Filing of petition for development of new Power Exchange in India

BSE along PTC India Limited and ICICI Bank Limited  filed a petition with the power market regulator, CERC (Central Electricity Regulatory Commission) on September 7, 2018 for grant of license for setting up a new power exchange.

This proposed institutional exchange, subject to necessary regulatory approvals, would leverage on the experience and expertise of its stakeholders in their fields, knowledge of the power sector, funding of power projects and associated infrastructure, setting-up and running various exchanges and platforms in India, and offer the market participants a credible power trading platform.

Shares of BSE closed at Rs 734.05 down by 0.24 per cent per share on the NSE. While BSE Sensex closed at 37,922.17 level, down by 1.22 per cent and Nifty50 closed at 11,438.10, down by 1.30 per cent.