IEX Mar qtr power sales volume up 40 pc at 13,835 MU, Q4 net rises 20 pc to Rs 45.61 cr

Power sales volume jumped nearly 40 per cent at Indian Energy Exchange (IEX) to 13,835 million units (MU) in the January-March period, following which its March quarter consolidated net profit witnessed a significant rise.

The IEX had recorded electricity sales volume of 9,908 MU in the quarter ended March 31, 2019, IEX said in a statement on Friday.

For the 2019-20 financial year, IEX recorded power sales volume of 53,862 MU, up from 52,189 MU in 2018-19.

Elaborating further the company said "TAM (term ahead market) volumes increased 89 per cent year-on-year. The southern distribution utilities continued their preference for TAM contracts. On the price front, the day ahead market saw an overall decline in prices by 14 per cent during Q4 FY'20."