Indian Energy Exchange (IEX) has incorporated a wholly owned subsidiary company named ‘Indian Gas Exchange, which is registered with the Registrar of Companies Delhi on November 6, 2019. The new Company belongs to the industry of Business Services in the Division of Other Business Activities.
The new Company is incorporated to develop an energy trading platform including gas exchange in India and to establish, operate, regulate, maintain and manage facilities in the whole of India and outside India enabling the Members of the Exchange, their authorized agents and constituents and other participants to transact, clear and settle trades done on the Exchange in various types of gas based contracts.
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.
