IEX powers up 4% on increase in volume in September

IEX is India’s premier energy exchange that aims to provide automated trading platform for physical delivery of electricity, renewable energy.

The Indian Energy Exchange (IEX) stock was trading 4 percent higher on October 5, a day after the exchange reported a 13 percent year-on-year (YoY) growth in electricity volume for the month of September at 9,147 million units.

The Indian Energy Exchange achieved an overall volume

of 9,147 million units (MU), including green market trade of 230 MU. According to the business update, the demand momentum witnessed of August carried into September.

The country's electricity consumption, the filing said, increased to 140 BU (Billion Units) during September from 127 BU in the year-ago period, "marking a year-on-year increase of 10 percent."

Also read: IEX Chairman SN Goel full interview: Read complete transcript here

At 9.27 am, the stocks were trading at Rs 134.75 on the National Stock Exchange, 4 percent higher  from the previous close.

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IEX is India’s premier energy exchange that aims to provide "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."

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