Shares of Indian Energy Exchange (IEX) are expected to remain in focus as the Electricity Appellate Tribunal (APTEL) is scheduled to hear the company’s plea against the market coupling directions issued by the Central Electricity Regulatory Commission (CERC) today, January 19, 2026.
The tribunal had earlier deferred the hearing on January 9, 2026, pushing it to today. The case pertains to IEX’s challenge to CERC’s July 2025 order that proposed the implementation of market coupling in the day-ahead market (DAM).
During the previous hearing, APTEL clarified that market coupling will not be implemented until a formal regulatory framework is notified. However, the tribunal also observed that it cannot restrict CERC from continuing with the regulatory process required to frame such regulations.
IEX shares ended Friday’s session at ₹139.60, trading within a narrow intraday range. The stock touched a low of ₹138.24 and a high of ₹140.95 during the day, indicating modest volatility. Despite the recent recovery from its 52-week low of ₹130.26, the share price remains well below its 52-week high of ₹215.40.
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