IEX moves up on reporting 29% growth in electricity traded volume during December
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Indian Energy Exchange is currently trading at Rs. 178.30, up by 1.25 points or 0.71% from its previous closing of Rs. 177.05 on the BSE.
The scrip opened at Rs. 178.60 and has touched a high and low of Rs. 179.90 and Rs. 176.10 respectively. So far 112266 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.35 on 24-Sep-2024 and a 52 week low of Rs. 129.15 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 183.90 and Rs. 176.00 respectively. The current market cap of the company is Rs. 15956.84 crore.
The Institutions and Non-Institutions held 47.14% and 52.86% stake respectively in the company.
Indian Energy Exchange (IEX) has achieved highest ever monthly electricity traded volume of 11,132 million units (MU) in December 2024, marking a 29% increase on year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year on year increase.
For the nine months of the fiscal year 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19% year on year increase. For the third quarter of the fiscal year 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16% year on year increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates recording a 31% year on year increase.
According to government data published in December 2024, the country's energy consumption reached 130.40 BUs, increase of nearly 6% compared to the previous year. During the month, the Day Ahead Market segment at IEX recorded a robust around 57% year-on-year increase in supply-side volumes.
The Day-Ahead Market (DAM) achieved 6,674 MU volume in Decemeber 2024 as compared to 4,798 MU volume in December 2023, an increase of 39% YoY. The DAM segment registered total volumes of 16,712 MU during Q3 FY25, an increase of 14% over Q3 FY24.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
