IEX Posts Record FY 2026 Volume And Lower Power Prices

08 Apr 2026 CW Team

Indian Energy Exchange reported record traded electricity volume of 141 billion (bn) units in fiscal year 2026, representing a seventeen per cent year on year increase. The exchange also recorded the highest annual renewable energy certificate trade at 18.72 million (mn) RECs, up five per cent on the prior year. Average day ahead market clearing price for the fiscal year fell to Rs three point eight six per unit, a decline of thirteen point seven per cent.\n\nFor the fourth quarter the platform achieved a quarterly record of 39.4 bn units, marking a twenty four point three per cent increase year on year, and traded seven point one seven mn RECs in the period, up six point one per cent. Monthly volumes reached a record in March with 13.90 bn units, an increase of twenty three point five per cent year on year, and REC trade for the month was two point eight nine four mn, a sharp rise.\n\nThe real time electricity market expanded strongly to 54.85 bn units for the fiscal year, growing forty one per cent, while the day ahead market delivered 62.78 bn units, registering modest growth. Day ahead contingency and term ahead contracts totalled 12.72 bn units for the year, rising eight per cent, though the segment saw a decline in the quarter and in March. Enhanced wind, hydro and solar generation together with steady coal based supply were cited as contributing to higher supply liquidity on the exchange.\n\nThe green market volumes increased by twenty three per cent to 10.78 bn units and the weighted green day ahead price for the fiscal year fell to Rs three point five nine per unit. REC trading sessions in March cleared at Rs 340 per certificate and further sessions were scheduled in April. The exchange continues to position itself as a nationwide automated trading platform promoting transparency and efficiency in electricity and renewable markets.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..