Page 3 - Iex

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

MCX, IEX: Two stocks that Anand Rathi's Osho Krishan is bullish on

IEX is in a secular uptrend and is highly poised to test the uncharted territory

Average spot power price up 10% to Rs 2.83 per unit in May at IEX

The average spot power price in DAM at IEX was Rs 3.34 per unit in May, 2019.

Indian Energy Exchange gains 5% on strong business update for April

The day-ahead market traded 5,699 MU volume in April 2021, achieving a significant 54 per cent YoY growth

IEX offloads 26% stake in Indian Gas Exchange to NSE, 5% to ONGC

IGX has a robust ecosystem of more than 6,500 market participants which include all distribution utilities in the country, major power generators as well as over 4,500 open access consumers

Stocks to watch: RIL, YES Bank, Vedanta, HDFC Bank, SBI Card, Biocon

SBI Cards and Payment Services reported nearly 52 per cent dip in its net profit to Rs 210 crore in the third quarter ended December 2020

IEX records 13.2% growth in electricity sales in September quarter

Paddy procurement is up 26 per cent so far this year, from 8.488 million tonnes in the correspo­nding period of KMS 2019-20.

Average spot power price dips nearly 3% to Rs 2.69 per unit in September

The average spot power price fell by 3 per cent to Rs 2.69 per unit in September as compared to the year-ago period on the Indian Energy Exchange (IEX) mainly due to ample supply