Power Grid Corporation of India Limited (POWERGRID) is a Public Sector Enterprise under the Government of India. With its standing as one of the largest power transmission utilities in the world, POWERGRID has developed expertise across power transmission, sub-transmission systems, distribution management, load dispatch and communications both within India and internationally while also extending specialised consultancy services to numerous global clients.

Incorporated on 23rd October 1989 under the Companies Act, 1956, POWERGRID is India’s largest electric power transmission utility and has also established a strong global presence across more than 25 countries. POWERGRID operates its telecom business under the brand name POWERTEL and is the only telecom service provider in India with a nationwide overhead optic-fibre network deployed using Optical Ground Wire (OPGW) on power transmission lines.

NTPC Ltd is India’s largest integrated power utility, contributing nearly one-fourth of the nation’s electricity requirements. The company has an installed capacity of over 84 GW, with an additional 30.90 GW under construction, including 13.8 GW of renewable energy projects. Aligned with India’s Net Zero ambitions, NTPC is committed to achieving 60 GW of renewable energy capacity by 2032.

With a diversified generation portfolio spanning thermal, hydro, solar, and wind power, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity. The company remains focused on operational excellence, innovation, and the adoption of cutting-edge clean energy technologies to support India’s energy transition.

Beyond power generation, NTPC is expanding into emerging business areas such as e-mobility, battery energy storage, pumped hydro storage, waste-to-energy, nuclear power, and green hydrogen, reinforcing its commitment to building a cleaner and greener future for the nation.

Power Finance Corporation Limited (PFC), a Schedule-A Maharatna CPSE under the Ministry of Power, is India’s largest government-owned NBFC. Since inception in 1986, PFC have been a key enabler of the country’s power sector growth, offering a range of financing solutions tailored to generation, transmission and distribution needs.

The impact goes beyond numbers. PFC have supported around 60 GW of renewable energy capacity - nearly 25% of India’s non-fossil fuel installed base - making PFC the largest renewable energy financer in the country.

The PFC product portfolio includes rupee term loans, short-term funding, lease financing, and transitional support. Expanding beyond power, PFC now finance projects in e-mobility, charging infrastructure, roads, ports, metro rail, and smart cities.

PFC clients include central and state utilities, power equipment manufacturers, government departments, and large infrastructure developers.

PFC is the highest profit-making NBFC in India, ranked #36 on the Fortune 500 India 2024 list, and holds a ‘AAA’ domestic credit rating. As the first Maharatna in the financial sector, PFC are proud to have supported nearly 50% of the country’s total installed power capacity.

REC Limited has played a pivotal role in shaping India’s power sector landscape. Established in 1969 with the primary objective of electrifying rural India, REC has evolved into a leading NBFC that finances the entire power sector value chain—generation, transmission, distribution, and renewable energy.

Over the past 56 years, REC Limited has played a transformative role in India’s power sector—from lighting rural homes to driving the shift toward clean energy. Through financial leadership, strategic diversification, and stewardship of key national schemes, REC continues to empower communities, strengthen the economy, and contribute toward a sustainable and energy-secure future for the nation.

Today, as India stands at the threshold of an energy transition aimed at significantly increasing green energy adoption and achieving net-zero emissions by 2070, REC continues to be a key enabler in this national mission.

NHPC Limited is India's premier green energy NAVRATNA enterprise under the Ministry of Power, Government of India. NHPC generates clean, renewable energy with a focus on hydro, solar and wind power.

With an installed capacity of 8332.90 MW, NHPC is constructing projects totalling 9704 MW and it spearheads around 60% of all hydro projects under construction in India. NHPC is aiming total capacity of 23000 MW by 2032 and 50000 MW by 2047.

NHPC has an authorised share capital of ₹17,500 crore and an investment base (assets) of ₹93,570 Crore (standalone) as on 30.09.2025.

NHPC is committed to India's energy security and also contributes to its socio-economic development through CSR.

CareEdge is a knowledge-based analytical group offering services in credit ratings, analytics, consulting, and sustainability. Established in 1993, the parent company CARE Ratings Ltd (CareEdge Ratings) is India’s second-largest rating agency, with a credible track record of rating companies across diverse sectors and holding leadership positions in high-growth sectors such as BFSI and Infra.

Since its inception in 1993, CareEdge Ratings (CARE Ratings Ltd) has established itself as one of India’s leading credit rating agencies. CareEdge Ratings provides ratings for a variety of industries, such as manufacturing, infrastructure, and the financial sector, which includes banking, and non-financial services. The company has played a pivotal role in the development of bank debt and capital market instruments, such as commercial papers, corporate bonds and debentures, and structured credit.

With three decades of experience in the analytics business and a deep understanding of the operations of various industries and sectors, the company is in a sound position to offer itself as a knowledge hub and publishes insightful reports on the Indian and global economy, and industry research papers regularly.

The Council on Energy, Environment and Water (CEEW)—a homegrown institution with headquarters in New Delhi—is among the world’s leading climate think tanks. The Council uses data, integrated analysis, and strategic outreach to support public policy, transform markets, shape technology, and nudge behaviour. CEEW seeks to explain—and change—the use, reuse, and misuse of resources. It addresses pressing global challenges through an integrated and internationally focused approach. The Council prides itself on the independence of its high-quality research and strives to impact sustainable development at scale. In over 15 years of operation, CEEW has impacted over 400 million lives and engaged with over 20 state governments. Follow us on LinkedIn and X (formerly Twitter) for the latest updates.

Mercados Energy Markets India Private Limited (Mercados) is a prominent Indian consulting firm that has established itself as a key player in the power and energy sector over the past 18 years. Mercados’ reputation is built on being a trusted advisor to a wide array of stakeholders, including government agencies, regulatory bodies, utilities, and private sector players.

With a dedicated team of domain and technical experts, Mercados provides end-to-end advisory assistance across the electricity value chain to Generation, Transmission, Distribution, Power Trading and Renewable Energy Clients.

In addition to consulting services, Mercados EMI has developed a strong Enterprise SaaS vertical that leverages cutting-edge Artificial Intelligence (AI) and Machine Learning (ML) technologies. Key solutions include Energy Portfolio Management (jouleOS), Analytics, Invoice Verification and Regulatory AI interfaces. These digital solutions are designed to address the complexities of the evolving energy ecosystem, providing businesses with advanced analytics and decision-making tools.

Mercados Energy Markets India Private Limited combines deep sector expertise, technological innovation, and a comprehensive suite of consulting and digital solutions to support India’s energy transition and sector reforms.

The India Smart Grid Forum (ISGF) has evolved as a Think-Tank of global repute on Smart Energy, Electric Mobility and Energy Transition. ISGF, established as a Public Private Partnership initiative of Government of India in 2011, is spearheading the mission to accelerate electric grid modernisation, electric mobility and energy transition in India. ISGF has over 200 members comprising ministries, utilities, technology providers, academia and research.

Since inception, ISGF has been driving the programs for digitalisation of utilities and is actively involved in training and capacity building, and various advisory and research activities in the areas of renewable energy, smart grids, energy storage, electric vehicles, smart cities; and latest technologies like blockchain, artificial intelligence (AI), machine learning (ML) and robotics. ISGF has provided advisory services including capacity building and training programs to several utilities and regulatory bodies in India and overseas.