IEX

March 18 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• BOARD APPROVES IN-PRINCIPLE TO EXPLORE ESTABLISHING COAL EXCHANGE

Source text: ID:nBSE6fczDm

Further company coverage: IIAN.NS

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March 5 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• MONTHLY ELECTRICITY TRADED VOLUME UP 30.4% YOY IN FEBRUARY

Source text: ID:nBSE3sLdPQ

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 13 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD - APPEAL FILED CHALLENGING CERC MARKET COUPLING IMPLEMENTATION

Source text: ID:nBSE5gplKn

Further company coverage: IIAN.NS

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Feb 3 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD - ACHIEVES RECORD MONTHLY ELECTRICITY TRADED VOLUME OF 13,050 MU IN JAN, UP 19.6% YOY

Source text: ID:nBSE2bL1NF

Further company coverage: IIAN.NS

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Jan 29 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD DEC-QUARTER CONSOL NET PROFIT 1.19 BILLION RUPEES

• INDIAN ENERGY EXCHANGE LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.46 BILLION RUPEES

• INDIAN ENERGY EXCHANGE LTD- APPROVES INTERIM DIVIDEND OF 1.50 RUPEES PER SHARE

Source text: ID:nNSE7Hp8X3

Further company coverage: IIAN.NS

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** Indian Energy Exchange IIAN.NS shares jump nearly 4% to 154.45 rupees - its highest level since July 24, 2025

** Stock surged 11% on Tuesday after electricity tribunal's scrutiny of market coupling rules seen as favourable for IIAN

** Last year, the electricity regulator moved to implement market coupling from January; IIAN slumped 30% next day

** Market coupling would create uniform electricity pricing across platforms, threatening IIAN's market dominance

** "We reckon coupling is not likely before Dec'27 in light of the challenges to its implementation," JM Financial says in a note

** JM Financial says given IEX's technological prowess and organisational capabilities, market share may taper to 60% in FY30E from 75% in FY28E if market coupling implemented

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

Dec 3 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD - ELECTRICITY TRADED VOLUME OF 11,409 MU IN NOVEMBER'25, AN INCREASE OF 17.7 % YOY

Source text: ID:nBSE7mS5P2

Further company coverage: IIAN.NS

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NEW DELHI, Oct 16 (Reuters) - India's federal power regulator on Thursday launched a probe into alleged insider trading in Indian Energy Exchange (IEX) shares by some of its employees, after receiving an interim order from the Securities and Exchange Board of India (SEBI).

SEBI, in a late‑Wednesday order, alleged two Central Electricty Regulatory Commision (CERC) officials traded on price‑sensitive information in IEX equity and derivatives.

The information related to the impending implementation of "market coupling" in the country's power exchanges.

A CERC spokesperson said a fact‑finding committee has been set up to examine the evidence and determine next steps. Three officials alleged to be involved have been placed on compulsory leave pending the inquiry.

The IEX operates a nationwide automated trading platform for the physical delivery of electricity, renewable energy, and certificates.

(Reporting by Sarita Chaganti Singh and Sethuraman NR; Editing by Tasim Zahid)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

Adds details, background

MUMBAI/NEW DELHI, Oct 15 (Reuters) - India's market regulator late on Wednesday issued an order against two officials of the country's federal power regulator alleging they traded on price-sensitive information in shares and derivatives of Indian Energy Exchange IIAN.NS (IEX).

The Securities and Exchange Board of India (SEBI) said two officials at the Central Electricity Regulatory Commission (CERC), along with related persons, traded in IEX derivatives and shares ahead of a policy decision that was likely to affect the company.

The sensitive information was on impending implementation of "market coupling" in the country's power exchanges.

The policy change, announced by the CERC late on July 23, 2025, led to a 29.6% drop in IEX's share price the following day.

SEBI ordered 13 individuals to deposit 1.73 billion rupees ($19.68 million), which it described as their "ill-gotten gains."

It has also barred these entities from dealing in the securities market, the regulator said in its interim order.

CERC officials did not immediately respond to calls or messages seeking comment. The order was released outside regular working hours.

