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Indian Energy Exchange IEX
Indian Energy Exchange (IEX) on Thursday posted over 25 per cent rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 compared to the year-ago period mainly due to higher revenues. The company had reported a consolidated net profit of Rs 86.46 crore in the quarter ended on September 30, 2023, a regulatory filing showed. Total income rose to Rs 167.76 crore in the quarter in the quarter under review, from Rs 132.97 crore in the same period a year ago.
Antique Broking believes that coupling risk from the uniform market clearing price mechanism could be fading given the practical difficulties in its implementation
In July 2024, the Indian Energy Exchange (IEX) set a new record with the highest total trading volume, including certificates, reaching 13,250 MU. The figure marks an approximately 56% increase Y-o-Y.
Indian Energy Exchange (IEX) board on Friday approved the proposal to reappoint Satyanarayan Goel as its Chairman and Managing Director and to appoint Rohit Bajaj as its Joint Managing Director. The board noted that Goel will attain the age of 70 years on August 10, 2024, and consequently, as per Companies Act, 2013, his term as Managing Director will end from the closure of the business hours on August 9, 2024, a BSE filing said. The board acknowledged Goel's extensive knowledge and over 40 years of experience in the power sector, it said, adding that as part of succession planning, the board unanimously agreed to reappoint Goel as the Chairman & Managing Director for three years from August 10. The board decided to elevate Rohit Bajaj, currently serving as Executive Director (non-board) -- Business Development, Strategy, Regulatory Affairs, and IT, as the Joint Managing Director for three years from August 10, it stated. The board also approved appointment of Rajeev Gupta as the
The rise in the share price came after IEX announced a strong Q1 power market update
F&O stock outlook: Technical charts suggest that OFSS and Indian Energy Exchange can rally up to 19 per cent; here are the key support and resistance levels.
The electricity volumes at 9,568 MU, increased 21 per cent Y-o-Y and the renewable energy certificates (REC) at 1,055 MU, increased 640.3 per cent Y-o-Y, Indian Energy Exchange said
The Indian Energy Exchange (IEX) has posted a 9.5 per cent rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter on account of higher income. It had clocked Rs 88.34 crore profit after tax (PAT) during the fourth quarter of the last fiscal, the company said in an exchange filing on Wednesday. The company's total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23. During the period under review, its expenses stood at Rs 22.65 crore, as against Rs 19.52 crore a year ago. In FY24, the consolidated PAT rose 14.7 per cent to Rs 350.78 crore, from Rs 305.88 crore in FY23. Income for the full year was at Rs 550.84 crore, up from Rs 474.10 crore. The Board of Directors of the company announced a final dividend of Rs 1.50 for FY24. Sharing business updates, IEX said 110.1 billion units of electricity traded on its platform during the fiscal year 2023-24, registering a year-on-year (y-o-y) increase of 13.7 per cent. The DAM (day-ahead ma
The Indian Energy Exchange on Thursday posted a nearly 19 per cent rise in consolidated net profit at Rs 91.80 crore in the December quarter, compared to the year-ago period mainly on the back of higher revenues. Its consolidated net profit was Rs 77.21 crore in the quarter ended December 31, 2022, according to a regulatory filing. The total income rose to Rs 141.21 crore in the quarter, from Rs 117.34 crore in the same period a year ago. Board of Directors in its meeting held on Thursday have declared an interim dividend of Rs one per share (on equity share of par value of Re 1 each) for FY 2023-24.
The Indian Energy Exchange (IEX) on Monday posted 17.5 per cent growth in its overall trade volume to 9,136 million units (MU) in November 2023 as compared to the year-ago period. The exchange had recorded total trade volume of 7,764 MU in November 2022, as per IEX data. "IEX achieved 9,136 MU overall volume, including 7.55 lakh Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5 per cent increase on YoY (year-on-year) basis," an IEX statement said. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13 per cent on YoY basis. Market clearing price in Day Ahead Market (DAM) during November 2023 was Rs 3.98 per unit, down 13 per cent year-on-year, due to various factors including lower demand owing to festive season, temperature drop and improved sell side liquidity on the exchange, it stated. Price on the exchange has been experiencing a downward trend and the average monthly price is at its lowest level this financia
The Indian Energy Exchange's (IEX) total trade volume rose 19 per cent year-on-year to 8,522 million units (MU) in July. The power exchange had achieved 7,151 MU trade volume in July 2022. "IEX achieved 8,522 MU overall volume in July 2023, including green market trade of 275 MU, 6.24 Lakh RECs (equivalent to 624 MU) and 70,222 ESCerts (equivalent to 70 MU)," an IEX statement said The supply scenario continued to ease during the month due to robust coal production, reduction in prices of e-auction coal and imported fuel. In the coming months, higher liquidity is expected to result in more competitive prices on the exchanges, giving further optimisation opportunities to discoms and Open Access consumers. The Day-Ahead Market (DAM) volume increased to 3,976 MU in July 2023, from 3,547 MU in July 2022, growing 12 per cent YoY on IEX. The average market clearing price was Rs 4.55 per unit during the month, lower by 16 per cent over the corresponding month last year. The Real-Time ...
