Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

IEX trades 13 lac ESCerts under PAT Cycle 1

Posted On: 2018-01-18 04:29:16

IEX witnessed a total trade of 12,98,904 ESCerts under PAT Cycle 1 which commenced on September 26th, 2017 and continued until 16th January, 2018. The ESCert trading took place on every Tuesday and a total of 17 trading sessions have taken place.

The total buy requirement for PAT Cycle-1 based on the Designated Consumers (DC) was about 14.25 lacs out of which 12.98 lacs ESCerts were traded during the period, representing 90% of the total obligation. The ESCert market at IEX saw price variation from Rs. 200 per ESCert to maximum of Rs.1200 per ESCert.

The highest trade of 4.49 ESCerts was on December 19th, 2017, which alone amounted to about 35% of the total trade at IEX.

Energy Saving Certificate (ESCert) is a certificate issued by Bureau of Energy Efficiency (BEE) for every metric ton of oil equivalent energy (mToe) saving achieved by the DC over and above the targets set in PAT Cycle 1. As per CERC Regulation the ESCerts can only be traded on power exchanges. Of the two operating exchanges, the ESCert trading was only taking place at IEX. Unlike Renewable Energy Certificate, the Energy Saving Certificate does not have floor or ceiling prices under the CERC Regulations and the price is discovered competitively on the exchange platform based on the buy sell dynamics.

According to the Bureau of Energy Efficiency, out of the 428 Designated Consumers (DCs) in PAT Cycle 1, 318 are sellers and 110 are buyers. At IEX, 97 out of 110 buying DCs and 184 out of 318 selling DCs were registered representing thermal power plant, cement, textile, aluminum, iron and steel, fertilizer and chlor-alkali sectors. Among them the buyers from aluminum, cement, chlor-alkali, fertilizer, thermal and textile sector have met their compliance requirement while textile sector have only managed to meet 87% of their compliance.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Quick Heal Technologies Ltd calls for board meeting on Aug 8, 2018

Monsanto India Ltd board to consider quarterly results on Aug 6, 2018

RBL Bank Ltd - Q1 FY19 Operating review

Pudumjee Industries Ltd calls for board meeting on July 28, 2018

Trigyn Awarded - U.S. Army Picatinny Arsenal - Software Engineering Center Contract

Parag Milk Fods Limited Welcomes Government of India Announcement of 10% Export Subsidy

Edelweiss announces Rs.20,000 million Public Issue of Secured Redeemable NCDs

Sterlite Technologies Ltd Q1 net profit jumps to Rs. 128.48 crores

Bajaj Finance Ltd Q2 consolidated PAT soars to Rs. 835.89 crore

Kotak Mahindra Bank Q1 net profit climbs to Rs. 1574.48 crores

Menon Bearings Ltd Q1 PAT zooms to Rs. 7.19 crore

Integra Engineering India Ltd Q1 net profit at Rs. 1.04 crore

Apollo Tyres Ltd calls for board meeting on Aug 1, 2018

Artson Engineering Ltd receives order of Rs. 28.94 crores

RBL Bank Ltd - Q1 FY19 Performance highlights

NTPC Ltd board to consider quarterly results on July 28, 2018

NIIT launches pioneering Career Programs to match the changing talent requirements of global organizations

NCC Ltd board to announce Q1 results on Aug 10, 2018

Electrotherm India Ltd enters into settlement with IFC

LT Foods Ltd board to approve first quarter results on Aug 13, 2018

JMC Projects India Ltd board to consider Q1 results, stock split

Majesco Ltd board to announce 1st quarter results on Aug 2, 2018

RBL Bank Ltd Q1 PAT rises to Rs. 190.04 crores

Godrej Properties Ltd board to announce Q1 results on Aug 2, 2018

Infosys Foundation Signs MoU with Bangalore Metro to Build & Maintain the Electronics City Metro Station

Lupin receives tentative FDA approval for generic Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg

Mindtree establishes an endowed faculty scholar position in AI at Stanford University's School of Engineering

ADC India Communications Limited calls for board meeting on Aug 10, 2018

Godawari Power and Ispat Ltd awarded long term coal linkage

Reliance Securities Q1 PBT at Rs. 8 crore

AGC Networks Limited board to approve 1st quarter results on July 31, 2018

Dhanlaxmi Bank Limited board to consider first quarter results on Aug 6, 2018

Hawkins Cookers Ltd calls for board meeting on Aug 7, 2018

Zydus receives final approval from the USFDA for Piroxicam Capsules USP

Akshali Shah, awarded the 'Entrepreneur of the Year in Service Business - FMCG' by Entrepreneur India

MCX takes preventive measures against technical glitches

JK Tyre & Industries Ltd Q1 FY18-19 revenue up at Rs. 2446 crores

Mindtree Reports Strong revenue growth of 6.8% q-o-q and 20.7% y-o-y in USD terms

GHCL announces Q1 FY18-19 Results

Foseco India Ltd board declares 1st interim dividend of Rs. 7 for 2018

Sasken Technologies Limited Q1 FY18-19 Snapshot

Corporation Bank Ltd board to consider preferential issue on July 21, 2018

Raymond Ltd board to announce Q1 results on July 31, 2018

Indian Overseas Bank to receives capital infusion of Rs. 2157 crore

BNK Capital Markets Ltd board to consider 1st quarter results on July 28, 2018

NIIT Technologies Q1FY'19 PAT up 67.4%

GE T&D India Ltd board to announce first quarter results on July 25, 2018

Flex Films launches Web Metalized Surface Inspection System

Sun Pharma Advanced Research Company Ltd calls for board meeting on July 30, 2018

Wockhardt Ltd board to consider Q1 results on Aug 4, 2018

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018