Shares of the Indian Energy Exchange (IEX) surged nearly 4% in early trade today, reaching Rs 179.90, following the announcement of significant growth in its January electricity traded volume. The company recorded 10,910 million units (MUs) traded in January 2025, reflecting a 16% year-on-year (YoY) increase, demonstrating its growing dominance in India’s power trading market.
The growth was accompanied by a record-breaking performance in Renewable Energy Certificate (REC) trades, with 38.03 lakh RECs transacted, representing a 150% YoY surge. The trades were executed at clearing prices of Rs 325/REC and Rs 340/REC on January 8 and 29, respectively.
Segment-wise highlights:
- Day-Ahead Market (DAM): 6,015 MU traded, up 9% YoY compared to 5,540 MU in January 2024.
- Real-Time Electricity Market (RTM): 3,036 MU traded, marking a 28% YoY rise from 2,380 MU last year.
- Green Term-Ahead Market (G-TAM): 50 MU traded, up 89% YoY, with an average non-solar price of Rs 4.77/unit.
The surge reflects IEX’s ability to meet increasing power demands and foster growth in renewable energy trading, reinforcing its position as India’s premier energy trading platform.
Updated stock details:
- Current Price: Rs 179.90
- Previous Close: Rs 173.44
- Market Cap: Rs 15,903 crore
- Day’s Range: Rs 176.40 – Rs 180.80
- 52-Week Range: Rs 130.20 – Rs 244.40
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
