At 9044 MU, the energy company’s overall volume grew by 14.1%. The price of the Day Ahead Market (DAM) DAM dropped by 6% to Rs. 5.1/unit. At 4116 MU, the DAM volume had decreased by 5.25 percent.
Indian Energy Exchange’s share price increased by more than 2.70 percent on the BSE on Friday, May 3, 2024, following the energy company’s announcement in a business update that its total volume had increased by 14.1% year over year (YoY) in April.
The stock, which closed at Rs 156.10 on the previous day, surged to a high of Rs 160.40 on Friday, up 2.75 percent from the previous close.
At 11:48 a.m. on Friday, shares of Indian Energy Exchange were down 0.13 percent, or Rs 0.20, at Rs 155.90.
April business
April business update from Indian Energy Exchange (YoY)
At 9044 MU, the energy company’s overall volume grew by 14.1%. At 4116 MU, the DAM volume had decreased by 5.25 percent.
Price reduction for renewable energy certificates (RECs): Rs 204/REC instead of Rs 1,000
To 618 MU, the REC volume jumped by 211%.
TAM rose to 1276 MU, a 51.7% increase.
The price of the Day Ahead Market (DAM) DAM dropped by 6% to Rs. 5.1/unit.
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