Hindustan Power
Hindustan Power is a privately held Indian independent power producer and mining operator with a 4 GW built portfolio across coal-based thermal (Anuppur ultra-supercritical plant), utility-scale solar PV, battery energy storage, and coal/critical minerals mining, selling exclusively to state utilities and government agencies under long-term PPAs.
- Company typePrivate
- Founded2008
- HeadquartersNew Delhi, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Hindustan Power does
Hindustan Powerprojects Private Limited (Hindustan Power) is an Indian independent power producer and mining operator incorporated in 2008 and headquartered in New Delhi. The company operates across three segments: Transitional Energy (coal-based thermal generation led by the 2x600 MW Anuppur ultra-supercritical plant in Madhya Pradesh, 100% FGD-compliant since 2024), Renewable Energy (utility-scale solar PV, including a 100 MW Tamil Nadu plant and a 2025 pipeline of 1 GW solar plus 750 MWh battery energy storage), and Mining Operations (the Anjan Hill and Saunda-D coal mines, with a 2024 entry into critical minerals exploration in Madhya Pradesh). The company pioneered India's utility-scale solar sector, commissioning the country's first 5 MW solar plant in 2010 and Asia's first 30 MW solar PV project in 2011, and became India's largest solar producer in 2013.
The company generates revenue primarily through long-term Power Purchase Agreements (PPAs) with state utilities and government agencies, including UPPCL, SECI, APDCL, SJVN, PSPCL, and MPPMCL, with capacity charges and energy charges under regulatory tariffs. Pricing is not publicly disclosed and is governed by CERC and state regulatory frameworks. Go-to-market is enterprise field sales via competitive bidding for utility-scale power projects. The company maintains an integrated value chain—captive coal mining, thermal generation, and increasingly solar-plus-storage—that supports fuel security and cost competitiveness.
Hindustan Power employs 2,500+ people across India, operates a 4 GW built portfolio, and is led by Chairman Ratul Puri. The company is privately held with no disclosed institutional investors, family-office activity, or public-market presence. Recent strategic priorities include doubling Anuppur thermal capacity via a 2x800 MW Phase-II expansion (MoEF-cleared in April 2026 with an 800 MW PPA signed with MPPMCL), scaling the solar-plus-storage build-out, and developing the critical minerals franchise. The company also runs community programs (SAFAL livelihoods, AROGYA healthcare, TALEEM education, Project yUDAI) that support stakeholder relations in project-hosting regions.
Hindustan Power firmographics
Firmographics- Name
- Hindustan Power
- Legal name
- Hindustan Powerprojects Private Limited
- Website
- https://hindustanpowerprojects.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Hindustan Power is a privately held Indian independent power producer and mining operator with a 4 GW built portfolio across coal-based thermal (Anuppur ultra-supercritical plant), utility-scale solar PV, battery energy storage, and coal/critical minerals mining, selling exclusively to state utilities and government agencies under long-term PPAs.
- Ownership category
- akta.pro rank
Hindustan Power industry classification
Industry- Product category
- Independent Power Generation
- NAICS
- Solar Electric Power Generation (221114), Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
- akta.pro secondary industry
- Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC)
Keywords
Where Hindustan Power is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Hindustan Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Generation and Supply: Generation and supply of electricity through long-term power purchase agreements (PPAs) with state utilities and government agencies. Revenue is generated from capacity charges and energy charges under these agreements.
- Mining Operations: Coal mining operations including the Anjan Hill Coal Mine in Chhattisgarh and Saunda-D Coal Mine in Jharkhand, supporting domestic coal production and energy security. In 2025, entered critical minerals exploration with platinum-led minerals in Madhya Pradesh.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Hindustan Power product offering
Product offeringCore offering
Hindustan Power generates and supplies electricity through utility-scale solar photovoltaic plants (with integrated battery energy storage) and coal-based thermal power plants using ultra-supercritical technology. The company also conducts coal mining and critical minerals exploration to support its own fuel needs and the broader energy supply chain. Electricity is sold wholesale to state utilities and government agencies under long-term Power Purchase Agreements.
Product overview
Hindustan Power operates as an independent power producer with three core business segments: Transitional Energy (thermal power generation using coal with ultra-supercritical technology), Renewable Energy (solar power generation from utility-scale solar plants to battery storage solutions), and Mining Operations (coal mining and critical minerals exploration). The company pioneered India's solar energy sector, commissioned the country's first utility-scale solar plant, and has expanded into integrated solar-plus-storage solutions. The thermal business provides baseload power while renewables drive the clean energy transition.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar Power Generation Utility-scale solar photovoltaic power generation projects ranging from early pioneering 5MW plants to modern large-scale solar farms. Electricity is sold wholesale to state electricity boards and government agencies under long-term Power Purchase Agreements.
