updated
28 results Total investment of current selection: $ 3,843 M
| # | Name | Name | Name | Type | Country of HQ | Country of HQ | Country of HQ | Sectors | subsidiaries | Shares $M | Bonds $M | Total $M | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Reliance Industries Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 756 M | $ <1 M | $ 756 M | |||||
| 2 | Adani Group | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Adani Australia Pty Ltd, Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, North Queensland Export Terminal Pty Ltd, PT Adani Global, Bravus Mining and Resources, Pench Thermal Energy (MP) Ltd, Adani Power Dahej Ltd, Adani Power (Jharkhand) Ltd, Karaikal Port Pvt Ltd, Adani Krishnapatnam Port Ltd, Mahan Energen Ltd, Bowen Rail Co Pty Ltd, Stratatech Mineral Resources Pvt Ltd, Adani Electricity Mumbai Ltd, NQXT Capital Pty Ltd, Adani Rugby Run Finance Pty Ltd, Mahanadi Mines and Minerals Pvt Ltd, CG Natural Resources Pvt Ltd, MP Natural Resources Pvt Ltd, Anuppur Thermal Energy (MP) Pvt Ltd, Katni Thermal Energy (MP) Ltd, Mirzapur Thermal Energy (UP) Pvt Ltd, Adani Infra (India) Ltd, Kalinga Alumina Ltd, Ambuja Cements Ltd | $ 510 M | $ <1 M | $ 510 M | ||||
| 3 | UltraTech Cement Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 481 M | $ 481 M | ||||||
| 4 | Jindal Steel & Power Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Jindal Steel & Power (Mauritius) Ltd, Jindal Mining SA (Pty) Ltd, JSPL Mozambique Minerals Lda | $ 361 M | $ 361 M | |||||
| 5 | GAIL (India) Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 225 M | $ 225 M | ||||||
| 6 | Bharat Petroleum Corporation Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Bharat PetroResources Ltd (BPRL) | $ 204 M | $ 204 M | |||||
| 7 | NTPC Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Jhabua Power Ltd, Patratu Vidyut Utpadan Nigam Ltd, Bhartiya Rail Bijlee Co Ltd, Kanti Bijlee Utpadan Nigam Ltd, Nabinagar Power Generating Co Ltd, THDC India Ltd, NTPC Mining Ltd | $ 182 M | $ 1 M | $ 183 M | ||||
| 8 | Hindalco Industries Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 147 M | $ 147 M | ||||||
| 9 | Coal India Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Bharat Coking Coal Ltd, Central Coalfields Ltd, Eastern Coalfields Ltd, Mahanadi Basin Power Ltd, Mahanadi Coalfields Ltd, Northern Coalfields Ltd, South Eastern Coalfields Ltd, Western Coalfields Ltd, Mahanadi Coal Railway Ltd, Jharkhand Central Railway Ltd, Chhattisgarh East Railway Ltd, Chhattisgarh East-West Railway Ltd | $ 111 M | $ 111 M | |||||
| 10 | Gujarat State Petronet Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | GSPL India Gasnet Ltd, GSPL India Transco Ltd (GITL) | $ 104 M | $ 104 M | |||||
| 11 | Indian Oil Corporation Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 102 M | $ <1 M | $ 102 M | |||||
| 12 | Oil India Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Oil India International Pte Ltd, Numaligarh Refinery Ltd | $ 84 M | $ <1 M | $ 85 M | ||||
| 13 | Petronet LNG Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 82 M | $ 82 M | ||||||
| 14 | Hindustan Petroleum Corporation Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | HPCL LNG Ltd | $ 74 M | $ 74 M | |||||
| 15 | Oil and Natural Gas Corporation Ltd (ONGC) | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 72 M | $ 72 M | ||||||
| 16 | JSW Steel Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | JSW Utkal Steel Ltd | $ 52 M | $ 52 M | |||||
| 17 | Shree Cement Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 52 M | $ 52 M | ||||||
| 18 | Tata Power Co Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Bhira Investments Pte Ltd, Khopoli Investments Ltd, Maithon Power Ltd, Industrial Energy Ltd | $ 46 M | $ 46 M | |||||
| 19 | Vedanta Resources Ltd | Kotak Mahindra Bank | investment | India | United Kingdom | South Asia | Europe (non EU) | Vedanta Finance (Jersey) Ltd, Vedanta Resources Jersey II Ltd, Vedanta Resources Jersey Ltd, Athena Chhattisgarh Power Ltd, Vedanta Finance UK Ltd, Vedanta Ltd, Vedanta Resources Finance Ltd, Talwandi Sabo Power Ltd, Vizag General Cargo Berth Pvt Ltd, Facor Power Ltd | $ 40 M | $ 40 M | |||||
| 20 | NLC India Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | NLC Tamil Nadu Power Ltd, Neyveli Uttar Pradesh Power Ltd | $ 40 M | $ 40 M | |||||
| 21 | Steel Authority of India Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 28 M | $ <1 M | $ 28 M | |||||
| 22 | Bharat Heavy Electricals Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 26 M | $ 26 M | ||||||
| 23 | NMDC Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 24 M | $ 24 M | ||||||
| 24 | Dalmia Bharat Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | Dalmia Cement Bharat Ltd | $ 20 M | $ 20 M | |||||
| 25 | National Aluminium Co Ltd | Kotak Mahindra Bank | investment | India | India | South Asia | South Asia | $ 16 M | $ 16 M |
Remarks
Financial data is drawn from the commercial database Refinitiv (now known as LSEG Data & Analytics). For a selection of pension and sovereign wealth funds, data was collected from the fund disclosures and SEC filings in individual cases. The data was retrieved in May 2024, but filings can be older than that and might have changed since. This might especially be the case if an investor introduced a fossil fuel policy in the meantime. We acknowledge that shares and bonds of some Russian companies can't be traded on all markets anymore and were written off some investors’ portfolios.
This report is meant for information purposes only and not as a source of any specific investment recommendation. Nothing herein shall constitute or be construed as a recommendation, endorsement, or sponsorship of any company or fund. You should determine on your own whether you agree with the content of this information and data provided.
For more information read our detailed Methodology!