According to media reports the Power Ministry has directed the Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner.
The Indian Energy Exchange's total trade volume in December 2022 dipped 7 per cent to 8,452 million units as compared to the year-ago period mainly due to higher average spot price of electricity and lower trading of renewable energy certificates. "The overall volume on the exchange in December 2022 increased 9 per cent on a MoM basis. However, it declined by 7 per cent on YoY basis due to high REC (renewable energy certificates) traded volumes of 13.85 lakh in (December 2021) the previous year," an IEX statement said. The IEX total trade volume in December 2021 was 9,035 million units (MU). The IEX achieved 8,452 MU total volume in December 2022, including green power trade of 377 MU, and 4.87 lakh RECs (equivalent to 487 MU), it stated. The total electricity volume on the exchange last month was 7,964 MU, a rise of 8 per cent as compared to November 2022 and 4 per cent as compared to the year-ago period, it stated. For the third quarter (October-December 2022) of the ongoing fi
Indian Energy Exchange (IEX) has got shareholders' approval through postal ballot to buy back shares worth up to Rs 98 crore. The proposal to buy back shares worth up to Rs 98 crore approved by requisite majority through postal ballot, showed a BSE filing. The board of directors in its meeting on November 25 had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore. The IEX had listed a special resolution -- approval for the buyback of equity shares in the postal ballot notice. The indicative maximum number of equity shares at the buyback price would be 49,00,000. The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained.
What does 2022 tell about Indian economy in 2023? How Delhi Metro transformed the city's landscape? Will IPO investors remain steadfast in 2023? How IEX became a carbon-neutral platform? Answers here
Energy trading platform Indian Energy Exchange recently announced that it was the first carbon-neutral power exchange in the country. It used market-based tradable instruments. What does that mean?
The technical analyst from Anand Rathi expects Kothari Sugars to rally to Rs 46.50, while Indian Energy Exchange can surge to Rs 160.
The total trade volume of Indian Energy Exchange dipped 13 per cent to 7,972 million units (MU) in October compared to a year ago. The Indian Energy Exchange (IEX) achieved 7,972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU), an IEX statement said. "The total volume on the Exchange in October'22 was lower by 13 per cent on YoY (year-on-year) basis due to high volume base of last year, and lower by 2 per cent on MoM (month-on-month) basis due to reduced REC (Renewable Energy Certificate) trading," it stated. Improved supply of domestic coal led to easing of supply side constraints, resulting in decline of prices on the IEX, it explained. The average clearing price in the Day-ahead market was Rs 3.83 in October, which was lower by 32 per cent on MoM (month-on-month) basis and 52 per cent on YoY (year-on-year) basis. Going forward, further correction in prices due to improvement in coal availability and reduction in demand
Indian Energy Exchange (IEX) on Thursday reported nearly 7 per cent fall in its consolidated net profit at Rs 71.20 crore in September quarter compared to a year ago. The consolidated net profit was Rs 77.38 crore in the quarter ended on September 30, 2021, a BSE filing stated. Total income declined to Rs 113.77 crore in the quarter from Rs 122.30 crore in the same period a year ago.
The total trade volume of Indian Energy Exchange (IEX) registered an 18 per cent annual decline in August to 7,805 MU (million units). The total trade volume in August 2021 was at 9,538 MU, an IEX statement said. However, on a month-on-month basis, IEX registered a 9 per cent growth in August. In July 2021, the total power trade volume was 7,151 MU. The total trade volume of 7,805 MU in August, 2022, comprised 6,517 MU in the conventional power market, 437 MU in the Green Power Market, and 851 MU (8.51 lakh Certificates) in the REC Market, according to the statement. The average clearing price in the Day-Ahead market increased 2 per cent YoY (year-on-year), from Rs 5.06 per unit in August'21 to Rs 5.17 in August '22. The supply-side constraints continued due to high prices of imported coal, fuel shortage and increased e-auction prices, it said. The Day-Ahead Market volume at 3,529 MU, registered a flat growth on a month-on-month basis. Although imported coal prices remained high