IGX Trading Volume Soars 480% on Power Plant Demand Surge

12 Jun 2024 CW Team

India Gas Exchange (IGX) has reported a substantial increase in trading volume, marking a 480% rise compared to the previous year. This surge is attributed to heightened demand from power plants, underscoring a significant shift towards natural gas as a preferred fuel source for electricity generation.

The spike in trading activity on IGX reflects growing reliance on natural gas to meet energy needs efficiently and sustainably. Power plants, in particular, are increasingly turning to natural gas due to its cleaner emissions profile and operational flexibility, aligning with India's commitment to reducing carbon footprint and enhancing energy security.

According to industry experts, the surge in IGX trading volume also indicates a maturing market for natural gas in India, supported by infrastructure expansion and policy initiatives promoting gas-based economy. The government's push for cleaner energy sources and diversification of fuel mix further bolster the demand outlook for natural gas in the country.

The increased trading on IGX not only supports price discovery mechanisms but also fosters competition among market players, driving efficiency and transparency in the natural gas sector. It underscores the role of exchanges in facilitating liquidity and enabling market participants to hedge risks effectively.

In conclusion, IGX's significant increase in trading volume, fueled by heightened demand from power plants, underscores the pivotal role of natural gas in India's energy landscape. The trend highlights a growing preference for cleaner and more sustainable energy solutions amid evolving market dynamics.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..