($1 = 87.9120 Indian rupees)

(Reporting by Ira Dugal, Sarita Chaganti Singh and Sethuraman NR; Editing by Maju Samuel and Tasim Zahid)

((Ira.Dugal@thomsonreuters.com; +91-9833024892;))

** Indian Energy Exchange IIAN.NS jumps 12% to 148 rupees, rebounding from ~30% slump on Thursday

** Bourse operator's Q1 consol profit after tax rises 25% y/y; rev up 19%

** Stock set to snap seven-session losing run

** Co making "detailed impact assessment" of India's new electricity pricing rules that analysts said can erode co's market dominance, triggering a free-fall on Thursday

** About 57 mln shares traded vs 30-day avg of 10.6 mln

** Stock rated "buy" on avg; median PT is 215 rupees, per data compiled by LSEG

** YTD, IIAN down 18%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

** Indian Energy Exchange IIAN.NS slumps 26% to 139 rupees, on track for seventh straight session of fall

** Stock logs steepest intraday single-day pct decline on record

** Bernstein says India's plan of overhauling electricity pricing will impact co's market share is "worse" than "what we have built in"

** Brokerage trims TP to 122 rupees from 160 rupees, maintains "market perform" call

** Avg rating of stock "buy", median TP 215 rupees - data compiled by LSEG

** Trading vols 21 mln shares vs 30-day avg of 7.1 mln shares

** YTD stock down 20%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

July 3 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD - MONTHLY ELECTRICITY TRADED VOLUME UP 6.5% YOY IN JUNE'25

• INDIAN ENERGY EXCHANGE LTD - Q1FY'26 ELECTRICITY TRADED VOLUME UP 15% YOY

Source text: ID:nBSE9SJPfV

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

June 4 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• ACHIEVES 10,946 MU ELECTRICITY TRADED VOLUME IN MAY'25, UP 14% YOY

Source text: ID:nBSE86ZVSt

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

May 5 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD - ELECTRICITY TRADED VOLUME UP 26% YOY IN APRIL

Source text: ID:nNSE4Jw22C

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Indian Energy Exchange IIAN.NS rise as much as 5.5% to 201.35 rupees, highest since Oct. 14

** Power trading platform on Thursday reported 21.1% Y/Y rise in Q4 consol net profit, rev from ops rose 17.3% Y/Y

** Stock is witnessing its most active trading session since Sept. 2024 with more than 43 mln shares change hands, 9.2x of 30-day avg

** Avg rating of 10 analysts equivalent of "buy", median PT is 204 rupees - data compiled by LSEG

** Stock up 6.3% YTD

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

BENGALURU, April 24 Reuters - Diary of India economic, corporate events on April 24

ECONOMIC, CORPORATE .BSE500 EVENTS:

(Compiled by Bengaluru Newsroom)

((Diaries@thomsonreuters.com))

March 3 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• ACHIEVES 9,622 MU TRADED VOLUME IN FEBRUARY '25, UP 9% YOY

Source text: ID:nNSEX1Rhm

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Indian Energy Exchange IIAN.NS rise 4.7% to 181.5 rupees, their highest in over a month

** Power trading platform says monthly volumes in Jan up 16% Y/Y

** Avg analyst rating on the stock is "buy", median PT is 204 rupees - LSEG data

** Stock rose 8% in 2024

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

Feb 4 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE - ACHIEVES 10,910 MU TRADED VOLUME IN JANUARY, UP 16% YOY

• INDIAN ENERGY EXCHANGE - AVERAGE DAM PRICE AT 4.43 RUPEES/UNIT, DOWN 24% YOY

Source text: ID:nBSE8TsDPG

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

BENGALURU, Jan 23 (Reuters) - Diary of India economic, corporate events on Jan. 23

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled', AMC - 'After market close'

(Compiled by Bengaluru Newsroom)

((Diaries@thomsonreuters.com))

Jan 10 (Reuters) - The Indian Gas Exchange (IGX) is looking for regulatory approval to launch a 3-6 month gas contract, its chief executive, Rajesh K Mediratta, said on Friday.

"We are awaiting a clearance from PNGRB (Petroleum and Natural Gas Regulatory Board)," Mediratta told reporters at a press conference.

