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Indian Energy Exchange (IEX) rose 1.77% to Rs 347.40 after the company said its power market traded highest ever monthly volume of 8249 MU, achieving 92% YoY growth in March 2021 on increased consumption of electricity.Spurred by the increasing demand for electricity across the various states, the electricity market at IEX achieved an all-time high volume of 8248.52 MU in the month of March 2021 surpassing all the previous milestones. The robust volumes led to a 92% YoY growth in electricity market during the month.
Cumulatively for the fiscal year ended March 2021, the exchange market performed well despite the COVID-19 induced lock-down. The electricity market achieved all time high volume of 73,941 MU during the year, leading to 37.2% year on year growth. The new market segments introduced during fiscal year 2021 - the real time market as well as the green market, made 14% contribution to the volume traded during the year.
Indian Energy Exchange announced that spurred by the increasing demand for electricity across the various States, the electricity market achieved an all-time high volume of 8248.52 MU in the month of March 21
surpassing all the previous milestones. The robust volumes led to a 92% YoY growth in electricity market during the month.
According to the power demand data published by the National Load
Dispatch Center, the national peak power demand touched 186 GW seeing a 9% YoY growth while the power consumption grew 23% YoY. The market faced transmission congestion on the inter-state transmission network due to which 24MU was lost during the month, representing 0.03% of total traded volume.
Japan share market finished higher sixth straight session on Tuesday, 16 March 2021, as investors took heart from record closes on Wall Street overnight on heightened hopes for the U. S. economic recovery and yen depreciation to lower 109-level against greenback. However, market gains capped amid a wait-and-see mood before the start of the U. S. Federal Reserve s two-day policy-setting meeting later on Tuesday.
At closing bell, the 225-issue Nikkei Stock Average rose 154.12 points, or 0.52%, to 29,921.09. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 12.77 points, or 0.65%, to 1,981.50.
Total 24 out of 33 industry category of Topix index ended into positive territory, with Marine Transportation, Air Transportation, Real Estate, Information & Communication, and Retail Trade issues being notable gainers, whereas Iron & Steel, Banks, and Oil & Coal Products issues were notable losers.
Indian Energy Exchange (IEX) jumped 8.43% to Rs 334.50, rising for the second trading session.Shares of IEX surged 11% in two trading days from its previous closing low of Rs 301.25 on 9 March 2021. The counter hit a record high of Rs 349 in intraday today. The stock is up 200% from its 52-week low of Rs 111.05 posted on 23 March 2020.
On the BSE, 4.89 lakh shares were traded in the counter so far compared with average daily volumes of 2.11 lakh shares in the past two weeks.
The counter saw demand after the company on Wednesday announced a strategic divestment of 26% of its equity holding in Indian Gas Exchange (IGX) to National Stock Exchange of India and additional 5% equity holding to ONGC. Under the agreement, NSE will purchase 1,92,07,500 equity shares having a face value of Rs 10 each representing 26% stake of IGX from IEX for Rs 19.20 crore. Further, ONGC will purchase 36,93,750 equity shares representing 5% stake in IGX from IEX for Rs 3.69 crore.