Indian Energy Exchange’s (IEX) board has approved the further investment of Rs 47.62 crore in Indian Gas Exchange, wholly owned subsidiary of the Company, with the purpose of complying with the Net worth and SGF requirements as stipulated in the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020. The Board of Directors in their meeting held on October 20, 2020 has considered and 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.