Is IEX a government company?

Indian Energy Exchange Limited was incorporated as a public limited company on March 26 2007 in Maharashtra. The Company obtained a certificate of commencement of business on April 17 2007. In 2009 trading on its exchange commenced in day-ahead-market (DAM).

Who is owner of IEX?

Chairman and Managing Director Mr. Satyanarayan Goel is the Chairman and Managing Director of the Company with effect from February 19, 2021. He was appointed as the MD & CEO of the Company from January 21, 2014 till 20.07. 2019.

Which is a power exchange in India?

PXIL is a power market infrastructure institution providing an electronic platform for transactions in power and allied products. PXIL’s operations are governed under the aegis of the Hon’ble Central Electricity Regulatory Commission (CERC).

Who is the promoter of IEX?

IEX is the largest exchange for the trading of a range of electricity products in India. The company was promoted by Financial Technologies (India) Ltd (“FTIL”)(now known as 63 Moons Technologies Ltd) and PTC India Financial Services Ltd (“PFS”).

What is the future of IEX?

Analyst Future Growth Forecasts Revenue vs Market: IEX’s revenue (13.1% per year) is forecast to grow faster than the Indian market (12.6% per year). High Growth Revenue: IEX’s revenue (13.1% per year) is forecast to grow slower than 20% per year.

How does IEX earn money?

IEX will earn a cut of the revenue the industry generates from market data. It can also list publicly traded stocks, collecting a fee from the companies it lists.

What is the business of IEX?

IEX business IEX is the first and the largest energy exchange in India. It allows for trading of electricity on its platform just like NSE and BSE allow trading of stocks.

How many power exchanges are there in India?

Agencies The other two power exchanges are Indian Energy Exchange and Power Exchange of India Ltd.

What is meant by power exchange?

A power exchange may refer to: the entity that operates an electricity market at which electricity is traded.

Who is promoter of MCX?

The major shareholders of MCX-SX include IFCI (13.2 per cent), Union Bank of India (11.47 per cent) and IL&FS Financial Services (9.18 per cent). Capital market regulator SEBI has instructed both MCX and Financial Technologies to halve their holding from 10 per cent in the stock exchange.

Who are promoters of Irctc?

presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.

Shareholding Pattern – Indian Railway Catering & Tourism Corporation Ltd.
Holder’s Name No of Shares % Share Holding
NoOfShares 160000000 100%
Promoters 107834434 67.4%
ForeignInstitutions 12498830 7.81%

Which is the first Power Exchange in India?

Power Exchange India Limited (PXIL), India’s first institutionally promoted power exchange. Power Exchange India Limited (PXIL) is India ‘s first institutionally promoted Power exchange that provides innovative and credible solutions to transform the Indian Power Markets.

Who are the participants in Indian energy exchange?

Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power Traders and Open Access Consumers (both Industrial & Commercial). IEX is one of the two operational Power Exchanges in India.

Who are the directors of power exchange India?

Kirit Parikh has been on the board for more than 11.956164383561644 years. The most recently appointed director is Prabhajit Kumar Sarkar, who was appointed on 10 May, 2018. Ravi Varanasi has the largest number of other directorships with a seat at a total of 11 companies.

When did the Indian Energy Exchange ( IEX ) start?

The Indian Energy Exchange (IEX) is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on June 27, 2008.