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IEX falls despite reporting 56% growth in total volume in July

05 Aug 2024 Evaluate

Indian Energy Exchange is currently trading at Rs. 192.35, down by 3.05 points or 1.56% from its previous closing of Rs. 195.40 on the BSE.

The scrip opened at Rs. 192.05 and has touched a high and low of Rs. 197.25 and Rs. 188.75 respectively. So far 2060931 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 197.95 on 02-Aug-2024 and a 52 week low of Rs. 121.30 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 197.95 and Rs. 177.60 respectively. The current market cap of the company is Rs. 17147.25 crore.

The Institutions and Non-Institutions held 42.91% and 57.10% stake in the company respectively.

Indian Energy Exchange (IEX) has achieved the highest ever total volume (including certificates) of 13,250 million units (MU) in July 2024, marking a around 56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% Year-on-Year (YoY). Green electricity volume during the month at 1 BU, grew 259% YoY.

The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs 120 per certificate, the REC market recorded an all-time low price in the trading session held on July 31, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

According to government data published in July 2024, the country's energy consumption reached 145.4 BUs, representing around 4% increase year-on-year. The Day-Ahead Market (DAM) volume increased to 5,056 MU in July’24, from 3976 MU in July’23, registering an increase of 27% YoY.

The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July 2024, from 2540 MU in July'23, registering an increase of 31% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July 2024.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 989.6 MU volume during July 2024 as compared to 275.4 MU in July 2023, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit. 

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
View more..

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