Indian Energy Exchange (IEX) has received an approval for the further investment of Rs 6.25 crore in Indian Gas Exchange (IGX), wholly owned subsidiary of the Company, by way of subscription to equity shares through Rights Issue. The Board of Directors in their meeting held on October 05, 2020, has considered and approved the same.
The object of the said investment is to increase the Paid-up Share capital of the IGX in order to maintain the Networth requirements of the IGX pursuant to Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020 issued by PNGRB on September 25, 2020.
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.
| Company Name | CMP |
|---|---|
| NTPC | 398.65 |
| Tata Power | 435.05 |
| Adani Power | 202.05 |
| Power Grid Corp | 320.65 |
| Torrent Power | 1617.00 |
| View more.. | |
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