Company lists
The Delhi edition · 2026

Energycompanies in Delhi

Solar, wind & bio, power equipment, storage & efficiency, oil & gas and more: the companies building energy in Delhi, with their founders, funding, team size and business models.

551 company profiles268 with reported revenue13 with recorded fundingSeptember 2026 edition
Delhi · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent energy business events in Delhi

Funding, M&A, contract wins and launches involving 660 energy companies in Delhi, last 24 months: 304 Contracts · 57 M&A deals · 14 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractInfrastructure

Bhel · client: Meja Urja Nigam

BHEL announced it has bagged an order worth Rs 21,000 crore for the development of a thermal power plant in Uttar Pradesh, awarded by Meja Urja Nigam Private (MUNPL).

Energy
ContractInfrastructure

Bharat heavy electricals · client: Meja Urja Nigam

Shares of state-owned Bharat Heavy Electricals Limited went up by over 2 per cent on Friday after the engineering major secured an order worth over Rs 21,000 crore from Meja Urja Nigam…

Power
ContractSupply

Bharat heavy electricals · client: Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise

Bharat Heavy Electricals Limited (BHEL) signed a contract on 2 June 2026 with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise in Nigeria for a refinery and petrochemical…

Energy
M&AAcquisition · Completed

Power grid corporation of india acquires TUMKUR II RE Transmission Limited

Power Finance Corporation Limited completed the transfer of its wholly owned subsidiary, TUMKUR II RE Transmission Limited, to Power Grid Corporation of India Limited on May 29, 2026,…

Transmission
M&AAcquisition · Announced

Ntpc acquires NTPC EDMC Waste Solutions Private Limited (NEWS)

NTPC has signed an agreement with Municipal Corporation of Delhi and NTPC EDMC Waste Solutions Private Limited for termination of Joint Venture Agreement dated 11th June 2019 and…

Waste management and electricity generation
ContractTechnology

Lummus technology · client: National Thermal Power Corporation

Lummus Technology (Houston) announced GPS Renewables has selected its ethanol-to-jet (ETJ) technology for National Thermal Power Corporation’s (NTPC) Project at Pudimadaka, Andhra…

Aviation Fuel
ContractInfrastructure

Indian oil · client: Vizhinjam international seaport limited

VISL has signed an MoU with Indian Oil Corporation Limited to establish a dedicated oil bunkering facility for refuelling cargo vessels.

Maritime Logistics
M&AMerger · Announced

Power grid corporation of india acquires 28 wholly owned subsidiaries

The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into…

Power
Contract

Dredging corporation of india · client: Indian oil

Dredging Corporation of India has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the supply of fuel to its dredging fleet for a period of five…

Fuel
ContractSupply

MB Power Limited · client: Bharat heavy electricals

State-owned engineering firm Bharat Heavy Electricals Limited said it has withdrawn its acceptance of a letter of intent from MB Power Limited for the supply of equipment comprising…

Thermal Power
M&AAcquisition · Announced

Guangdong Dynavolt Technologies acquires Starlit Power Systems

Under the JV, Dynavolt will acquire 24 percent of fresh equity in Starlit with an infusion of RMB 5 million that will go towards procuring equipment.

Battery manufacturing
M&AAcquisition · Announced

Ongc videsh acquires Vankorneft

MoU between ONGC Videsh (OVL) and Rosneft regarding acquiring of 11% share in Vankorneft in addition to earlier 15% share by OVL;

Oil & Gas
ContractInfrastructure

Enviro Infra Engineers · client: Ntpc

Enviro Infra Engineers Ltd (EIEL), an infrastructure company focused on water and wastewater treatment solutions, has entered the battery energy storage system (BESS) segment by securing…

Renewable Energy
ContractSupply

Oriana power · client: Solar Energy Corporation of India (SECI)

ACME Cleantech, NTPC Renewable Energy, Jakson Green and Oriana Power were among the companies that on Monday signed 10-year binding green ammonia supply agreements with the Solar Energy…

Energy / Fertiliser
FundingEquity

Meja Urja Nigam

Alongside storage, NTPC approved an additional equity infusion of Rs 3173.67 crore into Meja Urja Nigam Private Limited.

