Page 2 - Iex

IEX says it has become India's first carbon-neutral power exchange

IEX says it is committed to contributing towards fulfilling India's net zero emissions target by creating an ecosystem for the reduction of emissions

Sensex ends at record closing, rises 211 pts; Nifty holds 18,550; RIL up 3%

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,701, and the Nifty 50 registered a fresh summit at 18,614 on Monday

IEX falls 2% as board approves Rs 98 crore share buyback via open market

The board approved buyback of equity shares of the company at a price not exceeding Rs 200 per share and not exceeding Rs 98 crore through the open market

IEX's total trade volume dips 13% to 7,972 million units in October

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

IEX slips 5%, hits 52-week low on disappointing September quarter results

The company said the volumes were impacted due to supply side constraints, led by high prices of e- auction coal, imported coal and gas

IEX trade volume dips over 11% to 23.1 billion units from July to September

The total trade volume of Indian Energy Exchange (IEX) dipped over 11 per cent to 23.1 billion units in the July-September quarter, compared to the year-ago period, due to supply-side constraints. The total trade volume of IEX was 26 billion units (BU) in July-September 2021, a company statement showed. It said, "during the quarter, the Exchange traded 23.1 BU electricity volume versus 23.4 BU in Q1 FY'23. The volume comprised 19.7 BU in the conventional power market, 1.5 BU in the Green Market segment and 19.14 lakh Certificates in the Renewable Energy Certificates (REC) Market which is equivalent to 1.9 BU." During the quarter, the volumes declined by 11 per cent YoY (year-on-year), as compared to Q2FY'22, it stated. However, it said that during H1FY23 (April-September 2022) the volumes declined marginally by 2 per cent YoY. The volumes were impacted due to supply-side constraints, led by high prices of e-auction coal, imported coal and gas. The average Day Ahead Market prices

IEX net rises 11% to Rs 69 cr in June quarter on back of higher revenues

Indian Energy Exchange (IEX) on Monday posted over 11 per cent rise in its consolidated net profit to Rs 69.12 crore in the June quarter compared to the year-ago period on the back of higher revenues. The consolidated net profit of the company was Rs 62.10 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of the company increased to Rs 113.39 crore in the quarter from Rs 102.87 crore in the same period a year ago. The board of directors of the company has recommended a final dividend of Re 1 per equity share having face value of Re 1 each for the financial year ended March 31, 2022, the filing said. The company has fixed August 12, 2022 as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend for 2021-22.

Hindustan Power Exchange backed by BSE, PTC to commence operations

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country

Indian Energy Exchange's trade volume jumps 38% in FY22

Indian Energy Exchange (IEX) clocked a 38 per cent growth in trade volume at 1,02,035 million units in financial year 2021-22

Power trade volume rises 37% to 27.6 BU at IEX in December quarter

Power trade volume at Indian Energy Exchange (IEX) rose 37 per cent year-on-year to 27.6 billion units (BU) in the December quarter, mainly due to higher electricity consumption. "During the quarter (October-December), volumes on the Exchange grew by 37 per cent YoY (year-on-year) with 27.6 BU volumes traded versus 20.1 BU in Q3 FY21. The growth in volumes was driven by a substantial increase in electricity consumption as well as the resurgence of trading in RECs and ESCERTs," an IEX statement said. According to the statement, the real-time market continues to be one of the fastest-growing electricity market segments on the exchange, achieving a growth of 70 per cent y-o-y, with 4.8 BU of volumes traded during the quarter. The green market, including the day ahead and term ahead market, cumulatively traded 1.2 BU during the quarter and contributed 5 per cent to overall electricity volumes. On the REC (renewable energy certificate) front, a total of 38.28 lakh certificates and 2.86

IEX Q3 net profit rises 39% to Rs 80 crore on higher revenues

Indian Energy Exchange posted nearly 39 per cent rise in consolidated net profit to Rs 80.73 crore in the December quarter mainly on the back of higher revenues.

Indian Energy Exchange trade volume rises 24% to 9,035 mn units in December

Indian Energy Exchange (IEX) has registered a 24 per cent growth in trade volume to 9,035 million units (MU) in December across all market segments.

IEX power trade volume grows nearly 54% to 9,477 MU in November

IEX commenced trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve and Trade Cycle-II on October 26, 2021

IEX seeks shareholders nod to issue bonus shares via postal ballot notice

Indian Energy Exchange (IEX) will seek shareholders' approval to issue bonus shares through postal ballot notice

IEX clocks 58 pc growth in electricity trade volume at 25.9 BU in Q2

The Indian Energy Exchange (IEX) has recorded a 58 per cent growth on a year-on-year basis

IEX Q2 net profit up 75% to Rs 77 crore; announces bonus issue

The Indian Energy Exchange (IEX) on Thursday posted a nearly 75 per cent jump in consolidated net profit at Rs 77.38 crore for the September quarter, mainly on the back of higher revenues

Indian Energy Exchange soars 20%, hits new high on bonus issue buzz

The board of directors of the company at their meeting scheduled on October 21, 2021, would consider the proposal for declaration of bonus issue of equity shares

IEX stock delivers high voltage returns as power trading surges

But with a trailing PE of 90 the stock is now a momentum trade

New F&O entrants in focus; IndiaMart, IEX, Can Fin surge up to 9%

HAL hit a record high of Rs 1,457, up 5.5% on the NSE in intra-day trade today, rising 37% in eight trading days

Vedanta Aluminium purchases 354 million units of renewable energy from IEX

Bulk of procurement is from Green Term-Ahead Market, which was introduced last year by IEX and supports buyers in procuring green energy in a competitive and flexible manner