Exhibit 21

Argan, Inc. and Subsidiaries

List of Companies

January 31, 2018

	Place of
	Incorporation/	%
Company Name	Organization	Ownership
Argan, Inc. (“AGX”)	Delaware	Parent
100%-Owned Subsidiaries of AGX
Gemma Power Systems, LLC (“GPS”)	Connecticut	100%
Gemma Power Hartford, LLC	Connecticut	100%
Gemma Power, Inc.	Connecticut	100%
Gemma Power Systems California, Inc.	California	100%
Southern Maryland Cable, Inc.	Delaware	100%
AGX International Limited (“AGXI”)	Ireland	100%
Atlantic Projects Company, Inc.	New York	100%
TRC Acquisition, LLC (“TRC”)	Delaware	100%
100%-Owned Subsidiary of AGXI
Atlantic Projects Company Limited (“APCL”)	Ireland	100%
100%-Owed Subsidiaries of GPS
Gemma Renewable Power, LLC	Delaware	100%
Gemma Plant Operations, LLC	Delaware	100%
100%-Owned Subsidiary of TRC
The Roberts Company, Inc.	Delaware	100%
100%-Owned Subsidiaries of APCL
Atlantic Projects Company (UK) Limited	United Kingdom	100%
Atlantic Projects Company, PTE	Singapore	100%
Atlantic Power Contractors Limited	Hong Kong	100%
Consolidated Joint Ventures (GPS)
Gemma-Lane Liberty Partners	(1)	75%
Gemma-Lane Patriot Partners	(1)	75%

NOTE (1) The Joint Venture Agreement shall be construed and governed by the laws of the state of Connecticut.