Investors NTPC Limited
Energy
ContractService

Enviro Infra Engineers · client: Ntpc

Enviro Infra Engineers has been awarded a significant contract by NTPC, valued at ₹664.33 crore, for the execution of Battery Energy Storage Systems (BESS) projects in Karnataka and…

Energy Storage
FundingJoint investment

Sb energy

SoftBank and OpenAI have jointly invested $1 billion in SB Energy, an infrastructure company working with tech firms on a U.S. buildout of data centers.

Investors Softbank, Openai
Infrastructure
ContractSupply

East India Drums and Barrels Manufacturing · client: Indian oil corporation

East India Drums and Barrels Manufacturing has received a Letter of Acceptance (LoA) from Indian Oil Corporation for the procurement and supply of 1.0 mm MS Plain and Epoxy Coated…

Manufacturing
ContractGovernment

Hindustan Power · client: Ministry of mines

Hindustan Power has marked its entry into India’s critical minerals sector after one of its group firms secured a Letter of Intent (LoI) for the exploration of the Padhar Platinum Group…

Critical minerals
ContractTechnology

Blue cloud softech solutions · client: Central electronics limited

The Government of India company Central Electronics Limited (CEL) has placed a purchase order with Blue Cloud Softech Solutions Limited (BCSSL) (BSE: 539607) for the deployment of its…

Healthcare
ContractGovernment

Hindustan Power · client: Union Ministry of Mines

Hindustan Power, one of India’s leading integrated energy companies, today announced that one of its group firms has been awarded a Letter of Intent (LoI) for exploration of the Padhar…

Critical minerals
ContractSupply

Suzlon energy · client: Gail

Suzlon Energy said that this the fourth PSU order that the company has won in financial year 2026, and that the power generated from this project will support the decarbonization of…

Renewable Energy
ContractTechnology

OpenAI and SoftBank Group · client: Sb energy

In January, OpenAI and SoftBank Group jointly invested $1 billion in US digital infrastructure company SB Energy as part of a plan to build out AI data centres.

Digital Infrastructure
ContractSupply

Cliantech Solutions · client: Ib solar

Cliantech Solutions has secured a contract from IB Solar to supply a 1.2 GW artificial intelligence-enabled solar module manufacturing line, marking a significant step in expanding…

Solar Manufacturing
ContractService

Railtel corporation of india · client: Power grid corporation of india

RailTel Corporation of India Limited announced that it has received a Letter of Intent from Power Grid Corporation of India Limited for a services-related contract.

Infrastructure & Technology Services
ContractSupply

Petronet lng · client: GAIL (India) Limited

Petronet LNG issued a force majeure notice on March 3, 2026, under their Gas Sale and Purchase Agreement.

Energy
ContractService

Trident · client: Gulshan polyols

Gulshan Polyols has entered into an agreement with Trident to design, set up, operate and maintain an onsite Precipitated Calcium Carbonate (PCC) manufacturing facility at Barnala,…

Chemical manufacturing
ContractGovernment

NTPC Limited · client: Gujarat Mineral Development Corporation Limited

The first MoU provides for partnership to utilise coal from GMDC’s coal blocks for power generation at NTPC’s existing and upcoming power stations.

