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
Generates and transmits electricity. Both are state-controlled utilities with regulated returns, a small single-digit share of the index.
Why it matters
Power demand is rising with AC use, data centres and manufacturing, and renewables need new transmission lines - both companies sit in the path of that capex.
Where the value pool sits
Regulated return on equity gives steady, bond-like earnings and dividends. Growth comes from new capacity: renewables and nuclear at NTPC, new lines at Power Grid.