Indian Energy Exchange Limited (IEX.NS) NSE

140.21

+2.45(+1.78%)

Updated at September 29 02:47PM

Currency In INR

Indian Energy Exchange Limited

Address

Plot No. C-001/A/A

Noida, 201301

India

Phone

91 11 3044 6511

Sector

Financial Services

Industry

Financial - Capital Markets

Employees

170

First IPO Date

October 23, 2017

Key Executives

NameTitlePayYear Born
Mr. Satyanarayan N. GoelMD, Chief Executive Officer & Chairman39.62M1954
Mr. Vineet Harlalka A.C.A. A.C.S.Chief Financial Officer, Compliance Officer & Company Secretary13.86M1975
Mr. Amit KumarHead of Market Operations, New Product Initiatives & Exchange Technology01979
Mr. Rohit BajajExecutive Director of Business Development, Strategy, Regulatory Affairs & IT01971
Mr. Deepak MehtaSenior Vice President of Business Development - Gas Business01973

Description

Indian Energy Exchange Limited operates a power trading platform. It enables trading and price discovery of electricity and related products with risk management for participants of the electricity market. The company's products include Day-Ahead Market, a physical electricity trading market for deliveries for any/some/all 15 minute time blocks in 24 hours of next day starting from midnight; Term-Ahead-Market that provides a range of products allowing participants to buy/sell electricity on intra-day, day-ahead contingency, and term ahead contracts; Real-Time Market, an auction session every half an hour with power to be delivered after 4 time blocks or an hour after gate closure of the auction; Renewable Energy Certificates to ease the purchase of renewable energy by the state utilities and obligated entities; Green Day-Ahead Market, a double-sided closed collective auction in renewable energy on a day-ahead basis; Cross-Border Electricity Trade, an endeavour towards building an integrated South Asian Power Market; and Energy Saving Certificates, a market-based instrument designed for the consumers in energy industries, such as aluminum, cement, thermal Power plant, distribution, utilities, refineries, railways, fertilizer, and iron and steel etc. Indian Energy Exchange Limited was incorporated in 2007 and is based in New Delhi, India.