Indian Energy Exchange Ltd News
Indian Energy Exchange to launch High Price Day Ahead Market segment
Indian Energy Exchange has planned to launch the High Price Day Ahead Market segment by mid March, which will facilitate electricity generating firms to sell power at a price as high as Rs 50 per unit. Earlier this month, the Central Electricity Regulatory Commission (CERC) allowed three categories of power generators to participate in the HP-DAM market -- gas-based generating stations using imported RLNG and naphtha, thermal plants using only imported coal, and Battery Energy Storage System (BESS) -- on the petition of IEX (Indian Energy Exchange). "IEX has received approval from CERC to launch the High Price Day Ahead Market (HP-DAM) in the integrated day ahead market (I-DAM) segment. We expect to launch the segment by the mid of March 2023," Rohit Bajaj, Head-Business Development, Regulatory Affairs and Strategy, IEX, told PTI. The relaxation in norms by the CERC will provide relief to three categories of power generating companies (gencos) -- those running their plants on ...
 "Indian Energy Exchange to launch High Price Day Ahead Market segment")
Power stocks surge as govt orders coal-based plants to run at full capacity
The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer
 "Power stocks surge as govt orders coal-based plants to run at full capacity")
Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX
The technical analyst from Anand Rathi expects Kothari Sugars to rally to Rs 46.50, while Indian Energy Exchange can surge to Rs 160.
 "Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX")
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 falls 2% as board approves Rs 98 crore share buyback via open market")
Here's why Mehul Kothari expects a turnaround in Birla Corp, IEX
According to the technical analyst from Anand Rathi, IEX can be bought for a target of Rs 156, while Birla Corp can rally to Rs 1,020.
 "Here's why Mehul Kothari expects a turnaround in Birla Corp, IEX")
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 slips 5%, hits 52-week low on disappointing September quarter results")
