Promising Future for India’s Energy Sector

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  • 31 Jan 2024
Promising Future for India’s Energy Sector

India's energy sector, including the power sector, has gained significant momentum due to the renewables revolution, thanks to the government's push towards electric vehicles and railway electrification, among others. With the target to reach 500 GW of renewable energy capacity by 2030, India's plentiful solar and wind resources are making it an appealing place for people to invest in renewable energy.

Renewable-powered generation centers have sped up the improvement of India's transmission network. They aim to make it work better and handle the ups and downs in renewable energy generation. Green Energy Corridors and Renewable Energy Management Centers help connect lots of renewable energy and make it work well.

Programs like Ujjawal DISCOM Assurance Yojana (UDAY) make power companies financially stronger, which makes it easier to invest in power generation and transmission. Real-time market platforms and Green Energy Corridor projects improve transmission and renewable energy.

Some of the top stocks you can invest in are:

Coal India Limited

Established in 1975, Coal India Ltd is one of the largest coal producers and suppliers in the world. With a vast network of coal mines spread across various regions in India, Coal India Ltd contributes significantly to the country's energy security and economic development.

  • As of 27th October 2023, 3-year trailing returns of Coal India's stocks stood at 39.67%

Indian Oil Corporation

With a rich and illustrious history spanning over six decades, IOC has emerged as one of India's largest commercial enterprises, operating a vast network of refineries, pipelines, and marketing infrastructure, providing a diverse range of petroleum products and services.

  • As of 27th October 2023, 3-year trailing returns of IOC stocks stood at 18.78%

NHPC Limited

Established in 1975, NHPC has since emerged as a premier organization in hydropower generation and has been at the forefront of harnessing the country's abundant water resources for clean and sustainable energy production.

  • As of 27th October 2023, 3-year trailing returns of NHPC's stocks stood at 36.68%

NTPC Limited

Established in 1975, NTPC has played a pivotal role in the country's energy landscape, contributing significantly to India's growing power needs.

  • As of 27th October 2023, 3-year trailing return of NTPC's stock stood at 40.14%

ONGC

Established in 1956, ONGC is a state-owned enterprise primarily engaged in exploring, producing, and distributing oil and natural gas resources. ONGC has contributed significantly to India's energy security and expanded its global footprint through strategic investments and partnerships.

  • As of 27th October 2023, the 3-year trailing returns of ONGC's stock stood at 38.90%

Source: Value Research

Power Grid Corporation of India

Established in 1989, POWERGRID plays a pivotal role in the country's power transmission and distribution network, ensuring electricity's reliable and efficient flow across vast and diverse regions.

  • As of 27th October 2023, the 3-year trailing returns of POWERGRID's stock stood at 27.60%

With its headquarters in Mumbai, Vedanta Ltd operates globally and has a diverse portfolio that encompasses the production of essential commodities such as zinc, lead, silver, oil, and natural gas.

  • As of 27th October 2023, 3-year trailing returns of Vedanta's stock stood at 27.56%

Source: Value Research

Indraprastha Gas Ltd

Established in 1998, IGL is pivotal in supplying CNG and PNG to the national capital region, including Delhi and its adjoining areas. The company has pioneered clean and eco-friendly fuel alternatives, contributing significantly to reducing vehicular emissions and improving air quality in the region.

Source: Value Research

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