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Check Out The Performance of These Power Stocks

24 May 20244 mins read by Angel One
As of January 31, 2024, India was ranked the third largest producer and consumer of electricity globally, and demand has witnessed consistent growth.
Check Out The Performance of These Power Stocks
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One of the most important aspects of infrastructure is power, which is essential for national welfare and economic progress. For the Indian economy to grow steadily, a suitable electricity infrastructure must be developed, and one is being developed.

India has one of the world’s most diverse electricity industries. Power generation can come from various sources, including feasible non-conventional sources like wind, solar, agricultural, and household waste, as well as conventional sources like coal, lignite, natural gas, oil, hydro, and nuclear power.

As of January 31, 2024, India ranked third in the world in terms of electricity production and consumption, with an installed power capacity of 429.96 GW.

Performance of Power Companies

Name Market Cap (₹ Cr) ROE% 5Y CAGR % Price (In ₹)
Adani Power Ltd 2,45,204.89 43.87 73.33 635.75
Torrent Power Ltd 66,426.05 19.73 42.45 1.382.10
CESC Ltd 19,472.63 12.09 14.08 146.90
NTPC Ltd 3,54,316.18 11.66 23.83 365.40

Note: The above-mentioned stocks were selected from the Nifty 500 Universe and sorted based on ROE on May 17, 2024.

Adani Power Ltd

Adani Power Ltd (APL) is part of the diversified Adani Group. The company generates and sells power. During Q4 FY2024, the consolidated power sale volume stood at 22.1 Billion Units (BU), up by 55% from 14.3 BU in Q4 FY2023 due to improved power demand, lower import coal prices, and larger installed capacity. In the last six months, the Adani Power shares have delivered a return of 63.35%.

Torrent Power Ltd

Torrent Power Ltd is a leading integrated power utility company in India, with a presence in power generation, transmission, and distribution. In the last six months, the Adani Power shares have delivered a return of 65.37%. In March 2024, the company received a Letter of Award from Torrent Power Limited-Distribution Unit for setting up 150 MW (RE Power) Grid-Connected Wind Solar Hybrid Projects.


CESC Ltd is in the business of generation and distribution of Electricity. The CESC Ltd shares derived a return of 102.58% in the last one year. CESC, through its step-down subsidiary Purvah Green Power Private Limited, entered into a Share Purchase Agreement for the acquisition of 100% of Bhadla Three SKP Green Ventures Private Limited from SKP Green Ventures Private Limited.


National Thermal Power Corporation Ltd (NTPC), along with its subsidiaries/ associates & JVs, is primarily involved in the generation and sale of bulk power to State power utilities. NTPC shares posted a return of 105.28% in the past one year. NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) signed a Memorandum of Understanding (MoU) to address the need for pacing green energy objectives and the GOI’s efforts towards a carbon-neutral economy.

The Indian power sector is anticipated to undergo significant changes regarding demand growth, energy mix, and market operations throughout the present decade (2020–29). Strong demand fundamentals, supportive policies, and the government’s growing emphasis on infrastructure will all help future investments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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