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IEX Share Price Crashes 28%, Hits Lower Price Band. What's Behind the Fall?
INDIA, JUL 24 – The phased market coupling will unify power exchanges’ prices and improve efficiency in India's electricity trading, with a 0.3% welfare increase seen in pilot runs, regulators said.
- On Thursday, July 24, Indian Energy Exchange Ltd sank to its lower circuit, after CERC approved phased market coupling for DAM.
- In an order dated July 23, CERC directed round-robin DAM coupling by January 2026, building on a shadow pilot begun February 6, 2024 after four months of trial runs.
- Market coupling will aggregate bids from all exchanges, with bids centrally matched for a uniform market-clearing price and Grid-India as backup.
- The sell-off came just hours before IEX’s Q1FY26 results, with the counter hitting Rs 169.10 on a no-buy, 4.2 crore sell orders flood, occurring prior to earnings.
- By January 2026, India’s three power exchanges—including PXIL and HPX—will rotate as MCO, reshaping operations, settlement and volumes.
15 Articles
15 Articles
IEX Share Price: Stock tumbles 10% post CERC's market coupling move - Check details
Indian Energy Exchange Ltd (IEX) shares tanked 10 per cent in the opening session on Thursday, July 24, 2025, after the power regulator, Central Electricity Regulatory Commission (CERC), approved the rollout of market coupling in a phased manner. The counter hit the lower circuit of Rs 169.10 as it declined 10 per cent as soon as the market opened for trading. The counter had closed at Rs 187.85 on the BSE in the last trading session. The counte…
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IEX Share Price Crashes 30% Intraday as Market Coupling Triggers Panic Selloff
Indian Energy Exchange (NSE: IEX) shares came under heavy fire on Friday, tanking nearly 30% intraday to trade at ₹145.30. The sharp drawdown follows the Central Electricity Regulatory Commission’s (CERC) approval of market coupling, a major structural change expected to reshape how electricity prices are discovered across exchanges. The decision threatens IEX’s core business model, which has historically capitalized on premium pricing due to it…
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