Indian Energy Exchange- It is an
Energy trading platform company.
IEX Energy declared results
for Q4FY 23-24 and details of the same are as below:-
1. Profit for the March quarter
increased by 9.5% YoY to Rs. 96.70 crores
2. Revenue increased by 15% to
Rs.149.30 crores
3. Company declared dividend of
Rs.1.50 per share.
4. IEX volumes increased to 30.1
BU across all verticals. This comprises of following:-
(a) 25.9 BU from the power
segment
(b) 1 BU from Green Market
segment
(c) 32.48 Lakh from Renewable
energy certificates which is equivalent to 3.2 BU.
IEX Energy stated that
1. India Electricity consumption in FY
23-24 hits high of 1622 BUs which are up by 7.7 Year on Year.
2. Coal production also increased by 11.7%
YoY to 1 billion tonne.
3. Coal Dispatches to coal plants increased
by 8.8% to hit 810 million tonne.
·
BU Stands for Billion Units
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