Power Generation
ContractSupply

Bmw ventures · client: Bharat heavy electricals

BMW Ventures Limited, a leading steel distributor and manufacturer of fabricated steel products in Eastern India, has secured its largest fabricated steel products contract to date,…

Infrastructure
Funding

Jindal power

The power unit of one of India’s largest conglomerates Jindal Group is seeking to raise as much as $1 billion from offshore loans to fund overseas expansion, according to people familiar…

Energy companies in Delhi, by revenue

Browse energy companies in Delhi by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 268 energy companies in Delhi that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of oil and gas refining, distribution & marketing infrastructure services

Oil & gas downstream services
₹885,078.30 crFY 2023-24
Not reported
41,688-2% 12 mo to Mar 2024LinkedIn · Jul 2026
67 yr1959
1postings · last posted Sep 2026

Provider of crude oil & natural gas exploration and production services

Oil & gas midstream
₹655,258.94 crFY 2023-24
Not reported
16,682LinkedIn · Jul 2026
70 yr1956
0none in 3 months

Government entity engaged in the generation of electricity and allied activities

Non- renewable power generation
₹181,165.86 crFY 2023-24
Not reported
25,955+3% 12 mo to Mar 2024LinkedIn · Jul 2026
51 yr1975
0none in 3 months

Provider of natural gas exploration, production, transmission, marketing, and processing services

Oil & gas midstream
₹134,507.35 crFY 2023-24
Not reported
9,237-5% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Provider of electricity transmission services

Utilities
₹46,913.12 crFY 2023-24
Not reported
6,758-5% 12 mo to Nov 2023LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of oil & gas exploration and production services

Oil & gas upstream
US$5.00bnDec 2024
+60%2023–2024
461+112% 12 mo to Dec 2023recorded Dec 2023
12 yr2014
0none in 3 months

Manufacturer of electrical component

Electricity transmission & distribution equipment
₹24,439.05 crFY 2023-24
Not reported
1,050-89% 12 mo to Jun 2024LinkedIn · Jul 2026
62 yr1964
0none in 3 months

Provider of electricity and power trading services

Electricity exchange and trading
₹16,277.22 crFY 2024-25
-3%2024–2025
1,201+10% 12 mo to Mar 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of electricity distribution services

Utilities
₹7,647.89 crFY 2021-22
Not reported
1,001recorded
24 yr2002
—No postings tracked

Rooftops solar services

Services for energy efficiency
₹6,191.69 crFY 2023-24
Not reported
258-82% 12 mo to Mar 2023LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of energy and power trading solutions across multiple platforms

Oil & gas downstream
₹4,140.24 crFY 2022-23
Not reported
321-20% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
3postings · last posted Sep 2026

Developer of thermal power generation plant

Geothermal energy
₹3,470.80 crFY 2021-22
Not reported
18+0% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
—No postings tracked

Developer of non-renewable energy based power projects

Non- renewable power generation
₹3,704.78 crFY 2023-24
Not reported
59-2% 12 mo to Sep 2024recorded Sep 2024
19 yr2007
—No postings tracked

Manufacture of solar module mounting structure

Solar energy
₹2,554.81 crFY 2024-25
+48%2024–2025
171+44% 12 mo to Feb 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Developer of power transmission and distribution based projects

Electricity transmission & distribution project developer
₹1,955.34 crFY 2021-22
Not reported
98-3% 12 mo to Aug 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of precipitated calcium carbonate, starch derivatives and sorbitol

Bioenergy
₹2,024.54 crFY 2024-25
+46%2024–2025
450+6% 12 mo to Mar 2023LinkedIn · Jul 2026
45 yr1981
0none in 3 months · last posted Feb 2025

Diversified oil and gas midstream firm

Oil & gas midstream
₹1,836.24 crFY 2023-24
Not reported
920-8% 12 mo to Jul 2024recorded Jul 2024
42 yr1984
—No postings tracked

Manufacturer of solar powered products

Solar energy
₹1,550.09 crFY 2024-25
+67%2024–2025
1,477+14% 12 mo to Jun 2024LinkedIn · Jul 2026
30 yr1996
0none in 3 months · last posted Jun 2026

Manufacturer of transmission line towers

Electricity transmission & distribution equipment
₹1,454.70 crFY 2024-25
+20%2024–2025
1,003-10% 12 mo to Jul 2024recorded Jul 2024
20 yr2006
0none in 3 months

