Stay updated with breaking news from Energy in india. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Indian Energy Exchange (IEX) on Tuesday announced further divestment of 5% equity stake in the Indian Gas Exchange (IGX) to GAIL (India).GAIL (India) will purchase 36,93,750 equity shares, having a face value of Rs 10 each, of IGX for a cash consideration of Rs 3.69 crore. The deal will be completed within a period of ten days from the date of execution of the share purchase and shareholders agreement. The announcement was made during trading hours today, 9 February 2021. Speaking on the development, S N Goel, the chairman of IEX and director of IGX, has said that: With strong impetus from the government to create a conducive policy and regulatory framework, gas markets are on the cusp of breakthrough growth. Competitive domestic gas markets are crucial to build a gas-based economy. In line, IGX is pro-actively working in collaboration with the stakeholders to build gas markets ecosystem in the country. We are delighted to welcome GAIL onboard as our partner and unite our str ....
Read more about Tata Power bags LoI from OERC on Business Standard. Tata Power has received a letter of intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha s five circles of NESCO. ....
Read more about Adani Total Gas acquires 5% stake in IGX on Business Standard. Adani Total Gas signed share purchase agreement on 21 January 2021 for acquiring 5% stake of Indian Gas Exchange (IGX) from Indian Energy Exchange (IEX) for a cash consideration of Rs 3.69 crore. ....
Read more about NTPC declares commercial operation of Unit#3 of 150 MW of Kameng HEP on Business Standard. With this, the commissioned and commercial capacity of NTPC group has become 63,785 MW and 63,125 MW respectively. ....
Indian Energy Exchange (IEX) gained 1.75% to Rs 244.70 after the company s consolidated net profit grew by 39.5% to Rs 58.14 crore on 42.8% rise in net sales to Rs 85.23 crore in Q3 December 2020 over Q3 December 2019.The company s consolidated profit before tax stood at Rs 75.74 crore in Q3 December 2020, 43.8% higher than Rs 52.66 crore in the same period last year. Total tax expense spiked by 60% to Rs 17.59 crore in Q3 December 2020 over Q3 December 2019. Consolidated EBITDA stood at Rs 80.5 crore in quarter ended December 2020, rising 41.8% from Rs 63.2 crore in the corresponding period last year. The energy exchange said it delivered the most robust quarterly performance till date. ....