India is on a path to achieve net-zero emissions by 2070, but in the near-term the country aims to significantly increase its renewable energy gigawatt, or GW, output. This has resulted in a bevy of companies developing new energy solutions and products beginning to trickle into the consumer market. Here are a few of the top energy companies in India to know.
Top Energy Companies in India
- TE Connectivity
- Capco
- ReNew
- Avaada
- JSW Energy
Top Energy Companies in India to Know
NTPC, which stands for National Thermal Power Corporation, is India’s biggest integrated power company. NTPC, based in New Delhi, says it is committed to renewable energy. Its mix of energy sources includes fossil fuels, hydro, nuclear, gas and renewable resources. The company says it is dedicated to three Ps: people, the planet and power.
GE Aerospace has a variety of energy initiatives in India, including championing sustainable aviation fuel (SAF), developing hybrid electric propulsion engines for aircraft, helping to develop engines with lower fuel needs and carbon emissions, and creating software that helps pilots make the most of fuel. Its India office is in Bengaluru.
Azure Power says it is one of the biggest solar and sustainable energy organizations in India. Its Azure Power Energy Transition services, a consultancy, helps companies map out sustainable energy plans and reach for full transition to clean energy. The company says it built India’s first utility-scale project back in 2009.
NHPC Limited builds power stations, renewable energy and wind projects in India; it says it is the largest hydropower company in the country. It also offers consulting services. The Indian government has bestowed Navratna status on NHPC, giving it greater operational flexibility and financial autonomy.
UL Solutions, a Chicago-based company, helps India-based organizations comply with regulations, including HVAC energy efficiencies. It focuses on clean energy, helping companies with smart and sustainable buildings and transitioning to clean power. UL Solutions has an office and a laboratory in Bengaluru.
Shell began doing business in India in 1928. Its outreach in the country includes boosting STEM education in the country, which includes a partnership with Atal Innovation Mission, the Indian government’s STEM program. Shell India has offices in Bangalore and Chennai, among other locations.
Tata Power offers an array of energy forms, from solar farms, grids and rooftops to hydro and wind and conventional energy sources. The company has 12.5 million customers and claims 1,030 MW of wind and 3,568 MW of solar operational capacity. Tata Power was founded in 1910 and is based in Mumbai.
Enverus is a data analytics company that serves the energy sector. Services include gathering and benchmarking energy-industry data, analyzing investment opportunities in the sector, consulting and market research, and a cloud platform that helps companies access data and analytics. Its India office is in Bengaluru.
Hindustan Power focuses on both thermal and solar power, and says it is the first in India to build a utility-scale photovoltaic plant. Its thermal arm involves coal-powered energy. The company, based in New Delhi, also has projects in Germany, the United Kingdom and Japan.
JSW Energy is an Indian utility company producing thermal, hydro, wind and solar energy. The company generates power through an impressive collection of facilities throughout the country.
ONGC is India’s biggest crude oil and natural gas company. Enhancing India’s energy availability and reducing carbon emissions are among the company’s goals. It has 15 projects registered with the United Nations’ Clean Development Mechanism initiative. ONGC, which stands for Oil and Natural Gas Corporation, is based in New Delhi.
Suzlon focuses on renewable energy, particularly wind power. It manufactures wind turbines and also installs and services them, in addition to commissioning wind farms. A recent partnership with JSP Green Wind will help power the manufacturing of green steel in India.
Adani Green Energy focuses on renewable energy sources, including wind, solar and hybrid. The company manages more than 5,200 MW of solar and wind power and has projects in 11 states, including Uttar Pradesh and Telangana. Adani, founded in 2016, is based in Ahmedabad and is traded on both the Bombay and New York stock exchanges.
TE Connectivity is an industrial manufacturer developing sustainable solutions across industries. In the energy sector, the company offers a comprehensive range of products that aid in energy generation, storage and distribution. The company also specializes in designing sustainable power plants.
Greenko says it is the largest clean energy company in the country, and specializes in wind, solar and hydro power. It is building an integrated renewable energy storage plant, which will help with on-demand supply and other sustainable measures, in Karnataka, Madhya Pradesh and Andhra Pradesh. Greenko has offices in New Delhi and Hyderabad.
Avaada Group offers a large portfolio of sustainable energy products like solar panels, wind turbines and green hydrogen. Besides manufacturing, the company also oversees large energy projects throughout India and it’s already established several projects that generate 4 GW of solar energy.
Borosil Renewables makes all kinds of glass for solar panels, including roof-tile glass, grid-printed glass and low-iron glass, which lets in more light than other kinds of solar glass. Its 100-acre plant is located in Gujarat.
BP, headquartered in London, has been doing business in India for more than 100 years, and says it has invested north of $12 billion in the country’s energy ecosystem. Via a partnership with India-based Reliance Industries Limited, it has created deepwater natural gas projects and developed aviation fuels. BP India is based in Mumbai.
Capco works at the intersection of fintech, consulting and energy. The company aims to help clients operate and increase their revenue while adopting new technologies. With energy clients, Capco aims to use its industry expertise to consult companies and develop more energy solutions for consumers and for the market at large.
ReNew develops decarbonization solutions to fend off climate change. It produces everything from industrial wind turbines to hydropower damns and green credits, which help offset carbon emissions through green investments. ReNew was one of the first Indian companies listed on the Nasdaq and it aims to help B2B companies adhere to climate change initiatives.
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