
The company started by turning around a failing power cable company called Mahindra Electricals. The high points of Torrent Power were gained after acquiring two of India’s oldest companies.
These companies include The Surat Electricity Company Ltd and The Ahmedabad Electricity Company Ltd.
After acquiring these companies; Torrent Power turned them into great power utilities in terms of operational efficiency and reliability of power supply.
The products and services of Torrent Power are-
Torrent power has a generating capacity of 3879 MW. It comprises a unique mix of coal-based, gas-based, and renewable power plants.
This company also operates 400 KV double circuit transmission lines. Above all, they distribute power to over 3.65 million customers every year.
Why invest in the Torrent Power stock?
- The price of this stock is on the lower side. Thus, it is one of the best Energy Stocks to buy for young and new traders.
- This company is efficient in managing assets to generate profit.
- The ROA of this company is improving.
- In addition, their revenue has been increasing every quarter for the last four quarters.
- The stock is perfect for the long term. You should buy this share when the price dips.
- Above all, they have a rising delivery percentage compared to the previous month.
Indian Energy Exchange – Top 10 Power Shares to Buy
The Indian Energy Exchange (IEX) started in 2008. The company is an Indian electronic system-based power trading exchange.
It is regulated by the Central Electricity Regulatory Commission CERC. The company pioneered the development of power trading in India. It provides an electronic platform to various participants in the power market.
The participants include State Electricity Boards and Power producers. It also has Power Traders and Open Access Consumers (both Industrial & Commercial).
IEX is one of the two operational power exchanges in India. Since it was started, it has held a strong position in the market. The company operates a day-ahead market.
The market is based on closed auctions with double-sided bidding and uniform pricing. Above all, they have over 3,800 registered clients and over 300 private generators.
They also have more than 3300 industrial electricity consumers. Thus, they are one of the top 10 Power Shares to buy.
The products and services of Indian Energy Exchange are-
The company was started as a neutral platform. This platform was meant for participants from various sectors to participate and utilize the range of products and services as per their needs.
Also, the participants need to have a membership to participate in the bid for a respective product or service.
In addition, IEX has launched various products, including Day Ahead, Term Ahead, Renewable Energy Certificates, Energy Saving Certificates(Es Certs).
Why invest in the Indian Energy Exchange stocks?
- The price of this stock is on the lower side. Thus, it is one of the best Energy Shares to buy for young and new traders.
- This company has a rising net cash flow and cash from operating activity.
- This company has shown good quarterly growth in the recent results.
- They have recovered from the 52 week low.
- They were given a high analyst rating with at least 20% upside.
- This share should be kept on hold for good returns in the future.
SJVN – Power Sector Stocks in India
SJVN was started in 1988 as an Indian public sector company. This company is involved in hydroelectric power generation and transmission. At first, the name of this company was Nathpa Jhakri Power Corporation.
It was a joint venture between the Government of India and the Government of Himachal Pradesh. The company is one of the best Power Sector Stocks in India.
The products and services of SJVN are –
SJVN has a total operating hydropower capacity of 1912 MW. This is possible due to its two hydropower plants. The first hydropower plant is the Nathpa Jhakri plant. The second is the Rampur plant.
Ultimately, they have an installed capacity of 97.6 MW of wind power. They also have an installed capacity of 6.9 MW of solar energy.
Why invest in the SJVN stock?
- The price of this stock is on the lower side. Thus, it is one of the best Power Sector Stocks to buy for new traders.
- This company had growth in quarterly net profit.
- We can also see an increase in profit margin YoY.
- The company has low debt.
- They also pay out dividends, which shows that the company is more stable.
- Their earnings have grown 2.8% per year over the past five years.
- Above all, this company has a low PE ( PE <= 10)
CESC – Power Companies Stocks to Buy
The Calcutta Electric Supply Corporation (CESC) is an Indian electricity producer. This company is the sole energy distributor of about 567 square kilometers.
The area includes the city of Kolkata and parts of Howrah. It includes Hooghly, 24 Parganas (North), and 24 Parganas (South) districts. Above all, it serves 3.0 million consumers.
The consumer list includes domestic, industrial, and commercial users. Thus, it is one of the best Power Companies Stocks to buy in India.
The products and services of CESC are-
This company owns and operates four thermal power plants. These thermal plants generate around 1,225 MW of power.
They have also started producing unconventional energy with a 9 MW solar project in Gujarat and a 50 MW wind project in Rajasthan.
Why invest in the CESC stock?
- The price of this stock is on the lower side. Thus, it is one of the best Power Sector Stocks to buy for new traders.
- They had a share price increase of over 20% in the past few months.
- There is a chance of growth in the share price.
- The annual net profit of this company has increased for the last two years.
- The book value per share has been improving for the past two years.
