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IEX move up on achieving 8,469 MU total electricity volume in August

05 Sep 2023 Evaluate

Indian Energy Exchange is currently trading at Rs. 138.80, up by 1.75 points or 1.28% from its previous closing of Rs. 137.05 on the BSE.

The scrip opened at Rs. 141.10 and has touched a high and low of Rs. 142.00 and Rs. 138.00 respectively. So far 1062828 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 165.45 on 13-Sep-2022 and a 52 week low of Rs. 116.05 on 09-Jun-2023.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 125.50 respectively. The current market cap of the company is Rs. 12318.74 crore.

The Institutions and Non-Institutions held 38.39% and 61.61% stake in the company respectively.

Indian Energy Exchange (IEX) has achieved 8,469 million units (MU) total electricity volume in August 2023, registering an increase of 21% on Year-on-Year (YoY) basis. IEX attained 8,865 MU overall volume, including green market trade of 242.3 MU, ancillary market trade of 40MU, 2.53 lakh RECs (equivalent to 253 MU) and 1.03 lakh ESCerts (equivalent to 103 MU). The overall volume traded during the month increased to 13.3% on YoY basis.

In August 2023, the country experienced its lowest August rainfall since 1901, resulting in hot weather conditions. This, in turn, led to an unprecedented surge in electricity demand for the month. According to data published by Grid-India, the country's electricity consumption was recorded at 152 billion units (BU) in August 2023, an increase of 16% year-on-year. Notably, on August 31, 2023, the country witnessed an all-time high peak demand of 236 GW along with the highest ever single day energy consumption of 5126 MU. Due to the combination of higher demand and supply constraints, prices on the Indian Energy Exchange during the month reached Rs 6.89/unit, marking a 33% year-on-year increase.

IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates. 

Indian Energy Exch Share Price

135.65 1.35 (1.01%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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