{"id":69734,"date":"2026-04-10T16:13:41","date_gmt":"2026-04-10T10:43:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=69734"},"modified":"2026-04-10T16:13:42","modified_gmt":"2026-04-10T10:43:42","slug":"blogs-psu-power-stocks-list-india","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/","title":{"rendered":"PSU Power Stocks List India 2026: NTPC, Power Grid, SJVNL &amp; Complete Guide"},"content":{"rendered":"<p>PSU power stocks List India 2026 \u2014 government-owned power generation, transmission, and distribution companies listed on Indian stock exchanges \u2014 are one of India&#8217;s most interesting investment segments for 2026. These companies sit at the intersection of India&#8217;s stable electricity demand growth, the renewable energy transition, and government policy that mandates dividend payouts.<\/p><p>The PSU power stocks list has expanded and transformed significantly over the past 5 years. Traditional thermal power companies like NTPC are pivoting to renewable energy. Transmission companies like Power Grid are benefiting from India&#8217;s grid upgrade investment. Hydro companies like NHPC are gaining attention as pumped storage hydro becomes critical for renewable energy integration.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here \u2013 Get Free Investment Predictions<\/strong><\/a> on Univest.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Complete_PSU_Power_Stocks_List_India_2026\" title=\"Complete PSU Power Stocks List India 2026\">Complete PSU Power Stocks List India 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Why_PSU_Power_Stocks_Are_Gaining_Attention_in_2026\" title=\"Why PSU Power Stocks Are Gaining Attention in 2026\">Why PSU Power Stocks Are Gaining Attention in 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#PSU_Power_Stocks_Dividend_Analysis\" title=\"PSU Power Stocks Dividend Analysis\">PSU Power Stocks Dividend Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Quick_Reference_Table\" title=\"Quick Reference Table\">Quick Reference Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Q1_What_are_PSU_power_stocks_in_India\" title=\"Q1. What are PSU power stocks in India?\">Q1. What are PSU power stocks in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Q2_Which_PSU_power_stock_has_the_highest_dividend_yield\" title=\"Q2. Which PSU power stock has the highest dividend yield?\">Q2. Which PSU power stock has the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/blogs-psu-power-stocks-list-india\/#Q3_Is_NTPC_a_good_investment_for_2026\" title=\"Q3. Is NTPC a good investment for 2026?\">Q3. Is NTPC a good investment for 2026?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Complete_PSU_Power_Stocks_List_India_2026\"><\/span><strong>Complete PSU Power Stocks List India 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>NTPC Limited (NSE: NTPC) \u2014 India&#8217;s largest power generator, with 75 GW of installed capacity. Transitioning aggressively to renewable energy with a target of 60 GW of renewable capacity by 2032. CMP around Rs 340. Dividend yield approximately 3%.<\/p><p>Power Grid Corporation (NSE: POWERGRID) \u2014 India&#8217;s central power transmission company, operating 1.74 lakh circuit km of high-voltage transmission lines. Regulated business with predictable returns. CMP around Rs 295. Dividend yield approximately 6-7%.<\/p><p>NHPC (NSE: NHPC) \u2014 India&#8217;s largest hydro power company, 7,097 MW installed. Pumped storage hydro mandate adds new revenue stream. CMP around Rs 88. Dividend yield approximately 3.5%.<\/p><p>SJVNL (NSE: SJVNL) \u2014 Himachal Pradesh-based hydro and renewable energy PSU. CMP around Rs 105.<\/p><p>THDC India (NSE: THDCIL) \u2014 Uttarakhand-based hydro power company, subsidiary of NTPC. CMP around Rs 195.<\/p><p>CPCL (Chennai Petroleum, NSE: CPCL) \u2014 Oil refining, often included in PSU energy but different from pure power. CMP around Rs 890.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_PSU_Power_Stocks_Are_Gaining_Attention_in_2026\"><\/span><strong>Why PSU Power Stocks Are Gaining Attention in 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>India&#8217;s electricity demand is growing at 7-9% annually, driven by industrial expansion, EV charging, data centres, and improved rural electrification. This demand growth creates a strong foundation for all power sector PSUs.