Hindustan Power Exchange crosses 5 bn units trade within 11 months of launch financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Hindustan Power Exchange (HPX) on Thursday announced that its has crossed the milestone of five Billion Units (BU) of power traded within 11 months of its launch.
HPX raced to 5 BUs within a span of 173 days with a daily average volume of ~18 MU, post-crossing the historic landmark of 1 BU, which happened within a time frame of 171 days.
Hindustan Power Exchange trade crosses 5 billion units in 11 months of launch thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Indian Energy Exchange (IEX) recorded a 49.3% rise in consolidated net profit to Rs 62.82 crore on a 34.1% rise in net sales to Rs 91.03 crore in Q1 FY22 over Q1 FY21.On a sequential basis, net profit increased by 2.11% while net sales declined nearly 3% to Rs 91.03 crore in Q1 FY22 over Q4 FY21. The company s profit before tax rose by 2.53% quarter on quarter and 45.3% year on year to Rs 81.89 crore in Q1 FY22.
Consolidated EBITDA increased 3.25% quarter on quarter and 41.3% year on year to Rs 86.7 crore in Q1 FY22.
On the operational front, electricity volume increased by 42.9% to 21,266 million units (MU) in Q1 FY22 as against 14,878 MU recorded in the same period last year. IEX said the growth in electricity volume was largely driven by competitive power prices on the exchange, growing electricity consumption, and vibrant performance of new market segments.