Energy Development Company Limited (ENERGYDEV.BO)
Energy Development Company Limited operates in the Regulated Electric industry of the Utilities sector, headquartered in Kolkata, WB, IN. The stock last traded at $16.95, up 0.89% on the session, giving a market capitalisation of $802.7M. Its beta of 0.26 implies it has historically moved less than the broad market.
Energy Development Company Limited (EDCL), established in 1995 and based in Kolkata, India, is a prominent energy firm specializing in the generation and distribution of electricity across the country. The company primarily harnesses hydroelectric and wind power resources. Its operations are structured into three key segments: Generation, Contract services, and Trading. EDCL not only supplies power to various electricity boards but also actively develops, operates, and maintains a diverse portfolio of energy projects. Its existing infrastructure includes significant hydroelectric installations such as the 9 MW and 6 MW Harangi plants located in Karnataka's Kodagu district, alongside the 7 MW Ullunkal and 15 MW Karikayam hydroelectric projects in Kerala. In the wind energy sector, EDCL manages two 1.5 MW facilities situated in Hassan and Chitradurga, Karnataka. Beyond its current assets, the company is involved in executing new hydroelectric ventures, notably in Arunachal Pradesh. The company provides an extensive array of services, encompassing project construction, development, ongoing operation, and maintenance, complemented by specialized consultancy. It also engages in the commercial trade of power-related equipment and various metals. A core aspect of EDCL's offerings includes expert engineering, consulting, and comprehensive project management for hydroelectric power plants. These services span the entire project lifecycle, from initial planning, feasibility studies, and preparation, through to detailed engineering, project execution, and post-construction support. Furthermore, EDCL extends its expertise to offer third-party power plant operations and maintenance, including specialized consultancy and services for the rehabilitation, renovation, modernization, and capacity enhancement of aging hydropower facilities. Additionally, the company participates in cogeneration, which involves the simultaneous production of heat and electricity from a single fuel source, such as bagasse.
Energy Development Company Limited is most often compared with the following Utilities names: