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IEX gets nod for incorporation of WOS company in India

19 Sep 2019 Evaluate

Indian Energy Exchange (IEX) has received approval for incorporation of a wholly owned subsidiary (WOS) company in India to undertake the business of developing a gas exchange for transacting, clearing and settling trades in various types of gas based contracts including all other forms/types of energy, with an initial investment upto Rs 10 crore in the form of subscribed and paid-up capital. The Board of Directors of the company at their meeting held on September 18, 2019, approved the same

IEX is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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