Neyveli Lignite – Power Sector Stocks to Buy
NLC India Limited (NLC) was inaugurated by the first Prime Minister, Jawaharlal Nehru, in 1956. This company is a Government corporation in India’s fossil fuel mining sector.
It also generates thermal power under the ownership of the Ministry of Coal, Government of India. The company produces around 30 million tonnes of Lignite in a year.
The products and services of Neyveli Lignite are:
They use Lignite at pithead thermal power stations of 3640 MW installed capacity to produce electricity.
In addition, it has a joint venture, which consists of a 1000 MW thermal power station using coal. Presently this company has also started producing renewable energy.
Why invest in the Neyveli Lignite stock?
- The price of this stock is on the lower side. Thus, it is one of the best Power Sector Stocks to buy for new traders.
- This stock gave a 3-year return of 2.31%
- This company has a rising net cash flow and cash from operating activity.
- They also have a high TTM EPS Growth.
- The earnings of this company grew by 44.9% over the past year.
- This stock is trading below the estimate of fair value
JP Power Ventures – Best Power Companies in India
Jaiprakash Power Ventures Limited (JPVL) started on December 21, 1994. This company is one of the best Power Companies in India.
They began their operations with the vision of setting up hydroelectric or Thermal power projects. They mainly wanted to supply general electric power.
The products and services offered by JP Power Ventures are-
The company is involved in the transmission and generation of power. They have generated a lot of power since the 8th 5-year plan until now.
This company has also developed a 214 km long power transmission project. The power transmitted was meant for Himachal Pradesh, Haryana, Punjab, Uttar Pradesh, and Rajasthan.
Above all, this transmission line consists of about a 180 km stretch of hilly terrain. It also has snowfall of up to eight feet in some stretches.
Why invest in the JP Power Ventures stocks?
- The price of this stock is on the cheaper side. Thus, it is one of the best Power Sector Stocks to buy for new traders.
- This company has a high Piotroski score. This means the company has strong financials.
- This stock passes the majority of CANSLIM Investment criteria.
- The company had QoQ revenue growth of 53.18%, the highest in the last three years.
- Above all, this stock is perfect to buy for the long term.
Reliance Power – Best Power Stocks
Reliance Power started on January 17, 1995. This company started developing, constructing, operating, and maintaining power projects in the Indian and international markets.
This company is the sole provider of electricity to consumers in the suburbs of Mumbai. But later on, they sold the Mumbai operation to Adani Power. Reliance Power has 50 subsidiaries as of 2018.
R-Power was ranked 9th in the ‘Power sector’ category by Fortune India 500 list of 2019.
The services and products offered by Reliance Power are:
At present, this company owns several power generation projects. It includes coal-based, gas-based, and shelved thermal power projects. In addition, this company operates one renewable energy project.
Why invest in the Reliance Power stocks?
- The price of this stock is on the cheaper side. Thus, it is one of the best Power Stocks in India to buy for new traders.
- This stock gave a return of 6.48% in the past three years.
- In addition, this stock has a strong annual EPS growth.
- They also have a growth in net profit with an increasing profit margin QoQ.
- Above all, they had the highest recovery from a 52 week low.
- This is an excellent time to hold the stock for better returns.
How to find Power Stocks for Trading?
Every trader needs to find a good stock for high returns. If a trader invests in a bad stock, then he will suffer loss.
So, Trade-in Power Stocks needs proper research of the market. Here are some points to keep in mind while looking for the perfect power stock –
- First, you need to explore the share market. It helps you find out if the company is performing well.
- Then, study about the competitors. This will give a better know-how of the share price.
- After that, check the debt to equity ratio of the company. This is important before you buy the share.
- Do not forget to check the PE ratio of the company. This will help know about the market value of the company.
- Further, try to choose a company that pays dividends. This ensures that the company is stable.
- Finally, research about the leaders of the company. This is because the leader plays the leading role in the company’s growth.
How to Invest in Power Sectors Stocks?
We have given a step-by-step process on how to invest in Power Stocks –
- Trading requires a Demat account and a trading account. To open them, you have to choose a broker. After that, you have to open an account with them.
- Then download the broker’s trading app. You can also open through their trading website in your browser.
- After that, you have to set up a new account; setting the account generally requires only 5 minutes.
- Once your account is set up, you can browse through shares.
- You can create a market watch list to keep track of your favorite sticks. In the app, you can also set up alerts. These will help you to get notified about the price movements.
Once you have followed all steps, you can start your trading and investing. We would suggest you research the market before trading.
As discussed, you must not invest in any stock hastily. Invest in stocks patiently.
Top Power Companies in India – Conclusion
We have already talked about the top Power companies in India. We also discussed their share price and trading benefits of all 15 power shares.
Here, we suggest you combine your research with the information we gave to discover the best power stocks.
In conclusion, conduct research in any case before blindly investing in story stocks. For getting good returns, be patient. Good luck on the investing journey!
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