Indian Energy Exchange Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Indian Energy Exchange Limited (IEX) operating since 27th June 2008 and listed and traded since October 2017. IEX operates in the business of trading energy in India . IEX trades energy in an automated platform and delivers electricity, renewables and certificates in physical form. IEX also trades energy to South Asian Countries market too. IEX being a premier energy trader with state of art technology . IEX has its network all over India with 60+ distribution utilities, 700 + conventional generators , 1900 + RE generators and 4800 + consumers from commercial and industrial units. Central Electricity Regulatory Commission is the regulator of OEX. IEX possesses ISO certifications for its quality , information security and environmental management .
Additionally, IEX has partnerships with the Association of Power Exchanges and memorandums of understanding (MoUs) with European Power Exchange, PJM Technologies Inc., and Japan Electric Power Exchange. IEX is connected with several industry organizations, including the Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry, The Associated Chambers of Commerce and Industry of India, PHD Chambers, and the Council of Power Utilities.
As of 14th June, 2024, IEX share price is Rs.179.67
Indian Energy Exchange Limited Moves In 2025
January 2025
-
IEX recorded a growth of 16% in electricity traded volume to 10,910 million units (MU) as compared to the corresponding month of 2024.
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Real-Time Market (RTM) segment recorded 20% growth and added 2,900 MU. During this time, IEX also enabled the trade of 1.8 lakh Renewable Energy Certificates (RECs).
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On January 23, 2025, the Board has approved an interim dividend of Rs.1.50 per share for FY 2024-25 with a record date of January 31, 2025.
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The Board appointed M/s Agarwal S. & Associates as Secretarial Auditors of the company for the year.
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Mr. Pardeep Kumar Pujari was also nominated as a Non-Executive Independent Director, effective March 12, 2025, subject to approval by the shareholders.
February 2025
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IEX reported a 16% year-over-year increase in volume of traded electricity for Q3 FY 2024-25 at 30,464 MU.
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The Green Market segment witnessed significant growth with 2,470 MU of traded volume, a 305% increase from the previous year.
March 2025
The Exchange announced plans to launch Long Duration Contracts (LDC) of tenures up to 11 months, higher than the existing 3-month contracts.
Indian Energy Exchange Moves In 2024
IEX share price as of 14th June is Rs.179.67.
IEX reported its audited FY2024 Quarter 4 results.
As per the FY 2024, the IEX total volume is at 110.1 BU which is year on year increase by 13.7%, revenue is at Rs.550.8 crores which is year on year increase by 16.2% , profit after tax is at Rs.341.4 crores which is year on year increase by 16.7% and consolidated profit after tax is at Rs. 350.8 crore which is year on year increase by 14.7%.
As per the fourth quarter of FY2024, the IEX total volume is at 30.1 which is year on year increase by 15.5%, revenue is at Rs.149.5 crores which is year on year increase by 15.4% , profit after tax is at Rs.95.1 crores which is year on year increase by 14.7% and consolidated profit after tax is at Rs. 96.7 crore which is year on year increase by 9.5%.
As of May 2024, the IEX share price was INR 179.67.
IEX reached a total volume of 9044 MU in April 2024 with a Year-on-Year rise by 14.1% .
Renewable Energy Certificates volume is at 618 MU with a year-on-year rise by 211%.
Renewable Energy Certificates were recorded at an all time low price of Rs.204 each which was Rs.1000 each in April 2023.
Government has directed that all energy generation stations must operate from 1st May 2024 to 30th June 2024 with the view to meet electricity demand.
IEX Limited has traded total gas volume of 2.47 million MMBTU in April 2024, with its year-on-year rise by 38% and month on month rise by 123%. The increase in high trade volume was driven by international market price corrections and imported LNG low price.
IEX share price for the month of April was Rs.153.15
In March 2024, the IEX Directors declared a dividend of INR 1.50 per share.
In March 2024, Power Ministry of India made changes to Electricity Rules, 2022 to make sure that India has a good supply of electricity. Through these amendments, IEX will have increased trading volume, enhanced liquidity, improved price discovery and potential for growth in revenue.
