Company Profile

INDIAN ENERGY EXCHANGE LTD.

NSE : IEXBSE : 540750ISIN CODE : INE022Q01020Industry : Power Generation/DistributionHouse : Private
BSE194.001.1 (+0.57 % )
PREV CLOSE (Rs.) 192.90
OPEN PRICE (Rs.) 192.55
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1091549
TODAY'S LOW / HIGH (Rs.)190.25 197.00
52 WK LOW / HIGH (Rs.)111.05 219.05
NSE193.95 1.15 (+0.6 % )
PREV CLOSE(Rs.) 192.80
OPEN PRICE (Rs.) 193.80
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 193.95 (2933 )
VOLUME 730698
TODAY'S LOW / HIGH(Rs.) 192.25 197.40
52 WK LOW / HIGH (Rs.)116 219.3

Company News

Date Heading Details
22-Oct-2020 IEX gets nod to invest Rs 47.62 crore in subsidiary <p align="justify">Indian Energy Exchange's (IEX) board has approved the further investment of Rs 47.62 crore in Indian Gas Exchange, wholly owned subsidiary of the Company, with the purpose of complying with the Net worth and SGF requirements as stipulated in the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020. The Board of Directors in their meeting held on October 20, 2020 has considered and approved the same.&nbsp; </p><p align="justify">IEX is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.<br></p>
22-Oct-2020 IEX gains on witnessing 13.2% growth in electricity sales in September quarter <p align="justify">Indian Energy Exchange is currently trading at Rs. 194.60, up by 0.40 points or 0.21% from its previous closing of Rs. 194.20 on the BSE.<p align="justify">The scrip opened at Rs. 195.15 and has touched a high and low of Rs. 196.50 and Rs. 193.20 respectively. So far 14666 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 219.05 on 16-Sep-2020 and a 52 week low of Rs. 111.05 on 23-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 203.20 and Rs. 192.30 respectively. The current market cap of the company is Rs. 5817.39 crore.<p align="justify">The Institutions and Non-Institutions holding in the company stood at 65.29% and 34.71% respectively.<p align="justify">Indian Energy Exchange (IEX) has recorded 13.2% rise in electricity sales to16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across the country. The electricity volumes on the exchange witnessed an increase of 13.2 per cent Y-o-Y (year-on-year) in Q2FY21 (July-September 2020) and stood at 16,486 MU as compared to 14,560 MU in Q2FY20 (July-September 2019).<p align="justify">The second quarter initially saw a slump in manufacturing due to re-lockdowns in a few states, however, the industrial activity picked up momentum in August and September.<p align="justify">IEX is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.</p>
22-Oct-2020 Wipro, Dilip Buildcon and Prestige Estates Projects to see some action today <p align="justify"><strong>Wipro</strong> has entered into an agreement with SAP SE to deliver SAP Enable Now. This custom enablement platform by SAP will help organizations adapt faster to technological changes and accelerate globalization. With this agreement, Wipro can offer its clients tailor-made industry and line-of-business-specific learning tutorials and training assets, in addition to existing contextual help and guided tours delivered by SAP.</p><p align="justify"><strong>Dilip Buildcon's</strong> joint venture (JV) i.e Dilip Buildcon- Altis Holding Corporation has been declared as L-1 bidder for a new EPC Project viz. 'Construction of Eight Lane access controlled Expressway starting near Junction with NH-12 near village Ummedpura to Major bridge over Takli river near NayagaonJageer village (Ch. 419.000-427.300) section of Delhi - Vadodara Green field Alignment (NH-148N) under Bharatmala Pariyojana in the State of Rajasthan on EPC Mode (Pkg-15).' The bid project cost is Rs 1000.08 crore and the completion period for the project is 30 months.