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Manikaran Power Ltd., is a diversified USD 500 Million Energy Solution Company with a balanced energy mix of Power, Coal and Gas.

A mix of power sales contracts in both Renewable and Non- Renewable energy in the Short Term, Medium term and on the Power Exchanges has given MPL a unique strength in terms of Energy Portfolio diversity. MPL has been a regular supplier of coal to various IPP’s in India. With the mix of Industrial Consumers, Gas Sellers and City Gas Distributors(CGD’s), MPL has developed a strong Gas trading portfolio. MPL is also venturing into acquisition and maintenance of operating assets, thus truly becoming an Integrated Energy Solution Company.

Journey so far


Asset Acquisition & Diversification

1 GW Asset Acquisition in 5 years.

Opportunity to acquire power assets at attractive valuations, Setup first Lithium refinery in India

Planned investment in EV Charging Infrastructure & Power Exchange


Solutions based Organisation

Working on setting up first lithium refinery in India.

1st Interstate Solar Power transaction to Utility in Short Term

1st Private Power Trader to do Cross Border Trade


Power Trading Starts

Launched Smart Energy Meter Data Analysis System Research started on RE SCADA Integration & Analytics

Recognized as CERC Trading Licensee


Marking Presence

Introduction of first Industrial client to Power Exchange

Became fastest growing organization for client introduction on Power Exchange



Started journey through Flagship Company i.e. Manikaran Power Limited on 28th October 2005

We have received

Excellence Awards

From IEX for
Maximum registered clients on IEX
Highest electricity volume member
Highest REC volume member

What They Say

A Powerful Driving Force

IEX has been associated with Manikaran Power Limited since 2009 as we have witnessed their undying commitment towards growth and excellence for deepening and widening of power market by making it accessible to C&I segment. MPL has an excellent team of competent professionals and a very knowledgeable & supportive management team. MPL have also consistently aimed towards providing varied & diversified services leading to GoI vision of ‘Atmanirbhar Bharat’. IEX would like to congratulate MPL and wish all success, in their endeavours not only in power sector but also in Gas sector, after registering as 1st Member of Indian Gas Exchange (IGX).

Rajesh K Mediratta

Director (Strategy)

Indian Energy Exchange (IEX)

We had a great experience working with Team MPL. Our requirements are challenging and MPL has been able to meet our expectations.

Rajesh Kumar Jindal


Bhilangana Hydro Power Limited
(A Venture of Polyplex Group)

Manikaran Power Limited has an excellent team of dedicated professionals with outstanding execution and excellent customer service. Their promptness speed to convert proposals into final contracts is beyond expectation. We’re proud to feature them as one of our recommended traders. Keep up the great work!

Anshul Garg

Head – Power Sales & Trading Energy Business

Adani Power