Manufacturer of sugar, bio-ethanol, power, and steel products

Bioenergy
₹1,363.07 crFY 2024-25
+1%2024–2025
208LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Manufacturer of Solar PV Modules

Solar energy
₹1,052.57 crFY 2024-25
+44%2024–2025
280+18% 12 mo to Jul 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of oil, and gas services

Utilities
₹924.68 crFY 2021-22
Not reported
186-14% 12 mo to Jun 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Natural gas distribution network developer & operator

Oil & gas downstream
₹873.18 crFY 2021-22
Not reported
512LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of solar PV modules

Solar energy
₹783.01 crFY 2024-25
+89%2024–2025
74-50% 12 mo to Feb 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Provider of solar power generation services

Solar energy
₹730.52 crFY 2024-25
+24%2024–2025
662recorded
27 yr1999
0none in 3 months
50 of 551 companies shown here · the full list is on Radar
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Explore all 551 energy companies in Delhi on Radar

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  • Every company, not just 50All 551 energy companies in Delhi, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore energy companies in Delhi by what you are looking for

Browse top energy companies in Delhi, including solar energy companies, wind and bioenergy developers and oil and gas firms. Find energy startups in Delhi and listed energy companies by category.

9 ways to explore energy in Delhi

Solar energy companiesWind, hydro & bioenergy companiesPower transmission & electrical equipment companiesEnergy storage & energy efficiency companiesOil & gas companies and equipment suppliersPower utilities & generation companies

Solar energy companies

Manufacturers and developers of solar panels, modules and solar products.

  1. Purshotam Group

    Manufacture of solar module mounting structure

    Solar energy
    See in list
  2. UTL

    Manufacturer of solar powered products

    Solar energy
    See in list
  3. Gautam Solar

    Manufacturer of Solar PV Modules

    Solar energy
    See in list
  4. Sukhbir Agro Energy

    Provider of solar power generation services

    Solar energy
    See in list
  5. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list

Wind, hydro & bioenergy companies

Renewable energy developers working with wind, hydro, biomass and biogas.

  1. Wave Industries

    Manufacturer of sugar, bio-ethanol, power, and steel products

    Bioenergy
    See in list
  2. Ampin Energy Transition

    Provider of renewable energy solutions

    Solar energy
    See in list
  3. Jaguar Overseas

    Developer of wind and solar energy projects

    Bioenergy
    See in list
  4. SAEL

    Provider of renewable energy project development services

    Solar energy
    See in list
  5. Global Coal & Mining

    Operator of coal beneficiation, transportation, logistics, coal trading, and power generation

    Wind energy
    See in list

Power transmission & electrical equipment companies

Manufacturers and project developers for transmission, distribution and switchgear.

  1. Power Grid

    Provider of electricity transmission services

    Utilities
    See in list
  2. Bharat Heavy Electricals

    Manufacturer of electrical component

    Electricity transmission & distribution equipment
    See in list
  3. RGPPL

    Developer of power transmission and distribution based projects

    Electricity transmission & distribution project developer
    See in list
  4. Salasar

    Manufacturer of transmission line towers

    Electricity transmission & distribution equipment
    See in list
  5. Shyam Indus Power Solutions

    Developer of electricity transmission based utility projects

    Electricity transmission & distribution project developer
    See in list
108 companies in Delhi

Energy storage & energy efficiency companies

Battery makers, LED lighting and energy management providers.

  1. RattanIndia Enterprises

    Rooftops solar services

    Services for energy efficiency
    See in list
  2. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
  3. Plaza Cables

    Offer solar street lights, panels, lanterns, home appliances, and inverter battery

    Energy storage
    See in list
  4. Advanceventilation

    Manufacturer of electro-optical systems for imaging and spectral analysis

    Energy efficiency
    Website
  5. 99 Lighting World

    Manufacturer of LED lighting and solar product

    Energy efficiency
    Website

Oil & gas companies and equipment suppliers

Upstream, midstream and downstream oil and gas firms and oilfield services.

