• Quarterly operational performance: Electricity volumes traded grew 16% to 37.5 billion units with profit rising 12% to ₹135 crore, led by a 24% growth in the real-time market segment.
• IGX IPO divestment: IEX filed a DRHP to offload 22.3% of its 47.3% stake in Indian Gas Exchange to comply with PNGRB norms, with proceeds earmarked for the new Coal Exchange, Mineral Exchange, and potential shareholder rewards.
• Power demand outlook: Driven by severe El Niño conditions and reduced rainfall, peak electricity demand reached roughly 271 GW in May and 270 GW in July (up 12% from average), with elevated demand expected to persist through September–October.
• Market coupling impact: Management expects minimal disruption from proposed day-ahead coupling because the day-ahead market comprises only 40% of total volumes, projecting a maximum profit impact of ₹50–60 crore against a ₹492 crore base.
• Renewable market growth: Volumes in green products are expanding by 25–30% amid increasing cost competitiveness in solar, wind, and battery storage, supported by pending regulatory approvals for products like the Green Real-Time Market.