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Adani Total Gas, Torrent Gas become first strategic investors in IEX’s arm

22 Jan 2021 Evaluate

Indian Energy Exchange (IEX) has declared the first strategic divestment of shares in the Indian Gas Exchange (IGX), its wholly owned subsidiary and India’s first authorized gas exchange. Adani Total Gas, and Torrent Gas, India’s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5% equity stake each in the IGX.

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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