Company Name : Indian Energy Exchange Ltd.(IEX)
Company Name :
Indian Energy Exchange Ltd.(IEX)
Age : Incorporated on March 26, 2007 (14 Years)
Last 10 Days Average
Delivery % : More than 50%
Latest News : IEX
has signed an agreement with Multi Commodity exchange of India Ltd giving
exclusive right to MCX to use the IEX’s electricity clearing prices for settlement
of their for derivative electricity contracts.
Trading at ALL TIME
HIGH
EPS :
5.98
PE Ratio :
36.34
ROCE
: 61.93%
ROE : 43.19%
Debt/Equity Ratio :
0
Promoter Holding Pledge : Nil
1 Year Return :
52.88%
Overview of the Company:
The company was
incorporated as Indian Energy Exchange Limited on March 26, 2007 as a public
limited company under the Companies Act, 1956, with the Registrar of Companies,
Maharashtra at Mumbai (the Registrar of Companies, Maharashtra). The company
obtained a certificate for commencement of business on April 17, 2007. The
company is the largest exchange for the trading of a range of electricity
products in India, according to the Central Electricity Regulatory Commission
(the CERC). Electricity products traded over its electronic trading platform
comprise (i) electricity contracts in blocks of 15 minutes in the
day-ahead-market (the DAM), (ii) electricity contracts for fixed terms in the
future, such as intra-day contracts, day ahead contingency contracts and
contracts up to 11 days ahead, known as the term-ahead-market (the TAM) and
(iii) renewable energy certificates (RECs).
The company’s Exchange is an
online platform which is accessible to registered participants throughout
India. It promotes efficient price discovery and offers participants on its
Exchange the opportunity to trade in a variety of electricity products. Its Exchange
increases the accessibility and transparency of the power market in India and
enhances the speed and efficiency of trade execution. In addition to trade
execution, its Exchange offers settlement services, including electronic trade
confirmation, access to clearing services and risk management functionality.
Trading in the DAM and TAM
product categories through its Exchange provides participants with a means to
meet their power requirements and manage, among other things, availability and
price of electricity. Its Exchange primarily brings together sellers of power,
such as independent power producers, captive power plants, distribution
companies and Government owned power generation companies, and buyers of power,
such as distribution companies and industrial, commercial and institutional
power consumers, and provides them with a transparent, neutral and automated
platform for trading of electricity
Business area of the
company
It is one of two
exchanges in India that offer an electronic platform for the trading of
electricity products and have a substantial majority market share among the
power exchanges in India. The DAM constitutes the substantial majority of the
energy contracts that are traded on its Exchange.
Major events and
milestones
- 2007: Incorporation of the
company as a public limited company.
- 2009: Commencement of trading
in DAM.
- 2010: The company registered
its first industrial consumer.
- 2010: Commencement of trading
in TAM.
- 2010: Average monthly cleared
volume crossed 500 MU.
- 2011: Commencement of trading
of RECs.
- 2014: Daily average cleared
volume touched 79 MU/day.
- 2014: Over 2,900 open access
consumers were procuring power through IEX.
- 2014: Highest cleared volume in
a day crossed over 117 MUs.
- 2015: Highest cleared volume in
a day crossed over 131 MUs.
- 2016: Daily average cleared
volume touched 93 MU/day.
- 2016: Highest cleared volume in
a day crossed over 136 MUs.
- 2017: Daily average cleared
volume touched 109 MU/day.
- 2017: Highest cleared volume in
a day crossed over 147 MUs.
- 2017: Approval received from
CERC for commencement of trading of ESCerts.
Awards and
certifications
- The company was awarded the
‘E-enabled Consumer Platform’ award at the India Power Awards 2009.
- The company was awarded the
‘Best Performing Power Trading Company/ Exchange’ award at the Power Line
Awards 2012.
- The company was awarded the
‘Best Performing Power Exchange’ award at the Power Line Awards 2013.
- The company was awarded the
‘Best Power Exchange/ Power Trading Co.’ at the 7th India Power Awards in
the year 2014.
- The company won the ‘Exchange
of the Year’ award for outstanding contribution towards the development of
India electricity markets, presented by Power Business View, in the year
2014.
- The company was awarded the
‘Winner of the Vajra’ in the ‘Best Power Exchange in India’ category by
the ENERTIA Foundation at the 8th ENERTIA Awards 2014.
- The company was honoured by
Inc. India Innovative 100 in the year 2013.
- The company was awarded the
‘Leader in Market Development’ award for its valued contribution to the
energy sector at the 8th India Power Awards 2015 by the Council of Power
Utilities in the year 2015.
- The company received
certification under ISO 9001:2008 and ISO 14001:2004 from Bureau Veritas
Certification Holding SAS- UK Branch in August 2016 certifying that the
management system of the company was in accordance with the management
system standards of ISO 9001:2008 and ISO 14001:2004. The certificate is
valid up September 14, 2018.
- The company received
certification under ISO/ IEC 27001:2013 from Bureau Veritas Certification
Holding SAS- UK Branch in August 2016 certifying that the management
system of the company was in accordance with the management system
standards of ISO/ IEC 27001:2013. The certificate is valid up August 16,
2019.
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