</p><p align="justify"><strong>Prestige Estates Projects</strong> has entered into a Limited Liability Partnership agreement (LLP) with Mysore Projects, a wholly-owned subsidiary of Brigade Enterprises in Prestige OMR Ventures LLP. The two leading developers have jointly taken a 7.5-acre land on a 99-year lease located at Old Madras Road (OMR) in Bengaluru. Prestige Estates and Mysore Projects are the partners in Prestige OMR Ventures LLP in the ratio of 70 percent and 30 percent, respectively. Both the partners will make equity investments as well as raise debt to develop this premium commercial project. </p><p align="justify"><strong>KIC Metaliks</strong> has commissioned a Pulverized coal injection (PCI) system for the existing Mini Blast Furnace (MBF) and a 25m2 Annular Sinter Plant on October 20, 2020. After this expansion cum modernisation, the production capacity of the existing MBF will also increase from 1,65,000 MTPA to 2,35,000 MTPA. </p><p align="justify"><strong>Yes Bank</strong> has introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates. Unveiling the 'Khushiyon Ki Karein Zimmedari Se Tayyari' campaign, it said customers can avail hassle-free loans – personal and business loans, two-wheeler and auto loans up to 100 per cent of on-road prices – at competitive interest rates, topped up with tailored options and flexible payment plans. </p><p align="justify"><strong>Ugro Capital</strong> has raised Rs 20 crore through Secured, Redeemable, Listed, Non Convertibles Debentures (NCDs) and allotted 200 NCDs having face value of Rs 10,00,000 each on a Private Placement basis. The board of directors at its meeting held on October 21, 2020 has approved and allotted the same.</p><p align="justify"><strong>Indian Energy Exchange</strong> (IEX) has recorded 13.2% rise in electricity sales to16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across the country. The electricity volumes on the exchange witnessed an increase of 13.2 per cent Y-o-Y (year-on-year) in Q2FY21 (July-September 2020) and stood at 16,486 MU as compared to 14,560 MU in Q2FY20 (July-September 2019).<br></p>
21-Oct-2020 IEX reports 9% fall in Q2 consolidated net profit <p align="justify">Indian Energy Exchange (IEX) has reported results for second quarter ended September 30, 2020.<p align="justify">The company has reported 4.34% fall in its net profit of Rs 46.70 crore for the quarter under review as against net profit of Rs 48.82 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.80% at Rs 79.35 crore for Q2FY21 as compared Rs 78.72 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported 9.18% fall in its net profit at Rs 44.33 crore for the quarter under review as against net profit of Rs 48.82 crore for the same quarter in the previous year. Total income of the company marginally decreased by 0.01% at Rs 78.71 crore for Q2FY21 as compared Rs 78.72 crore for the corresponding quarter previous year.</p>
21-Oct-2020 IEX witnesses 13.2% growth in electricity sales in September quarter <p align="justify">Indian Energy Exchange (IEX) has recorded 13.2% rise in electricity sales to16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across the country. The electricity volumes on the exchange witnessed an increase of 13.2 per cent Y-o-Y (year-on-year) in Q2FY21 (July-September 2020) and stood at 16,486 MU as compared to 14,560 MU in Q2FY20 (July-September 2019). <p align="justify">The second quarter initially saw a slump in manufacturing due to re-lockdowns in a few states, however, the industrial activity picked up momentum in August and September.<p align="justify">IEX is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.</p>
21-Oct-2020 IEX declines on reporting 9% fall in Q2 consolidated net profit <p align="justify">Indian Energy Exchange is currently trading at Rs. 194.20, down by 4.80 points or 2.41% from its previous closing of Rs. 199.00 on the BSE.<p align="justify">The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 200.05 and Rs. 192.50 respectively. So far 59091 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 219.05 on 16-Sep-2020 and a 52 week low of Rs. 111.05 on 23-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 203.20 and Rs. 192.30 respectively. The current market cap of the company is Rs. 5835.36 crore.<p align="justify">The Institutions and Non-Institutions holding in the company stood at 65.29% and 34.71% respectively.<p align="justify">Indian Energy Exchange (IEX) has reported 4.34% fall in its net profit of Rs 46.70 crore for the quarter ended September 30, 2020 as against net profit of Rs 48.82 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.80% at Rs 79.35 crore for Q2FY21 as compared Rs 78.72 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported 9.18% fall in its net profit at Rs 44.33 crore for the quarter ended September 30, 2020 as against net profit of Rs 48.82 crore for the same quarter in the previous year. Total income of the company marginally decreased by 0.01% at Rs 78.71 crore for Q2FY21 as compared Rs 78.72 crore for the corresponding quarter previous year.</p>
