Power is the flavor of the month. If I have to say it has been the flavor of the past 2 years. But, I want to leave Reliance Power IPO nightmares behind. Now, power seems to be gaining traction one more time. Adani Power which did not get a favorable response from the secondary market has revived the primary market. Few other power companies are lining up for IPO’s. NHPC is another power company which recently closed the issue. All the power companies the list show a trend. It is either owned by government or it comes from the biggest conglomerates and business houses. Many of the power-generating PSU’s are not publicly listed. After all private sector contributes to only 14% of the total installed power. Public sector (state and central combined) contributes 86% of the installed power capacity. Top 18 power companies in India by market capitalization :
| Name | Market cap in crores |
| NTPC | 173279.18 |
| Reliance Power | 39307.52 |
| Tata Power | 29625.01 |
| Reliance Infrastructure | 25969.24 |
| Adani Power | 22912.12 |
| Neyveli Lignite | 21885.73 |
| Reliance N.R | 14567.43 |
| Torrent Power | 11031.71 |
| GVK Power | 7706.5 |
| KSK Energy Ventures | 7209.26 |
| CESC (Calcutta Electric Supply Corporation) | 4484.72 |
| Jaiprak Hydro | 4112.13 |
| BF Utilities (division of Kalyani Group) | 3507.84 |
| Guj.Ind.Pow. | 1529.14 |
| Indowind Energy | 220.32 |
| Energy Dev. | 176.96 |
| Suryach.Powr | 143.68 |
NTPC also happens to be in the list of top 10 companies in India by market cap. Rest of the list is dominated by the Ambani’s Adani’s and the Tata’s.
Don’t confuse the top power companies by market capitalization with the top power companies which produce maximum power. Reliance Power when it was listed did not have 1 MW in production. Same is the case with Adani Power.
No comments:
Post a Comment