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IEX enters into strategic partnership with NSE, ONGC

10 Mar 2021 Evaluate

Indian Energy Exchange (IEX) has declared strategic divestment of 26% of its equity holding in the Indian Gas Exchange (IGX) to National Stock Exchange of India (NSE) through its wholly owned subsidiary NSE Investments and additional 5% equity holding to Oil and Natural Gas Corporation - a Maharatna Central Public Sector Undertaking.

IGX has the distinction and pride of being India’s first gas exchange after it secured authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) on December 02, 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.

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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