About Indian Energy Exchange Limited 

Indian Energy Exchange Limited (IEX) is India’s premier energy exchange, offering a nationwide, automated platform for the physical delivery of electricity, renewable energy and certificates, including Renewable Energy Certificates and Energy Saving Certificates. It is approved and regulated by the Central Electricity Regulatory Commission since June 27, 2008; ISO-certified for quality, information security and environment management since August 2016; and listed on NSE and BSE since October 2017 . The company enables efficient price discovery and transparent, technology-led trading for the country’s power market .

IEX’s market offerings span the Day-Ahead Market, Real-Time Market, Term-Ahead Contracts (including High Price contracts), Intraday and Day-Ahead Contingency, Green Day-Ahead and Green Term-Ahead markets, Ancillary Services, Renewable Energy Certificates and Energy Saving Certificates . The platform serves participants across India, with cross-border electricity trading launched as part of its product evolution . As on March 31, 2025, the company had one subsidiary; its consolidated financials also include an associate company .

Key milestones include:

– Launch of the Day-Ahead Market (2008) and subsequent introduction of Renewable Energy Certificates (2011), Real-Time Market (June 2020), Green Day-Ahead Market (October 2021), High Price Day-Ahead Market (March 2023), High Price Term-Ahead Market (October 2023), Ancillary Services (June 2023) and IEX Academy (June 2023)  .

– Record operational performance in FY’25 with 121 billion units (BU) of electricity traded and 178 Lakh RECs, reflecting strong participation and expanding green market activity .

– Through its carbon-market initiative, IEX enabled the launch of International Renewable Energy Certificates in 2024; the subsidiary designated as the local I-REC(E) Issuer onboarded 153 devices (around 3 GW) and issued over 5.9 Million I-REC(E) certificates .

– Strategic collaboration highlights include a Memorandum of Understanding with JEPX (Japan) featured in the company’s innovation timeline .

Key Management of Indian Energy Exchange Limited 

– Satyanarayan Goel, Chairman & Managing Director

– Rohit Bajaj, Joint Managing Director

– Vineet Harlalka, Chief Financial Officer & Company Secretary & Compliance Officer

Latest Updates of Indian Energy Exchange Limited 

– Governance: Re-appointment of Mr. Satyanarayan Goel as Chairman & Managing Director for three years effective August 10, 2024; appointment of Mr. Rohit Bajaj as Joint Managing Director effective August 10, 2024; appointment of Mr. Rajeev Gupta and Mr. Pardeep Kumar Pujari as Independent Directors during FY’25; and cessation of Prof. Kayyalathu Thomas Chacko on March 29, 2025 .

– Operations: IEX achieved its highest-ever electricity trade of 121 BU in FY’25 and traded 178 Lakh RECs, with strong momentum in market participation .

– Green markets: Cumulative green market volumes reached 8.7 BU in FY’25, a 171 Per cent year-on-year rise, alongside robust REC activity supporting Renewable Purchase Obligation compliance .

– Carbon market: The subsidiary designated as India’s I-REC(E) Issuer (September 2024) transitioned the majority of previously registered devices, onboarded 153 new devices (~3 GW) and issued over 5.9 Million I-REC(E) certificates .

– New market development: IEX filed to launch the Green Real-Time Market; hearings are completed and public comments closed at the regulator .