Top 10 Energy Companies - 2020

The Indian energy sector is driven by renewables, surging oil demands, and higher gas output. It is stated that fossil fuels at present make up about 75 percent of India's energy mix, however, with the world closing towards cleaner technologies, India is projected to play the role of shaping the earth's future climate scenario. India is one of the rapidly growing economies, with predictions and analysis suggesting that it can overtake the United States and become the world's biggest economy by 2050. According to the Organization of the Petroleum Exporting Countries (OPEC), India's oil demand is projected to rise by 5.8 million barrels per day by 2040 and account for almost 40 percent of the overall increase in global demand in the next 20 years. With the increasing dependency on commercial fuels, there is a sizable packet of energy requisites, especially in the non-commercial sector, is complemented by the energy sources like fuelwood, crop residue, and animal waste, which also include human and draught animal power. But also with the rise of commercial energy of other forms, with greater quality and efficiency aspects, these aforementioned sources are being steadily replaced by petroleum products, coal, and electricity. According to the Central Electricity Authority's National Electricity Plan, renewable energy sources' contribution is expected to be almost 21 percent of the total electricity requisite in India between 2021 and 22 and 24 percent by 2026-27. And being a part of the Intended Nationally Determined Contributions under the Paris Accord on Climate Change, there has been a pledge by the country that by 2030, 40 percent of the installed power generation capacity shall be from non-fossil fuel sources, thereby reducing the carbon emission intensity of GDP by 33-35 percent from the level of 2005. Stating the importance of the energy sector in India, and the companies providing affluent services to the sector, in this issue of the CEO Insights magazine, we present a list of 'Top 10 Energy Companies - 2020'. The listing is prepared after thorough research of the sector by the industry veterans, CEOs, VCs, and the CEO Insights editorial board. It provides vital information about the energy sector and the services provided by the companies.