Discoms selling green power at lower than cost price on exchanges; growing crisis threatens green energy trajectory

On the country’s largest exchange, Indian Energy Exchange, prices during peak solar time have recently crashed to as low as 0.50 per unit, while long-term contracts typically lock into paying between 2and Rs.3.50 per unit. The surplus power reveals a bottleneck. India’s rapid expansion of green energy is outpacing its ability to store or manage…

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IEX share price cracks 7% amid IGX gas futures clarification, deferment of market coupling norms hearing

Indian Energy Exchange (IEX) share price crashed by nearly 7% to 139.80 apiece in Friday’s trading session after the exchange sought clarification regarding the launch of gas futures, and amid the hearing by the Electricity Appellate Tribunal (APTEL) on market coupling norms. IEX shares opened higher on January 9 and climbed to an intraday peak…

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indian gas exchange ipo – market

There is big news about Indian Gas Exchange, a company associated with Indian Energy Exchange (IEX). Indian Gas Exchange (IGX) is preparing to launch its IPO. The company’s IPO may be listed in the market by December. According to Reuters sources, Indian Energy Exchange can reduce its 22 percent stake in the company through IGX’s…

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Stocks to watch: HDFC Bank, Trent, Torrent Pharma among 10 shares in focus today; full list inside

stock market today: Indian benchmarks Sensex and Nifty are expected to open mixed to mildly positive on Tuesday, January 6, tracking gains across Asian markets. Gift Nifty trends pointed to a positive opening for the domestic indices, with Gift Nifty trading at 26,392—up 76 points, or 0.28%, from the previous close of Nifty futures. “Domestic…

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