  1. Indian Oil

    Provider of oil and gas refining, distribution & marketing infrastructure services

    Oil & gas downstream services
    See in list
  2. ONGC

    Provider of crude oil & natural gas exploration and production services

    Oil & gas midstream
    See in list
  3. Permian Resources

    Provider of oil & gas exploration and production services

    Oil & gas upstream
    See in list
  4. Sindhu Trade

    Diversified oil and gas midstream firm

    Oil & gas midstream
    See in list
  5. Goyal Group

    Manufacturers of premium quality edible oil and gas

    Traditional conglomerates
    See in list

Power utilities & generation companies

Electricity utilities, thermal and conventional power generators.

  1. NTPC

    Government entity engaged in the generation of electricity and allied activities

    Non- renewable power generation
    See in list
  2. Power Grid

    Provider of electricity transmission services

    Utilities
    See in list
  3. Tata Power-DDL

    Provider of electricity distribution services

    Utilities
    See in list
  4. RattanIndia Power

    Developer of non-renewable energy based power projects

    Non- renewable power generation
    See in list
  5. OTPC

    Provider information about business, financial performance, power plant, strategies, etc

    Non- renewable power generation
    Website

Listed energy companies in Delhi

Publicly listed energy companies.

  1. Indian Oil

    Provider of oil and gas refining, distribution & marketing infrastructure services

    Oil & gas downstream services
    See in list
  2. ONGC

    Provider of crude oil & natural gas exploration and production services

    Oil & gas midstream
    See in list
  3. NTPC

    Government entity engaged in the generation of electricity and allied activities

    Non- renewable power generation
    See in list
  4. Power Grid

    Provider of electricity transmission services

    Utilities
    See in list
  5. Permian Resources

    Provider of oil & gas exploration and production services

    Oil & gas upstream
    See in list
25 companies in Delhi

Energy startups in Delhi

Recently founded energy companies.

  1. Triveni Renewables

    Manufacturer of solar glass, automotive glass, and industrial glass products

    Solar energy
    See in list
  2. AJA Energy Solutions

    Solar energy products and equipment supplier and distributor that offers a range of renewable energy solutions, including solar panels, inverters, and batteries

    Solar energy
    Website
  3. G.V.E.

    Provider of electrical structure planning and installing services

    Electricity transmission & distribution project developer
    Website
  4. GreenZo Energy

    Provider of solar engineering, procurement & constructions services

    Solar energy
    Website
  5. Amplus Helios

    Provider of solar power plants

    Solar energy
    Website
46 companies in Delhi

Energy companies hiring in Delhi

Energy companies with open roles.

  1. Indian Oil

    Provider of oil and gas refining, distribution & marketing infrastructure services

    Oil & gas downstream services
    See in list
  2. Manikaran Power

    Provider of energy and power trading solutions across multiple platforms

    Oil & gas downstream
    See in list
  3. Gulshan Polyols

    Manufacturer of precipitated calcium carbonate, starch derivatives and sorbitol

    Bioenergy
    See in list
  4. UTL

    Manufacturer of solar powered products

    Solar energy
    See in list
  5. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
24 companies in Delhi
Mobile reach

Top 10 energy apps from Delhi

The most-installed Android apps published by energy companies headquartered in Delhi — 2.2M installs between them. 19 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

IndianOil For Business

by Indian Oil

Installs1.8M
Rating4.2430K ratings
Last updatedMay 2026
View on Google Play ↗
IndianOil For Business screenshot 1IndianOil For Business screenshot 2IndianOil For Business screenshot 3IndianOil For Business screenshot 4IndianOil For Business screenshot 5IndianOil For Business screenshot 6
2

ONGCAReS

by ONGC

Installs92K
Rating—
Last updatedSep 2024
View on Google Play ↗
ONGCAReS screenshot 1ONGCAReS screenshot 2ONGCAReS screenshot 3ONGCAReS screenshot 4ONGCAReS screenshot 5ONGCAReS screenshot 6
6

