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Indian Energy Exchange (IEX) rose 1.77% to Rs 347.40 after the company said its power market traded highest ever monthly volume of 8249 MU, achieving 92% YoY growth in March 2021 on increased consumption of electricity.Spurred by the increasing demand for electricity across the various states, the electricity market at IEX achieved an all-time high volume of 8248.52 MU in the month of March 2021 surpassing all the previous milestones. The robust volumes led to a 92% YoY growth in electricity market during the month.
Cumulatively for the fiscal year ended March 2021, the exchange market performed well despite the COVID-19 induced lock-down. The electricity market achieved all time high volume of 73,941 MU during the year, leading to 37.2% year on year growth. The new market segments introduced during fiscal year 2021 - the real time market as well as the green market, made 14% contribution to the volume traded during the year.