PSU and private operators of conventional hydro and pumped-storage power plants.
NHPCOperator · HighListed
SJVNOperator · HighListed
Tata PowerOperator · LowListed
SJVN (SJVN)
PSU hydropower generator, expanding into solar, wind and pumped storage
Price
₹53.40
snapshot 30 Oct 2026
Strengths
Established PSU hydro generator diversifying into solar, wind and pumped storage, giving exposure across multiple generation types under one regulated balance sheet
Risks
Smaller scale than NHPC with a similarly monsoon-dependent core hydro business
Diversification into renewables/storage is still early-stage relative to its legacy hydro base
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Owns and operates conventional and pumped-storage hydro plants, providing flexible, fast-ramping generation that can be dispatched within minutes to balance the grid.
Why it matters
As thermal's share of generation declines and renewables' share rises, fast-ramping hydro and PSP capacity becomes more valuable for keeping the grid stable minute to minute.
Where the value pool sits
PSU hydro gencos earn regulated, cost-plus-return tariffs with high revenue visibility; private PSP developers increasingly earn capacity payments for storage/flexibility services rather than just energy sold.