- Coal-Based Thermal Power Generation Coal-based thermal power generation using ultra-supercritical technology at the Anuppur plant in Madhya Pradesh, providing baseload power with 100% FGD (Flue Gas Desulphurization) compliance for emissions reduction. Power is supplied to state utilities under long-term PPAs.
- Coal Mining and Critical Minerals Operations Coal mining operations including the Anjan Hill Coal Mine in Chhattisgarh and the Saunda-D Coal Mine in Jharkhand, supporting domestic coal production and the company's own fuel security. In 2024, the company received a Letter of Intent to explore platinum-led critical minerals in Madhya Pradesh.
Quantifiable outcome
- Commissioned India's first utility-scale solar power plant (2010)
- +4 more outcomes
Companies that use Hindustan Power
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Hindustan Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Hindustan Power partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights10 records
Hindustan Power competitors and assessment
Company assessmentBroad incumbents
- NHPC Limited: Large Indian public-sector hydropower and renewable developer that also competes for solar and storage project awards from SECI and state utilities. Comparable as a long-tenure Indian IPP with diversified renewable pipeline.
- Tata Power: One of India's largest integrated power companies spanning generation (thermal, solar, wind, hydro), transmission, distribution, and rooftop solar. Broader in scope than Hindustan Power but directly competes in utility-scale solar tenders and state-utility PPAs.
- Torrent Power: Indian integrated power player with generation (thermal, solar, wind) plus licensed distribution in select states. Comparable on generation diversification and government-utility PPA exposure, though it also operates a retail distribution franchise.
Direct peers
- Adani Power: Largest private thermal power producer in India with a mixed thermal/renewable portfolio supplying state discoms under long-term PPAs. Directly comparable to Hindustan Power on customer base (state utilities), business model (IPP with PPAs), and technology mix (coal ultra-supercritical plus renewables expansion).
- GMR Energy: Indian IPP with thermal, hydro, and renewable assets operating under long-term PPAs with state utilities. Comparable on diversified generation portfolio, government counterparty exposure, and transition strategy from coal toward renewables.
- ReNew Power: Leading pure-play Indian renewable IPP with utility-scale solar, wind, and storage projects supplying C&I and government off-takers. Directly comparable in the SECI/state-utility solar-plus-storage auction market.
- Jindal Power (Jindal Steel & Power): Indian thermal IPP with captive and merchant coal exposure, competing in similar state-utility PPAs. Comparable on coal-based generation footprint, government-customer revenue base, and renewable expansion efforts.
- Reliance Power: Private Indian IPP with large coal-based thermal capacity and emerging renewable projects, also selling power to state distribution companies. Highly comparable on customer profile (state discoms), generation mix, and recent pivot toward solar capacity additions.
- JSW Energy: Indian IPP with thermal, hydro, and renewable assets competing in the same SECI/state-utility tender markets as Hindustan Power. Comparable on diversified generation mix, PPA-driven revenue model, and ongoing solar/wind capacity expansion strategy.
- Adani Green Energy: India's largest renewable IPP, operating multi-GW utility-scale solar, wind, and hybrid projects with state-utility and SECI PPAs. Most direct competitor in the 1 GW solar + storage tender segment where Hindustan Power is actively bidding.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Hindustan Power social profiles
Digital presenceHindustan Power compliance and trust
Trust signalCompliance1 record
Hindustan Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hindustan Power leadership team
Management profileNumber of profiles
Profiles1 record
Hindustan Power funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hindustan Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hindustan Power
What does Hindustan Power do?
Hindustan Power generates and supplies electricity through utility-scale solar photovoltaic plants (with integrated battery energy storage) and coal-based thermal power plants using ultra-supercritical technology. The company also conducts coal mining and critical minerals exploration to support its own fuel needs and the broader energy supply chain. Electricity is sold wholesale to state utilities and government agencies under long-term Power Purchase Agreements.
Is Hindustan Power a public or private company?
Hindustan Power is a private company. It is classified as family owned and is currently operating.
When was Hindustan Power founded?
Hindustan Power was founded in 2008. It employs 5,001 to 10,000 people.
Where is Hindustan Power based?
Hindustan Power is headquartered in New Delhi, India, in the Asia region.
How does Hindustan Power make money?
Two revenue lines are on record. Power Generation and Supply is the primary driver. The others are mining Operations.
Who are Hindustan Power's main competitors?
Broad incumbents on record are NHPC Limited, Tata Power and Torrent Power. Direct peers are Adani Power, GMR Energy, ReNew Power, Jindal Power (Jindal Steel & Power), Reliance Power, JSW Energy and Adani Green Energy.
Does Hindustan Power have an API?
No public API is recorded for Hindustan Power.
What industry is Hindustan Power in?
Hindustan Power's product category is Independent Power Generation. Its primary akta.pro industry code is EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro), with a secondary code of IMAFADAC, Power Generation Plant Construction (Thermal, Hydro, Nuclear). Its NAICS code is 221114 and its SIC code is 4911.