<\/p><p>The renewable energy transition is the additional catalyst: India&#8217;s target of 500 GW by 2030 requires massive grid expansion (Power Grid&#8217;s opportunity), new generation capacity (NTPC&#8217;s opportunity), and pumped storage hydro for grid balancing (NHPC, SJVNL, THDCIL opportunity).<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PSU_Power_Stocks_Dividend_Analysis\"><\/span><strong>PSU Power Stocks Dividend Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>PSU power companies are required to pay a minimum 30% dividend on net profits under the Department of Investment and Public Asset Management (DIPAM) guidelines. This mandatory dividend policy makes PSU power stocks among the most consistent dividend payers in the Indian market. Power Grid at 6-7% yield is one of the highest-yielding large-cap stocks in India.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quick_Reference_Table\"><\/span><strong>Quick Reference Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>CMP<\/strong><\/td><td><strong>Dividend Yield<\/strong><\/td><td><strong>Renewable Exposure<\/strong><\/td><\/tr><tr><td>NTPC (NTPC)<\/td><td>Rs 340<\/td><td>~3%<\/td><td>High \u2014 60 GW renewable target<\/td><\/tr><tr><td>Power Grid (POWERGRID)<\/td><td>Rs 295<\/td><td>~6-7%<\/td><td>Transmission (all power)<\/td><\/tr><tr><td>NHPC (NHPC)<\/td><td>Rs 88<\/td><td>~3.5%<\/td><td>Hydro + pumped storage<\/td><\/tr><tr><td>SJVNL (SJVNL)<\/td><td>Rs 105<\/td><td>~4%<\/td><td>Hydro + solar expansion<\/td><\/tr><tr><td>THDC India (THDCIL)<\/td><td>Rs 195<\/td><td>~3%<\/td><td>Hydro + renewable<\/td><\/tr><\/tbody><\/table><\/figure><p>Use the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a> to filter and compare all stocks mentioned in this article with live data.<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> for daily research and SEBI-registered stock recommendations.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_are_PSU_power_stocks_in_India\"><\/span><strong>Q1. What are PSU power stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>PSU power stocks are government-owned power companies listed on NSE\/BSE: NTPC (generation), Power Grid (transmission), NHPC (hydro), SJVNL (hydro + renewable), and THDC India. They offer stable dividends and renewable energy exposure.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_Which_PSU_power_stock_has_the_highest_dividend_yield\"><\/span><strong>Q2. Which PSU power stock has the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Power Grid Corporation consistently offers the highest dividend yield among large-cap PSU power stocks, at approximately 6-7% at current prices. SJVNL and NHPC also offer 3-4% yields.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_Is_NTPC_a_good_investment_for_2026\"><\/span><strong>Q3. Is NTPC a good investment for 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>NTPC is India&#8217;s largest power company transitioning to renewable energy (60 GW target by 2032). At Rs 340 with ~3% dividend yield and RE transition story, it offers a reasonable combination of income and growth. Consult a SEBI-registered advisor.<\/p><p><strong>Disclaimer: <\/strong>Investments in securities are subject to market risk. This article is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before investing.<\/p><p>For more articles, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>PSU power stocks List India 2026 \u2014 government-owned power generation, transmission, and distribution companies listed on Indian stock exchanges \u2014 are one of India&#8217;s most interesting investment segments for 2026. These companies sit at the intersection of India&#8217;s stable electricity demand growth, the renewable energy transition, and government policy that mandates dividend payouts. The PSU<\/p>\n","protected":false},"author":26,"featured_media":69751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1002],"tags":[],"class_list":["post-69734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisory"],"metadata":{"_edit_lock":["1775817868:26"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_seo_score":["71"],"rank_math_focus_keyword":["PSU Power Stocks List India 2026"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_primary_category":["1002"],"rank_math_title":["PSU Power Stocks List India 2026: NTPC, Power Grid, SJVNL &amp; Complete Guide"],"rank_math_description":[" PSU power stocks list India 2026: NTPC, Power Grid, SJVNL, NHPC, THDC, NEEPCO. Government power companies, renewable energy transition, dividend yield, investment 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