The power sector of India is one of the most diversified in the world. It is the most critical component of infrastructure, crucial for the economic growth and welfare of nations. The fundamental principle of the sector is to provide universal access to affordable power in a sustainable way. The sources of power generation include conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power. It also includes non-conventional sources such as wind, solar, agricultural and domestic waste.
The demand for electricity in India has increased rapidly and is likely to rise in the future years. The government has identified 81 thermal units that will replace coal with renewable energy generation by 2026 to meet the country’s 500 GW renewable energy target and tackle the annual issue of coal demand-supply mismatch. In the following article, we will look at the top 5 power stocks in India.
|Market Cap (In ₹Cr)
|Rattanindia Enterprises Ltd
|Adani Power Ltd
|Jyoti Structures Ltd
|JSW Energy Ltd
|Tata Power Company Ltd
Note: The above stocks have been selected on the basis of 5Y- CAGR, and the data is as of November 28, 2023.
Let us delve into the operational and financial performance of the top power companies in India:
The power sector in India plays a pivotal role in the nation’s economic growth and development, striving to provide universal access to affordable and sustainable energy sources. India’s diverse power generation mix, including conventional and non-conventional sources, reflects its commitment to meeting the growing demand for electricity while addressing environmental concerns. If you are interested in the above-mentioned stocks, open a demat account with Angel One today online.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples.
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