IGX, a unit of Indian Energy Exchange IIAN.NS, currently has intraday, dayahead, daily, and fortnightly contracts.

The pricing of the 3-6 month contract will be linked to global benchmarks and IGX's own index called GIXI.

The new long-duration contracts will have a payment cycle of a fortnight compared to the current 2-3 days, Mediratta said.

Additionally, IGX is considering introducing green certificates for trading, he said, as the government looks to make the usage of 1% compressed bio gas (CBG) mandatory for city gas sellers.

"If a city gas distributor doesn't have a CBG plant, they can buy these certificates. Trading will also encourage compressed bio gas production," he said.

IGX has also signed a preliminary agreement with Austria's Central Europeans Gas Hub to explore gas trading opportunities, including those for green gases such as hydrogen and methane.

India wants to raise its share of gas in the domestic energy mix to 15% by 2030 from 6.2% at present.

(Reporting by Nidhi Verma in New Delhi; Editing by Sonia Cheema)

((AshnaTeresa.Britto@thomsonreuters.com;))

Jan 6 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE - DEC ELLECTRICITY TRADED VOLUME UP 29% YOY

• INDIAN ENERGY EXCHANGE - DEC GREEN MARKET ACHIEVES GROWTH OF 236% Y/Y

• INDIAN ENERGY EXCHANGE - IN DEC, IEX TRADES 1.66 MILLION RECS, UP 58% Y/Y

Source text: ID:nBSE8tzV3

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;))

Dec 3 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• ACHIEVES 9,689 MU ELECTRICITY TRADED VOLUME IN NOV'24

Source text: ID:nNSE78QC5p

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds FBI comment paragraph 7, Adani Green statement paragraph 8

NEW DELHI, Nov 27 (Reuters) - Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business.

Adani and his executives have also been accused of making false and misleading statements to investors and lenders in the United States regarding the company's anti-bribery commitments and practices while raising money from them.

Adani Group denied the allegations as "baseless", while Indian government officials haven't commented so far.

Here is an overview of the investigation and allegations revealed in the U.S. indictment:

WHAT ARE THE MAIN ALLEGATIONS?

U.S. prosecutors charged Gautam Adani, his nephew Sagar Adani who is director at Adani Green, and six others in running an alleged bribery scheme related to renewable energy projects in India that benefitted the tycoon's company and India's Azure Power, which was listed on the NYSE until late 2023.

In 2020, the indictment shows, executives of Adani Green and Azure "knowingly and wilfully conspired" and agreed to "corruptly" offer, authorise and pay bribes to government officials in India to "obtain or retain business advantages".

"Gautam S. Adani and seven other business executives allegedly bribed the Indian government to finance lucrative contracts," said FBI Assistant Director in Charge James E. Dennehy.

Adani Green on Nov. 27 said Gautam Adani has been charged on three counts in the criminal indictment for alleged securities fraud conspiracy, wire fraud conspiracy and securities fraud, but not the U.S. Foreign Corrupt Practices Act.

Between 2021 and 2024, Adani raised more than $3 billion in loans and bonds, including from investors in the United States.

"Gautam and Sagar Adani were engaged in the bribery scheme during a September 2021 note offering by Adani Green that raised $750 million, including approximately $175 million from U.S. investors," the U.S. Securities and Exchange Commission said.

The Adanis earlier this year made misleading statements to the public, the Indian stock exchange and investors despite being made aware of the U.S. investigation in 2023, the prosecutors alleged.

HOW WERE BRIBES TRACKED, PAID?

Sagar Adani, executive director of Adani Green and nephew of Gautam Adani, used his mobile phone to track details of the bribes offered to Indian officials, U.S. authorities alleged.

In a meeting between some Adani and Azure executives in 2022, Gautam Adani detailed aspects of the bribery scheme including steps he personally took to offer money to government officials, the U.S. authorities said.

Executives from Azure also prepared an analysis using Excel and PowerPoint to summarise the different ways in which it could repay Adani Green for the bribes it had paid to benefit both companies. For one of the projects of 2.3 gigawatts of power, the bribe was calculated at around $30,000 per megawatt.

