Indian Energy Exchange Ltd Share Price – NSE /  BSE

Financial Services, Small Cap

The tribunal was hearing IEX?s plea seeking the withdrawal of the Central Electricity Regulatory Commission?s (CERC) July 2025 direction on day-ahead market (DAM) coupling.

Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges, diluting IEX's dominant position.

At the scheduled hearing on 9 January 2026, APTEL concluded proceedings for the day and deferred further hearing in the market coupling case to Monday, 19 January 2026.

Ahead of the hearing, CERC issued a circular clarifying that its July 2025 communication should be treated as a ?direction? rather than an ?order.? In its petition, IEX has argued that the CERC direction is arbitrary, violates principles of natural justice, and would result in a loss of market share without delivering any tangible benefits.

During an earlier hearing on 28 November, IEX had cited a Securities and Exchange Board of India (SEBI) report alleging that certain CERC officials had indulged in insider trading.

Meanwhile, the company clarified that media reports on the market coupling issue were based on a routine hearing before APTEL and that no fresh order had been passed. IEX further stated that the stock price movement was market-driven and that all developments, including CERC?s corrigendum to its earlier direction, had already been disclosed to the exchanges.

IEX is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.

The company?s consolidated net profit jumped 13.9% to Rs 123.35 crore on 10.4% increase in revenue from operations to Rs 153.92 crore in Q2 FY26 over Q2 FY25.

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Hitachi Energy India Ltd, Elecon Engineering Company Ltd, Tejas Networks Ltd, Cera Sanitaryware Ltd are among the other stocks to see a surge in volumes on NSE today, 09 January 2026.

Indian Energy Exchange Ltd notched up volume of 1992.1 lakh shares by 14:14 IST on NSE, a 7.31 fold spurt over two-week average daily volume of 272.70 lakh shares. The stock slipped 6.92% to Rs.139.70. Volumes stood at 241.7 lakh shares in the last session.

Hitachi Energy India Ltd notched up volume of 6.35 lakh shares by 14:14 IST on NSE, a 6.16 fold spurt over two-week average daily volume of 1.03 lakh shares. The stock slipped 5.12% to Rs.17,500.00. Volumes stood at 1.82 lakh shares in the last session.

Elecon Engineering Company Ltd witnessed volume of 107.41 lakh shares by 14:14 IST on NSE, a 4.99 times surge over two-week average daily volume of 21.52 lakh shares. The stock dropped 15.86% to Rs.423.50. Volumes stood at 24.19 lakh shares in the last session.

Tejas Networks Ltd saw volume of 27.53 lakh shares by 14:14 IST on NSE, a 4.54 fold spurt over two-week average daily volume of 6.07 lakh shares. The stock dropped 5.33% to Rs.418.15. Volumes stood at 5.09 lakh shares in the last session.

Cera Sanitaryware Ltd registered volume of 48470 shares by 14:14 IST on NSE, a 4.23 fold spurt over two-week average daily volume of 11453 shares. The stock slipped 1.25% to Rs.5,123.50. Volumes stood at 18631 shares in the last session.

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Indian Energy Exchange (IEX) achieved monthly electricity traded volume (excluding TRAS) of 11,409 MU in November'25, marking an 17.7% increase on year-on-year basis. A total of 4.74 lakh Renewable Energy Certificates were traded during the month.

According to government data published in November '25,the country's energy consumption reached 123.4 BUs, decline of nearly 1% compared to the previous year. Enhanced hydro, wind, and solar generation resulted in higher supply liquidity on the exchange platform, leading to a decline in DAM and RTM prices. The market clearing Price in the Day Ahead Market at Rs. 3.07/unit during November'25, declined 6.9% YoY. Similarly, price in the Real Time Market at Rs 3.14/unit during November' 25, declined 9.2% YoY.

These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.

 ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

 The Day-Ahead Market (DAM) achieved 5,668 MU volume in November'25 as compared to 5,651 MU volume in November'24, increase of 0.3% YoY.

 The Real-Time Electricity Market (RTM) volume increased to 4,233 MU in November ?25, from 3,019 MU in November'24, registering an increase of 40.2% YoY.

Day Ahead Contingency andTerm-Ahead Market(TAM),comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 693 MU in November'25 as compared to 202 MU volume in November'24, increase of 243.1% YoY.

GREEN MARKET:GREENDAY-AHEAD & GREENTERM-AHEAD MARKET

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 815 MU volume during November '25 as compared to 818 MU in November'24, decline of 0.3% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for November'25 was Rs 3.29/ unit.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

A total of 4.74 lakh RECs were traded in the trading sessions held on 12th November'25 and 26th November'25, at a clearing price of Rs.370/REC and Rs.364/REC respectively. REC traded volume in November'25 decreased by 13.1% on YoY basis. The next REC trading sessions at the Exchange are scheduled on 10th Dec'25 and 31st Dec'25.

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The Board of Directors of Indian Gas Exchange (IGX), an associate company of Indian Energy Exchange, at its meeting held on 02 December 2025, has provided its approval to start the process of Initial Public Offering (IPO) of the equity shares of face value of Rs. 10 each of IGX. The IPO will be undertaken by way of an offer for sale by certain existing and eligible shareholders, subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations.

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