A fast-read primer on India's power generation sector — the backdrop against which we benchmark every company's cost structure in this category.
Clean power generation has scaled rapidly, backed by a sharply higher budget allocation.
2014 → 2025
FY25 → FY26
Global scale, clean energy momentum, and strong investment define India's power sector.
A sample of the industry-wide and policy moves shaping the sector through early 2026.
Listed Indian Power companies in tDoBe's cost-benchmarking coverage.
The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.
Each mark is one company's total Other Expenses as % of net revenue. No company is named here.
Ranked from biggest to smallest.
Repairs & Maintenance leads at 3.2% of revenue, just ahead of Miscellaneous/Others (2.7%) — both a direct signature of capital-intensive, asset-heavy generation and transmission infrastructure. Freight/Distribution & Logistics also shows up at a scale rarely seen elsewhere, capturing grid-dispatch and ash-transportation charges.
Thermal, hydro, renewable and pure-transmission business models all sit under one sector code, from large integrated generators to newer renewable-focused entities — different asset mixes and stages of scale-up drive the 20.8x spread.
All ten companies collected for this sector are genuine large-to-mid-cap operating power companies and are used in every ratio, with no exclusions.
This is the free, sector-wide view. It tells you where Power stands as a whole — not where your own company stands against it, category by category, in rupees.
A below-average number is a reason to call too — the benchmark keeps improving as we go.