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IEX’s arm secures permission to operate as Gas Exchange for 25 years

03 Dec 2020 Evaluate

Indian Energy Exchange’s (IEX) wholly owned subsidiary -- Indian Gas Exchange (IGX) has secured the necessary authorization to operate as a Gas Exchange as per the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020 for a period of 25 years. The company had submitted its application for authorization on October 08, 2020 in accordance with the prescription under the GER 2020 regulations of Petroleum and Natural Gas Regulatory Board (PNGRB).

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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