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IEX LIMITED

IEX launches India's first Gas trading platform!

FOUNDATIONS

Indian Energy Exchange, India's leading and premiere energy market platform today announced the launch of Indian Gas Exchange (IGX), first nationwide online delivery-based gas trading platform.

NATION WIDE

Shri Dharmendra Pradhan, Honourable Minister of Petroleum and Natural Gas, inaugurated the Indian Gas Exchange in the e-ceremony held today and the trade on the platform commenced in his auspicious presence.

START

DIGITAL

The platform is fully automated with web-based interface to provide seamless trading experience to the customers and is powered by best-in-class technology from GMEX, one of the world's leading digital exchange trading and post trade technology providers. Incorporated as a wholly owned subsidiary of the IEX - India's leading energy market platform, IGX will enable market participants to trade in standardised gas contracts.

GOALS

IGX will play an instrumental role in transforming India's gas markets, positioning India as a sustainable economy and enhancing industry's competitiveness. The competitive price discovery will facilitate availability of gas at lower prices for cross-spectrum of industries across India, stimulate demand and facilitate greater investments in domestic gas exploration.

BUDGET

MANAGEMENT

The Indian Gas Exchange will offer six market products beginning from day-ahead market and forward contracts including - Daily, Weekly, Weekday, Fortnightly and Monthly at three physical hubs in Dahej, Hazira in Gujarat and Odoru in Andhra Pradesh to begin with while it is planned to add more hubs soon.

MEMBERS

Through its membership drive launched in March this year, IGX already has 12 members and more than 350 registered clients from prominent industrial segments

IEX ON MARKET

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