Indian Energy Exchange Iex

Indian Energy Exchange's trade volume falls 7% to 8,452 mn units in Dec

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

IEX gets shareholders' nod to buy back shares worth up to Rs 98 crore

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.

TMS Ep332: Indian economy, Delhi Metro, IPO outlook, carbon-neutral IEX

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

How IEX became a carbon-neutral energy trading platform

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?

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.

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 net profit falls 7% to Rs 71.20 crore in July-September quarter

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.

IEX total trade volume dips annually by 18% to 7,805 mn units in August

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

IEX power trade volume up 10% to 23 bn units in Q1 as consumption rises

The trade volume in the quarter comprised 20.64 bn units in the conventional power market, 1.52 BU in the green market segment and 11.97 lakh certificates in REC market, which is equivalent to 1.2 BU

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.

Indian Energy Exchange power trade volume grows 17% to 8,267 MU in June

Indian Energy Exchange has registered a 17 per cent year-on-year growth in trade volume to 8,267 million units (MU) in June. Power trade volume stood at 7,093 MU Indian Energy Exchange (IEX) in the year-ago period. "The Indian Energy Exchange achieved 8,267 MU volume on June 22, comprising 7,058 MU in the conventional power market, 536 MU in the green power market, and 673 MU (6.73 lakh certificates) in the REC (renewable energy certificate) market, registering 17 per cent y-o-y (year-on-year) volume growth across all market segments," an IEX statement said. Owing to improved supply-side availability, the prices at the day ahead market reduced to Rs 6.49 per unit in June 2022 from Rs 6.76 in May 2022, it added. For the first quarter of fiscal 2023, IEX achieved 23,437 MU volume across all segments, witnessing a 10 per cent year-on-year growth across all its market segments, according to the statement. The Day-ahead Market volume at 4,085 MU saw a de-growth of 5 per cent year-on-ye

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

BSE, CDSL, MCX: Exchange-related shares poised for 14% upside, charts show

BSE stock is decisively claiming new all-time high; CDSL broke out of Double-Bottom formation, while IEX has witnessed an Inverse head and shoulder breakout.

IEX power trade volume rises 16% to 8,652 million units in January

Overall, the Exchange achieved 16 per cent YoY (year-on-year) volume growth in across all its market segments during the month (January),' an IEX statement said

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.

Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%

The company has fixed Monday, December 06, 2021 as the "record date", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the Company.

Stocks to Watch: IndiGo, Biocon, Pfizer, IEX, TFCI, SAIL, BHEL, Nalco

Indian Energy Exchange and Apollo Pipes have announced their respective record dates for the issuance of bonus shares for eligible shareholders

Indian Energy Exchange soars 10% on strong Q2 show, 2:1 bonus issue

In Q2Fy22, IEX posted a near 75 per cent jump in consolidated net profit at Rs 77.38 crore, mainly on the back of higher revenues.

Stocks to Watch: RIL, ICICI Bank, PSBs, Tata Consumer, IEX, Yes Bank, Zee

State-run PSU banks are likely to be in focus today as government plans to shore up capital requirement in Q2; Focus will also be on other corporate results

Stocks to Watch: HUL, ACC, Airtel, L&T Infotech, SBI, RIL, Adani Ports, IEX

L&T Infotech and UltraTech Cement are likely to react to Q2 numbers this morning, while focus shall also be on Hindustan Unilever, ACC and other stocks ahead of September quarter results