IEX Conferred 'Most Promising Company of The Year' Award By CNBC TV18

The Indian Energy Exchange, India's premium energy marketplace has been conferred as the 'Most Promising Company of The Year' by Honorable Finance Minister, Nirmala Sitharaman at the 17th Edition of India Business Leader Awards (IBLA) organized by CNBC TV18.

Mr. S N Goel, Chairman and Managing Director of the Company received the award at the ceremony held on Friday 1 April 2022 at Mumbai.

"We are enthused to have bagged this prestigious award of being the Most Promising Company of the Year. This award is indeed a recognition of efforts over the last 14 years towards facilitating sustainable, and efficient energy future for India. We dedicate this Award to all our Stakeholders, Partners and Employees for their invaluable efforts and contributions in developing the energy markets fulcrumed on the innovation and technology. Our heartfelt gratitude to the esteemed Jury Members and Organizers for recognizing the transformational impact that energy markets have been able to bring to the fore. This recognition indeed motivates our resolve to further build India's energy markets aligned to India's vision of a secure and sustainable and competitive energy economy" stated Mr S N Goel while accepting the award from the Honorable Finance Minister.

IEX has witnessed remarkable growth since inception and has been serving as a benchmark for efficient power purchase. It now has a robust 7000+ registered participant base including 55+ DISCOMS and 550+ Electricity Generators and commands a market share of around 95% in the Power Exchange market. IEX is ensuring competitive, transparent, and reliable access to energy while working towards transitioning the energy markets in India as well as South Asia.

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 230.90 as compared to the previous close of Rs. 224.45. The total number of shares traded during the day was 283696 in over 5304 trades.

The stock hit an intraday high of Rs. 231.75 and intraday low of 222.40. The net turnover during the day was Rs. 64903090.00.

Source : Equity Bulls

Keywords

IndianEnergyExchange INE022Q01020 IEX MostPromisingCompanyofTheYear CNBCTV18