Company Profile

Indian Energy Exchange (IEX) has achieved 9,044 MU overall volume in April 2024, marking a 14.1% year-over-year (YoY) increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs 204 per certificate, the REC market recorded an all-time low price in the trading session held on April 24, 2024. The REC prices have declined by 80% on YoY basis. These prices provide an opportunity to obligated consumers to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

The Market Clearing Price in Day Ahead Market during April 2024 at Rs 5.1/unit reduced approximately 6% year-on-year. The sell bids on the exchange (Day Ahead Market plus Real Time Market) during the month increased by 21% on YoY basis. The DAM prices were lower by almost 45% as compared to prices discovered under bilateral contracts.

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.

Coforge’s wholly owned subsidiary -- Coforge Pte., Singapore, has entered into a loan agreement for availing loan facility with Hongkong and Shanghai Banking Corporation, a company organised under the Companies Ordinance of the Hong Kong Special Administrative Region (HKSAR) and operating from its International Financial Services Centre Banking Unit in GIFT City, Gujarat. The Facility Agreement has been entered into in respect of bridge loan facility for an amount up to $250 million. 

Tata Steel, through Tata Steel Industrial Consulting Division (TSIC), and TEXMiN, the Mining Technology Innovation Hub at IIT (ISM) Dhanbad, have forged a landmark partnership aimed at catalysing innovation and reshaping the landscape of natural resource management in India. The Memorandum of Understanding (MoU) marks a significant commitment towards propelling the mining industry into the era of Mining 4.0, underlining both institutions' dedication to fostering a sustainable and efficient future for the sector. The partnership between TSIC and TEXMiN encompasses a multifaceted approach aimed at achieving several key objectives.

Continuing its spectacular performance of FY24, MOIL has registered its best ever April production since inception at 1.60 lakh tonnes in April, 2024, registering a significant growth of 22% over April, 2023. On the sales front, the company has achieved its best ever April sales of 1.15 lakh tonnes in April, 2024, registering a growth of 17% in comparison to April 2023.

UGRO Capital’s Board of Directors have approved an equity capital raise of Rs 1,322 crore through Compulsory Convertible Debentures (CCD) and Warrants. The equity fund raise is subject to shareholder approval. UGRO raised this capital through an innovative combination of Compulsorily Convertible Debentures with Warrants, ensuring that the capital required for both the current year's growth and next year's growth is effectively locked in today.

SIKA Interplant Systems has secured additional new orders for advanced engineering products and services amounting to Rs 86 crore (approximate). With these additional contracts, the cumulative of new orders received by the company over the last thirteen months is Rs 236.5 crore (approximate) as on April 30, 2024.

Indian Energy Exchange, India’s premier electricity exchange, achieved 9,044 MU overall volume, in April24, marking a 14.1% year-over-year increase. 

Adani Enterprises has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 76.17% rise in its net profit at Rs 776.71 crore for the quarter under review as compared to Rs 440.88 crore for the same quarter in the previous year. However, total income of the company decreased by 10.62% at Rs 9,556.66 crore for Q4FY24 as compared Rs 10,692.75 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 54.88% fall in its net profit at Rs 352.25 crore for fourth quarter ended March 31, 2024 as compared to Rs 780.68 crore for the same quarter in the previous year. However, total income of the company increased by 1.09% at Rs 29,630.29 crore for Q4FY24 as compared Rs 29,311.42 crore for the corresponding quarter previous year.

Indian Energy Exchange is currently trading at Rs. 157.60, up by 1.50 points or 0.96% from its previous closing of Rs. 156.10 on the BSE.

The scrip opened at Rs. 158.05 and has touched a high and low of Rs. 160.40 and Rs. 154.65 respectively. So far 686120 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 173.30 on 01-Jan-2024 and a 52 week low of Rs. 116.05 on 09-Jun-2023.

Last one week high and low of the scrip stood at Rs. 161.35 and Rs. 154.65 respectively. The current market cap of the company is Rs. 14026.33 crore.

The Institutions and Non-Institutions held 38.15% and 61.86% stake in the company respectively.

Indian Energy Exchange (IEX) has achieved 9,044 MU overall volume in April 2024, marking a 14.1% year-over-year (YoY) increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs 204 per certificate, the REC market recorded an all-time low price in the trading session held on April 24, 2024. The REC prices have declined by 80% on YoY basis. These prices provide an opportunity to obligated consumers to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

The Market Clearing Price in Day Ahead Market during April 2024 at Rs 5.1/unit reduced approximately 6% year-on-year. The sell bids on the exchange (Day Ahead Market plus Real Time Market) during the month increased by 21% on YoY basis. The DAM prices were lower by almost 45% as compared to prices discovered under bilateral contracts.

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.

Indian Energy Exchange has informed that it enclosed the Media Release titled ‘IEX Power Market Update, Fiscal’24 & March’24’. The above information will also be made available on the website of the Company: www.iexindia.com.

The above information is a part of company’s filings submitted to BSE.