UTL SOLAR SUN+

by UTL

Installs37K
Rating—
Last updatedMay 2026
View on Google Play ↗
UTL SOLAR SUN+ screenshot 1UTL SOLAR SUN+ screenshot 2UTL SOLAR SUN+ screenshot 3UTL SOLAR SUN+ screenshot 4UTL SOLAR SUN+ screenshot 5UTL SOLAR SUN+ screenshot 6
8

Servotech EV Charging

by Servoteh

Installs12K
Rating—
Last updatedNov 2025
View on Google Play ↗
Servotech EV Charging screenshot 1Servotech EV Charging screenshot 2Servotech EV Charging screenshot 3Servotech EV Charging screenshot 4Servotech EV Charging screenshot 5Servotech EV Charging screenshot 6
The business behind the activity

Energy financials in Delhi

Revenue, profit and growth from the filed annual accounts of 233 energy companies in Delhi for FY24-25 — 273 of the 551 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 84% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹666,194.05 cr

233 companies filing accounts

combined net profit₹90,847.77 cr

13.6% aggregate margin

are profitable90%

210 of 233 companies

median revenue~₹20.7 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five84%

revenue concentration

Six-year view

Combined revenue of filing companies

₹373,497.41 crFY19-20213 filers
₹321,976.20 crFY20-21225 filers
₹448,009.55 crFY21-22232 filers
₹661,444.78 crFY22-23240 filers
₹635,687.09 crFY23-24247 filers
₹666,194.05 crFY24-25233 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 214 companies over three years

+1%
FY22-23₹660,887.66 cr₹83,720.08 cr net
FY23-24₹634,143.79 cr₹87,774.80 cr net
FY24-25₹665,608.01 cr₹90,952.62 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr2767% profitable
₹1–10 cr6189% profitable
₹10–100 cr8596% profitable
₹100–1,000 cr4090% profitable
Over ₹1,000 cr20100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking69
0–20%56
20–50%45
50–100%26
Doubled+31

227 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

210profitable
23loss-making
13.6%aggregate margin
2.9%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Sukhbir Agro EnergySAEL INDUSTRIES LIMITED+543%₹4,872.35 cr
R2V2R2V2 TECHNOLOGIES PRIVATE LIMITED+478%
Triveni RenewablesTRIVENI RENEWABLES PRIVATE LIMITED
Solar Power Developers AssociationAYANA RENEWABLE POWER SIX PRIVATE LIMITED+402%₹187.70 cr
Juniper Green EnergyJUNIPER GREEN ENERGY LIMITED
Claro EnergyCLARO ENERGY LIMITED+346%₹172.34 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
R2V2R2V2 TECHNOLOGIES PRIVATE LIMITED86.9%
Jaguar OverseasJAGUAR OVERSEAS LIMITED
Power GridPOWER GRID CORPORATION OF INDIA LIMITED33.1%₹46,325.32 cr
Mercados Energy Markets IndiaMERCADOS ENERGY MARKETS INDIA PRIVATE LIMITED
HLS AsiaHLS ASIA LIMITED₹221.55 cr
Meja Urja NigamMEJA URJA NIGAM PRIVATE LIMITED24.3%₹5,202.32 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Non- renewable power generation5₹179,623.03 cr~₹1,394.9 cr100%11.1%
Oil & gas midstream5₹140,207.62 cr~₹6.4 cr100%8.1%
Oil & gas downstream6₹55,163.20 cr~₹171.9 cr83%7.3%
Solar energy102₹34,093.96 cr~₹11.5 cr89%4.4%
Electricity transmission & distribution equipment25₹32,541.30 cr~₹52.7 cr96%2.1%
Bioenergy8₹3,506.65 cr~₹17.8 cr88%1.1%
Electricity transmission & distribution project developer10₹1,184.33 cr~₹54.3 cr90%5.8%
Oilfield services7₹875.19 cr~₹51.9 cr86%12.2%
Leaders

