🔥 NTPC Ltd ranks #1 because its tracked power plants burn fossil fuels at scale.
NTPC Ltd, based in India, generates electricity and heat, largely by burning fossil fuels. Climate TRACE attributes 24 high-emitting assets to it. Its largest tracked activities are electricity generation.
See the proof
Power plants & sites behind it24 attributed assets · ownership split equally across listed owners
| Asset | Sector | Ownership | Attributed | Conf. |
|---|---|---|---|---|
| Vindhyachal power station | Power | 34.4 Mt | high | |
| Rihand power station | Power | 21.7 Mt | very low | |
| Sipat power station | Power | 21.6 Mt | high | |
| Talcher Kaniha Super Thermal Power Station | Power | 20.4 Mt | high | |
| Korba Super Thermal Power Station (NTPC) | Power | 18.9 Mt | high | |
| Ramagundam power station | Power | 18.2 Mt | high | |
| Kahalgaon Super Thermal Power Plant | Power | 15.7 Mt | high | |
| Barh I power station | Power | 15 Mt | medium | |
| Singrauli Super Thermal Power Station | Power | 14.7 Mt | high | |
| Mauda power station | Power | 13.5 Mt | high | |
| Farakka power station | Power | 13 Mt | high | |
| Nabinagar Super Thermal Power Project | Power | 12.9 Mt | high |
Who profits
Hand-curated shareholder, revenue and investor context from primary public sources. This data is shown alongside — but is not used to compute — the Climate Damage Score.
About this data. Institutional investors like BlackRock, Vanguard and State Street typically hold shares on behalf of clients — appearing in shareholder records does not mean they control or direct the company. State entities and individuals with majority stakes are different and labelled accordingly.
Emissions intensity
Above the curated-sample median (2.02 Mt/$bn) — more emissions per dollar of revenue than the typical large emitter we have data for.
Top shareholders & investors
- Government of India (President of India)51.1%state
- Domestic mutual funds and LIC (combined)30%institutional
- Foreign institutional investors (combined)12%institutional
Source: primary public filings via Wikipedia. Stakes can change; see filings for the latest.
India's largest power producer. Government holds majority stake; remainder publicly traded on NSE/BSE.
How it's allowed
Signals below are derived from emissions data and ownership coverage only — not from any legal or regulatory finding.
Climate Villains makes no claim that any entity has broken any law. These are data-derived signals, not allegations.
Trend
Attributed emissions are rising by about +3% per year. Attributed emissions, 2022–2024.
It ranks #1 mainly because its attributed assets emitted about 327 Mt CO₂e in 2024 (≈ 71.1M cars/yr).
The Climate Damage Score is driven by that absolute size on a log scale, with a +0.3-point worsening adjustment.
Score breakdown
See the full methodology for how the score is built, or data & coverage for how complete the underlying numbers are.
What we know · what we don't
What we know
- Attributed emissions: 327 Mt CO₂e in 2024 (≈ 71.1M cars/yr).
- Primary sector: Power; primary country: India.
- Evidence: 24 assets; ~98% ownership-attribution coverage.
- Source: Climate TRACE (CC BY 4.0).
What we don’t
- Exact ownership percentages — Climate TRACE lists owners but not stakes, so shared assets are split equally.
- Indirect (supply-chain / financed / product-use) emissions are not included.
- No PR claims, lobbying records, litigation history or policy-compliance data are included.