07-Oct-2020 Indian Energy Exchange gets nod to invest Rs 6.25 crore in IGX <p align="justify">Indian Energy Exchange (IEX) has received an approval for the further investment of Rs 6.25 crore in Indian Gas Exchange (IGX), wholly owned subsidiary of the Company, by way of subscription to equity shares through Rights Issue. The Board of Directors in their meeting held on October 05, 2020, has considered and approved the same.&nbsp; </p><p align="justify">The object of the said investment is to increase the Paid-up Share capital of the IGX in order to maintain the Networth requirements of the IGX pursuant to Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020 issued by PNGRB on September 25, 2020. </p><p align="justify">IEX is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.<br></p>
07-Oct-2020 Reliance Industries, L&T and Godrej Consumer Products to see some action today <p align="justify">Abu Dhabi Investment Authority (ADIA) is planning to invest Rs 5,512.50 crore into Reliance Retail Ventures (RRVL), a subsidiary of <strong>Reliance Industries</strong> (RIL). This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. ADIA's investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis. With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks.</p><p align="justify"><strong>Larsen &amp; Toubro</strong> (L&amp;T) has launched the seventh and final offshore vessel for the Indian Coast Guard at its defence shipyard at Kattupalli. The vessel is the last in the series of seven offshore patrol vessels (OPVs) contracted to L&amp;T by the defence ministry in March 2015. OPVs are long-range surface ships, capable of operation in maritime zones of India, including island territories with helicopter operation capabilities.</p><p align="justify"><strong>Godrej Consumer Products</strong> is expecting to deliver close to low double-digit sales growth in India in July-September quarter of the current fiscal. Demand trends in the categories the company operates in remained stable and improved sequentially across key geographies. In Indonesia, the company expects to deliver low single-digit year on year constant currency sales growth in the quarter, led by household insecticides and hygiene categories.</p><p align="justify"><strong>Axis Bank</strong> and Vistara have launched a co-branded forex card that can load up to 16 currencies. The card has locked-in exchange rates and the card holder will accrue 3 award points on Club Vistara for every $5 or an equivalent value spent. Club Vistara (CV) is the airline's frequent flyer program. Customers also get awarded 500 CV Points as a Welcome Bonus on signing up (for the forex card).</p><p align="justify"><strong>Blue Dart Express</strong> is planning to offer a complete supply chain solution for the life sciences and clinical trials sector and reefer vehicles (cold chain) services, to ensure seamless transport of shipments like vaccines. The firm, which is a part of the Deutsche Post DHL Group (DPDHL), has capability to handle various temperature requirements.&nbsp; </p><p align="justify">Toll Logistics has chosen <strong>Ramco Systems'</strong> Logistics ERP to transform the complete supply chain operations of its Chemicals business division in Australia and New Zealand. In addition, Ramco Logistics will also be rolled out as a unified out-of-the-box ERP across its new businesses in Asia.&nbsp;&nbsp; </p><p align="justify"><strong>Indian Energy Exchange</strong> (IEX) has received an approval for the further investment of Rs 6.25 crore in Indian Gas Exchange (IGX), wholly owned subsidiary of the Company, by way of subscription to equity shares through Rights Issue. The Board of Directors in their meeting held on October 05, 2020, has considered and approved the same.&nbsp; <br></p>