Largest energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
NTPCNTPC LIMITED₹174,413.49 cr₹19,649.41 cr11.3%+5%
Ongc Videsh, ONGCOIL AND NATURAL GAS CORPORATION LIMITED₹148,325.73 cr₹35,610.32 cr24.0%-1%
GAILGAIL (INDIA) LIMITED₹139,688.81 cr₹11,312.32 cr8.1%+5%
Petronet LNGPETRONET LNG LIMITED₹3,926.37 cr
Power GridPOWER GRID CORPORATION OF INDIA LIMITED₹46,325.32 cr₹15,353.57 cr33.1%+1%
Bharat Heavy ElectricalsBHARAT HEAVY ELECTRICALS LIMITED₹28,842.87 cr₹512.97 cr1.8%+18%
PTC IndiaPTC INDIA LIMITED₹15,644.52 cr₹854.78 cr5.5%-3%
Solar EnergySOLAR ENERGY CORPORATION OF INDIA LIMITED
Meja Urja NigamMEJA URJA NIGAM PRIVATE LIMITED₹5,202.32 cr₹1,262.42 cr24.3%+21%
Sukhbir Agro EnergySAEL INDUSTRIES LIMITED₹4,872.35 cr₹290.89 cr6.0%+543%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Energy Industry Landscape of Delhi

The financials above are one chapter. The full energy landscape of Delhi maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the energy landscape of Delhi
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The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Energy funding and M&A across India

545 recorded equity rounds have gone to 6,577 energy companies in India — how much, at which stage, into which sub-sectors, from whom, and how Delhi compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months23

US$796.81m

equity rounds, last 24 months71

US$1.47bn

raised over five yearsUS$5.37bn

219 rounds in India

M&A deals, Delhi57

last 24 months

Capital by year

Equity funding into energy in India

amount rounds
$998m201829
$1.3bn201919
$443m202016
$668m202130
$1.3bn202234
$1.1bn202338
$984m202463
$900m202540
$406m202614

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.31bn across 34 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$102.98m26 rounds · median US$326k
SeedUS$142.06m82 rounds · median US$407k
Series AUS$430.28m42 rounds · median US$4.54m
Series BUS$717.57m25 rounds · median US$13.32m
Series CUS$601.70m16 rounds · median US$35.61m
Series D+US$2.17bn20 rounds · median US$58.75m
Private equityUS$1.20bn8 rounds · median US$100.00m
Where the money went · five years

Most-funded sub-sectors

Solar energyUS$3.38bn122 rounds · 64 companies
Wind energyUS$771.24m11 rounds · 4 companies
Renewable energy techUS$661.80m5 rounds · 3 companies
Electricity transmission & distribution equipmentUS$125.84m4 rounds · 4 companies
Diversified consumer electronics brandsUS$62.00m1 rounds · 1 companies
Hydro powerUS$57.58m2 rounds · 2 companies
Alternative lendingUS$54.61m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in Delhi

50Acquisition
5Merger
1Takeover

Most active acquirers

  1. Power grid corporation of india17
  2. Jindal power10
  3. Ongc videsh4
  4. Salasar techno engineering4
  5. Ntpc3

Most acquired or merged

  1. Jaiprakash Associates2
  2. Bhadreshwar Vidyut2
  3. Ptc india2
  4. TUMKUR II RE Transmission Limited1
  5. NTPC EDMC Waste Solutions Private Limited (NEWS)1

Each deal appears in the events strip at the top of the page.

Energy funding in Delhi

13 energy companies in Delhi have recorded equity funding, US$1.84bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Delhi

Meet the people behind energy companies in Delhi. 181 of 551 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Delhi energy companies by sub-sector

The most common specialisations among energy companies in Delhi. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring energy in India and nearby markets.

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