Indian Energy Exchange trades in green on achieving 7596 MU of electricity volume in May
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian Energy Exchange is currently trading at Rs. 178.25, up by 2.95 points or 1.68% from its previous closing of Rs. 175.30 on the BSE.
The scrip opened at Rs. 176.35 and has touched a high and low of Rs. 181.00 and Rs. 175.05 respectively. So far 656827 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.72 on 19-Oct-2021 and a 52 week low of Rs. 118.37 on 07-Jun-2021.
Last one week high and low of the scrip stood at Rs. 195.85 and Rs. 172.25 respectively. The current market cap of the company is Rs. 15987.33 crore.
The promoters holding in the company stood at 46.55% and Non-Institutions held 53.44%.
Indian Energy Exchange (IEX) has achieved 7596 MU of electricity volume in May 2022 comprising 6680 MU in the conventional power market, 642 MU in the green power market, and 275 MU (2.75 lac Certificates) in the REC Market, registering 16% YoY growth across all the market segments.
Owing to the various timely measures undertaken by the Government to address the supply side constraints, and increased renewable (44% YoY increase) and hydropower generation (8% YoY increase), the day-ahead power market at IEX saw significant correction in the prices which reduced from Rs 10.06 per unit in April 2022 to Rs 6.76 per unit in May 2022.
IEX is India’s first and no 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.