06-Oct-2020 Infibeam Avenues, Reliance Capital and SpiceJet to see some action today <p align="justify"><strong>Infibeam Avenues</strong> has entered into a definitive agreement with Jio Platforms and its affiliates (JPL), to license, customise, maintain and access its Enterprise E-commerce Software and Payments Platform for their business use. </p><p align="justify">Reliance General Insurance, a part of <strong>Reliance Capital</strong>, has partnered with SatSure Analytics for satellite-based crop monitoring and predictive analytics support to better risk management and improve the efficiency of its crop insurance business operations. As part of the partnership, the company will supply extensive ground observation data and generate timely reports through SatSure Analytics' SAGE platform, combining the analysis of Earth Observation data. It's a key step in company's customer-centric approach for timely and efficient insurance servicing while being able to effectively and remotely monitor the business risks. </p><p align="justify"><strong>SpiceJet</strong> is going to operate non-stop flights connecting Delhi and Mumbai with London from December 4, 2020. It is the first Indian low-cost carrier to operate flights to the UK. The Delhi-London flight and the Mumbai-London flight will operate under the air bubble agreement with the UK. The airline will use an Airbus A330-900 Neo aircraft for these flights. The 371-seater twin-aisle A330 has a configuration of 353 economy and 18 business class seats. These flights from India will be operating to London's Heathrow airport. </p><p align="justify"><strong>Kalpataru Power Transmission</strong> and its joint venture partner have completed 100 percent stake sale in Jhajjar KT Transco (JKTPL) to IndiGrid. Earlier, the company had completed sale of 74 percent stake in Jhajjar KT Transco in first round of equity selling to India Grid Trust (IndiGrid). The Parties have completed the sale of second closing sale shares, which represents about 26% (13.26% held by the Company and 12.74% held by Techno) of the total equity shares of JKTPL to India Grid Trust. </p><p align="justify"><strong>HIL</strong> (India) has added additional capacities and commenced the production of various products under CpVC &amp; UpVC Pipes range at its plant located at Thimmapur, Telangana. HIL continues to diversify, invest and expand its plumbing solutions business with an extended portfolio range. The company has commenced commercial production of UpVC &amp; Column Pipes from October 5, 2020 in Pipes &amp; Fittings category. The product will be catering to both domestic and international markets. The total additional installed capacity is 1920 MT/P.A (i.e UpVC &amp; Column Pipes). </p><p align="justify"><strong>Vinati Organics</strong> has subscribed to the Memorandum &amp; Articles of Associations to the extent of 99% of the Share Capital of Veeral Organics, which has been incorporated under the Indian Companies Act, 2013 on October 5, 2020. By virtue of the same subscription, Veeral Organics becomes the subsidiary of the company with effect from October 5, 2020. The business of subsidiary is manufacturing of the Organics Fine Speciality Chemicals and is in line of the business of Vinati Organics. </p><p align="justify"><strong>Indian Energy Exchange's</strong> (IEX) electricity market at the Indian Energy Exchange traded a volume of 5675 MU (Million Unit) in September 2020 seeing a significant 45% YoY increase while the national peak demand in the same period saw a 2% YoY increase and energy consumption recorded a 6% YoY increase. The day-ahead market cleared volume of 4781 MU during the month. The market continued to witness high sell side liquidity with the total sell bids at 9669 MU being more than twice of the cleared volume.<br><br></p>
05-Oct-2020 IEX's electricity market trades 5675 MU in September <p align="justify">Indian Energy Exchange's (IEX) electricity market at the Indian Energy Exchange traded a volume of 5675 MU (Million Unit) in September 2020 seeing a significant 45% YoY increase while the national peak demand in the same period saw a 2% YoY increase and energy consumption recorded a 6% YoY increase. The day-ahead market cleared volume of 4781 MU during the month. The market continued to witness high sell side liquidity with the total sell bids at 9669 MU being more than twice of the cleared volume.<p align="justify">With robust sell side liquidity, the average market clearing price at Rs. 2.69 per unit saw a decline of 3% on a YoY basis over Rs 2.77 per unit in September 2019 helping both the distribution utilities and industries to accrue significant financial savings. The trade in the term-ahead market stood at 107 MU for the month.<p align="justify">IEX is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.</p>