Indian Energy Exchange zooms on pioneering cross border electricity trade
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Indian Energy Exchange is currently trading at Rs. 352.65, up by 7.70 points or 2.23% from its previous closing of Rs. 344.95 on the BSE.
The scrip opened at Rs. 341.85 and has touched a high and low of Rs. 356.30 and Rs. 332.55 respectively. So far 143918 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 392.45 on 19-Mar-2021 and a 52 week low of Rs. 140.00 on 05-May-2020.
Last one week high and low of the scrip stood at Rs. 356.30 and Rs. 322.85 respectively. The current market cap of the company is Rs. 10499.46 crore.
The Institutions and Non-Institutions holding in the company stood at 66.24% and 33.76% respectively.
Indian Energy Exchange (IEX) has declared commencement of the Cross Border Electricity Trade (CBET) on its platform. This is a first-of-its kind initiative for the Exchanges to expand their power markets beyond India to the South Asia region towards building an integrated South Asian regional power market.
In a remarkable development following the notification of CBET Regulations by CERC in the year 2019 and the recent notification of CBET Rules in March’21 by the Central Electricity Authority (CEA), NVVN has secured approval from the CEA, for Nepal’s participation in the day-ahead market on the Exchange.
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.