IEX share price for the month of March was Rs.156.30
IEX share price for the month of February was Rs.134.35
IEX share price for the month of January was Rs.142.15
Evolution Of Indian Energy Exchange: From Past to Present
|
Year |
Evolution |
|
27th June ,2008 |
Launch of Indian Energy Exchange Limited |
|
2009 |
Launched Day Ahead Market |
|
2010 |
State energy utilities, private power generators and industrial consumers participated with IEX. |
|
2011 |
Launched Renewable Energy Certificates |
|
2012 |
Achieved 1000 million units of trading volume |
|
2013 |
Launched Term Ahead Market |
|
2014 |
Expansion of IEX |
|
2015 |
IEX upgraded its trading platform with advanced technologies. |
|
2016 |
Achieved to be the Premier Energy Exchange in India |
|
2017 |
Listing of IEX in BSE and NSE |
|
2018 |
Launched real time trade of electricity |
|
2019 |
Reached out to new south Asian countries market |
|
2020 |
Launched Green Term Ahead Market |
|
2021 |
Launched Green Day Ahead Market |
|
2022 |
Promoted Green Energy Markets |
|
2023 |
Launched Energy Saving Certificates |
Indian Energy Exchange Company Information
|
Company Information |
|
|
Name |
Indian Energy Exchange Limited |
|
Founded year |
2008 |
|
Promoter |
63 Moon Technologies Limited and Power Trading Corporation of India Limited. |
|
Headquarters |
New Delhi , India |
|
Industry |
Power Exchange |
|
Chairman |
Mr. Satyanarayan Goel |
|
Subsidiaries |
Indian Gas Exchange |
|
Revenue |
Rs. 474 crore FY2023 |
|
Net Income |
Rs. 305 crore FY2023 |
|
NSE code |
NSE:IEX |
|
BSE code |
BSE: 540750 |
Inside Indian Energy Exchange Limited
Indian Energy Exchange News
IEX reported its audited FY2024 Quarter 4 results.
As per the FY 2024, the IEX total volume is at 110.1 BU which is year on year increase by 13.7%, revenue is at Rs.550.8 crores which is year on year increase by 16.2% , profit after tax is at Rs.341.4 crores which is year on year increase by 16.7% and consolidated profit after tax is at Rs. 350.8 crore which is year on year increase by 14.7%.
As per the fourth quarter of FY2024, the IEX total volume is at 30.1 which is year on year increase by 15.5%, revenue is at Rs.149.5 crores which is year on year increase by 15.4% , profit after tax is at Rs.95.1 crores which is year on year increase by 14.7% and consolidated profit after tax is at Rs. 96.7 crore which is year on year increase by 9.5%.
Government has directed that all energy generation stations must operate from 1st May 2024 to 30th June 2024 with the view to meet electricity demand.
Indian Energy Exchange Share Price Today
|
Company Name |
Sector |
|
|
Indian Energy Exchange Limited (IEX) |
Power |
Milestones of Indian Energy Exchange Limited
|
Year |
Milestones |
|
26th March, 2007 |
Incorporates IEX as public limited company |
|
17th April, 2007 |
Certificate for Business commencement |
|
27th June, 2008 |
Commenced automated energy trading platform |
|
2009 |
Launched Day Ahead Market |
|
2010 |
Obtained First Industrial Consumer. Launched Term Ahead Market. Monthly Average volume reached 500 million units . |
|
2011 |
Launched Renewable Energy Certificates |
|
2014 |
Daily Average trading volume reached 79 million units. Highest trading volume reached 117 million units. |
|
2015 |
Highest trading volume reached 131 million units. |
|
2016 |
Daily Average trading volume reached 93 million units. Highest trading volume reached 136 million units. |
|
2017 |
Daily Average trading volume reached 109 million units. Highest trading volume reached 147 million units. Launched Energy Saving Certificates |
|
28th March 2018 |
Split up of IEX share price from Rs. 10 to Rs. 1 each share. Daily trading volume reached 306 million units on an average. |
|
2019 |
IEX bought back equity shares of IEX share price of Rs.185 of quantity 3729729 equity shares. IEX made Indian Gas Exchange Limited as its subsidiary through acquisition. |
|
2020 |
June - Launched Real Time Market August – Launched Green Term Ahead Market Mou for peer-to-peer trading with Power Ledger |
|
2021 |
April - Started cross border trade with Nepal, Bangladesh and Bhutan. Launched algorithmic trading platform |
|
2022 |
Made IGX as associated company. Introduced Hydro power contracts. Launched PAT Cycle II trading. |
|
2023 |
Launched Term Ahead Market, Green Hydro , Green Monthly and Long Duration contracts. Launched TRAS service, Power X . Launched Renewable Energy Project like solar and bio gas projects. |
Indian Energy Exchange Limited Achievements
2024
National Green Energy Award
Sustainable Energy Awards
Technological Innovation Award
Best Leading Renewable Energy Exchange Award
Recognition for Cross Border Excellence
Corporate Governance Excellence Award
Conclusion
IEX has achieved 191 GW of renewable energy capacity as of FY 2024. IEX has forecasted to achieve 50% non-fossil fuel-based energy by 2030, out of total projected capacity of 817 GW. IEX has had a 30% CAGR volume growth by 30% from 2008. IEX being the first natural gas trading Exchange in India with an automated trading platform with advanced technologies. IEX strategic partners include GAIL, NSE, Adani Gas, IndianOil, ONGC and Torrent gas.
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Frequently Asked Questions
What is IEX Share price Today?
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Where can I find the IEX historical share price?
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Where can I find detailed analysis of IEX share value?
At Enrich Money’s stock analysis page, traders can find the analysis of Indian Energy Exchange stock price.
Where to find IEX share today?
You can find the current share price of IEX at Enrich Money.
What is IEX Share Price Target in 2024?
IEX stock price target for the year 2024 would be between Rs. 195 to Rs. 210. For real-time insights into the future of IEX Share Price, visit Enrich Money
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