One way discussed was to describe the payment internally at Azure as a "development fee", but it instead used another option of getting Azure to transfer one of its projects to Adani in lieu of part of the payment, U.S. authorities alleged.

Azure in a statement said former officers of the company referenced in the U.S. indictment were no longer associated with the company, and the company continued to cooperate with U.S. authorities.

WHAT WERE THE POWER PROJECTS IN QUESTION?

U.S. authorities called the dealings in their indictment "The Corrupt Solar Project".

Between 2019 and 2020, Adani Green and Azure were awarded renewable energy tenders by Solar Energy Corporation of India (SECI), a federal government-owned entity.

U.S. authorities alleged Adani and others devised a scheme to bribe Indian state officials to enter into agreements with SECI, "which would benefit" Adani subsidiaries and Azure.

Adani facilities in Rajasthan and Gujarat states in India supplied the power contracted in the Adani deals. One of those marquee projects is the Adani energy park in Khavda , which the company says is the world's biggest renewable energy project.

HOW DID U.S. FEDERAL AGENTS INVESTIGATE, SEIZE EVIDENCE?

In March 2023, FBI special agents approached Sagar Adani with details of the grand jury's ongoing investigation into the group and other entities. They took custody of electronic devices in Sagar's possession and served him with a search warrant and grand jury subpoena.

The search warrant identified offences, individuals and entities under investigation by the U.S. for violations of the Foreign Corrupt Practices Act, securities fraud, and wire fraud.

WHAT'S NEXT FOR THE ADANI GROUP?

Adani Group in a statement said it would seek "all possible legal recourse". The grand jury in its order said if any of the executives were found guilty of the charges they would have to forfeit any property or proceeds derived directly or indirectly as a result of the offences.

Federal prosecutors have also issued arrest warrants for Gautam and Sagar Adani. The U.S. Securities and Exchange Commission has issued summons to Gautam Adani and his nephew Sagar to answer the allegations.

Gautam and Sagar have not been arrested and their whereabouts are unknown, though they are believed to be in India.

(Reporting by Aditi Shah and Aditya Kalra; Editing by Mark Potter)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

Adds details from the indictment in paragraphs 13-14, further graphic

NEW DELHI, Nov 21 (Reuters) - Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business.

Adani Group denied the allegations as "baseless", while Indian government officials haven't commented so far.

Here is an overview of the investigation and allegations revealed in the U.S. indictment:

WHAT ARE THE MAIN ALLEGATIONS?

U.S. prosecutors charged Gautam Adani, his nephew Sagar Adani who is director at Adani Green, and six others with alleged bribery and fraud related to renewable energy projects in India that benefitted the tycoon's company and India's Azure Power, which was listed on the NYSE until late 2023.

In 2020, the unsealed indictment from Wednesday shows, executives of Adani Green and Azure "knowingly and wilfully conspired" and agreed to "corruptly" offer, authorise and pay bribes to government officials in India to "obtain or retain business advantages".

Adani and his executives have also been accused of making false and misleading statements to investors and lenders in the United States regarding the company's anti-bribery commitments and practices while raising money from them.

Between 2021 and 2024, Adani raised more than $3 billion in loans and bonds, including from investors in the United States.

"Gautam and Sagar Adani were engaged in the bribery scheme during a September 2021 note offering by Adani Green that raised $750 million, including approximately $175 million from U.S. investors. The Adani Green offering materials included statements about its anti-corruption and anti-bribery efforts that were materially false or misleading," the U.S. Securities and Exchange Commission said.

The Adanis earlier this year made misleading statements to the public, the Indian stock exchange and investors despite being made aware of the U.S. investigation in 2023, the prosecutors alleged.

HOW WERE BRIBES TRACKED, PAID?

Sagar Adani, executive director of Adani Green and nephew of Gautam Adani, used his mobile phone to track details of the bribes offered to Indian officials, U.S. authorities alleged.

In a meeting between some Adani and Azure executives in 2022, Gautam Adani detailed aspects of the bribery scheme including steps he personally took to offer money to government officials, the U.S. authorities said.

Executives from Azure also prepared an analysis using Excel and PowerPoint to summarise the different ways in which it could repay Adani Green for the bribes it had paid to benefit both companies. For one of the projects of 2.3 gigawatts of power, the bribe was calculated at around $30,000 per megawatt.

One way discussed was to describe the payment internally at Azure as a "development fee", but it instead used another option of getting Azure to transfer one of its projects to Adani in lieu of part of the payment, U.S. authorities alleged.

Azure in a statement said former officers of the company referenced in the U.S. indictment were no longer associated with the company, and the company continued to cooperate with U.S. authorities.

WHAT WERE THE POWER PROJECTS IN QUESTION?

U.S. authorities called the dealings in their indictment "The Corrupt Solar Project".

Between 2019 and 2020, Adani Green and Azure were awarded renewable energy tenders by Solar Energy Corporation of India (SECI), a federal government-owned entity.

The project involved building solar plants in several Indian states.

U.S. authorities alleged Adani and others devised a scheme to bribe Indian state government officials to enter into agreements with SECI, "which would benefit" Adani subsidiaries and Azure.

HOW DID U.S. FEDERAL AGENTS INVESTIGATE, SEIZE EVIDENCE?

In March 2023, FBI special agents approached Sagar Adani with details of the grand jury's ongoing investigation into the group and other entities. They took custody of electronic devices in Sagar's possession and served him with a search warrant and grand jury subpoena.

The search warrant identified offences, individuals and entities under investigation by the U.S. for violations of the Foreign Corrupt Practices Act, securities fraud, and wire fraud.

WHAT'S NEXT FOR THE ADANI GROUP?

Adani Group in a statement said it would seek "all possible legal recourse".

Indian lawyers said there was a possibility the matter could be settled between the Indian tycoon and U.S. authorities, and the billionaire can also seek a dismissal of the indictment.

Debopriyo Moulik, a criminal lawyer in New Delhi, said that since an arrest warrant had been issued by U.S. authorities, they would have to approach the Indian government through the Indian embassy to execute it.

The grand jury in its order said if any of the executives were found guilty of the charges they would have to forfeit any property or proceeds derived directly or indirectly as a result of the offences.

(Reporting by Aditi Shah and Aditya Kalra. Editing by Mark Potter)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

Oct 24 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.08 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.39 BILLION RUPEES

Source text for Eikon: ID:nBSE9dDVDp

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

Oct 7 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• 11,370 MU TOTAL VOLUME IN SEP'24, UP 24% Y/Y

Source text for Eikon: ID:nBSE2rSgHF

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;))

Updates with report on government's market coupling plan

* Indian Energy Exchange Ltd IIAN.NS down as much as 13% to 209.05 rupees

* ET Now reports that India government plans to implement market coupling in power exchanges, citing sources

* Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges

* Report says market coupling is anticipated to hit the market dominance of IIAN

* 2 mln shares traded in 6 block deals, at a discount between 3.4% to 6.9% to Monday's close, LSEG data shows

* Overall 101 mln shares traded, 6.7X 30-day avg

* Co top pct loser in NIFTY 500 index .NIFTY500

* IIAN up ~32% YTD vs ~25% gains in NIFTY500

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

** Shares of Indian Energy Exchange IIAN.NS rise as much as 3.7% to highest since April 28, 2022 at 219.6 rupees

** Antique Stock Broking raises price target to 262 rupees/shr from 219 rupees/shr, representing 23.6% upside to stock's last close

** Maintains "buy" rating

** Over the mid to long term, uptick in renewable power offers continuous opportunity for volume uptick for power exchanges in India - Antique

** IIAN set to rise for a fourth straight month, after gaining 33% in the last three months

** Avg rating of 9 analysts is "hold"; median PT is 195 rupees, ~8% lower than current price - LSEG data

** Stock last up 3.4%, extending YTD gains to 30.4%

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com ;))

Sept 3 (Reuters) - Indian Energy Exchange Ltd IIAN.NS:

• INDIAN ENERGY EXCHANGE LTD - IEX ACHIEVES 12,040 MU TOTAL VOLUME IN AUGUST'24

Source text for Eikon: ID:nBSE4VzKdG

Further company coverage: IIAN.NS

((Reuters.Briefs@thomsonreuters.com;))