Indian Energy Exchange Ltd. · NSE:IEX
Indian Energy Exchange — Investor Presentation (July 2026)
49 slides from Indian Energy Exchange's investor presentation, Jul 24, 2026
Slide 1: Intimation of Investor Presentation Analyst Meet 2026
Dated: July 24, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1 Dalal Street G Block, Bandra Kurla Complex Mumbai- 400001 Bandra (E), Mumbai-400 051 Sc
Slide 2: Indian Energy Exchange Analyst Meet 2026
IEX INDIAN ENERGY EXCHANGE Analyst Meet • 2026 •
Slide 3: One Group. Multiple Exchanges. Infinite Opportunity.
IEX Analyst AnalystMeet Meet 24th July July2026 2026 One Group. One Group. Multiple Exchanges. Exchanges. Infinite Opportunity. Infinite Opportunity.
Slide 4: Who We Are - Group IEX
Who We Are - Group IEX INDIAN ENERGY EXCHANGE India’s Energy Exchange Ecosystem INNOVATION TECHNOLOGY FUTURE 74 IEX )INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE • Est. 2008, Publicly Listed 2017 • India’s Premier Power Exchange, 9,100+ Participants • FY26: Electricity Volumes - 141 BU Consol
Slide 5: The Opportunity Canvas
The Opportunity Canvas IEX ,N D I AN ENERGY EXCHANGE Key Growth Drivers Shaping India’s Energy Markets INNOVATION TECHNOLOGY FUTURE • Electrification of the Economy .•;=:) .) INDIAN ENERGY EXCHANGE • Per Capita Electricity Consumption - 2,000 kWh (2030); 4,000 kWh (2047) INNOVATION TECHNOLOGY FUTURE
Slide 6: Indian Energy Exchange
IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Indian Energy Exchange Business Overview, Growth Drivers and Performance 4
Slide 7: Power Sector Summary
Power Sector Summary IEX INDIAN ENERGY EXCHANGE Cleaner Generation, Stronger Grid and Healthier Distribution INNOVATION TECHNOLOGY FUTURE Generation Mix Transmission Distribution & Consumption Indian Generation Mix: FY’26 World’s Largest Network Reforms Underway Others 2% Nuclear Hydro 9% 3% • Inter
Slide 8: Energy Sector Transition
Energy Sector Transition I EX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE From 533 GW Today to 958 GW by FY’32 : Renewables Take the Lead Nuclear 16 GW 2% Nuclear 9GW 2% Thermal Cap 311 GW 32% Thermal Cap RE & Hydro 249 GW 275 GW 47% RE & Hydro 51% 631 GW 66% FY’26 Installed Capacity FY’32 C
Slide 9: Energy Sector Transition: Four Structural Forces
Energy Sector Transition IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Four Structural Forces Reshaping India’s Power Markets Technology Progress Changing Preferences • Low Carbon Technologies – Wind, • PM Surya Ghar Yojana Solar, Hybrid • Shift Towards RE and Storage • Falling RE & batter
Slide 10: Our Company
Our Company IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE India's first and largest power exchange Robust Ecosystem ➢ Nation wide, Automated and Transparent Trading Platform for Physical Delivery of Electricity, Renewables & Certificates 9,100+ 5,300+ ~3,000 ➢ Commenced Operations in 2008;
Slide 11: IEX Product Timeline
Product Timeline IEX Product IEX Timeline 111 I EX IND IAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE 2008 2009 2011 2017 2020 2021 2022 2023 (In Pipeline) • Energy Saving • Real-Time • Cross-Border Term-Ahead • High Price • Green RTM Day-Ahead Term-Ahead Renewable Day-Ahead Market Electricity Mar
Slide 12: IEX Product Mix
IEX Product Mix IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE RTM Share Increased from 20% to 34% in 4 years Certificates 12% In FY’16 DAM was 95% of Total Electricity and now 39% Green 7% 5-Year RTM CAGR Growth of 42%; Slated to Overtake DAM Share 60 41.0% 45% RTM Volume (BUs) 40% TAM DAM
Slide 13: Growth Driver 1: Demand Increase
Growth Driver 1: Demand Increase IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE High GDP Growth, Electrification Compounding Power Demand – Govt Target of Per Capita Electricity Consumption 4,000 kWh by 2047 3,100 300 2,700 2,600 250 India placed as most promising global economy ✓ High GDP
Slide 14: Growth Driver 2: Optimisation Potential
Growth Driver 2: Optimisation Potential IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Portfolio Optimization by C&I, DISCOMS Replacing Costlier Power • Long Term PPA of Discoms have a Two-Part Tariff Structure ✓ Fixed Cost which is to be Paid Annually for Capacity and Variable 6.0 Cost for
Slide 15: Growth Lever 3: Structural Load Shifts and Regional Diversity
Growth Lever 3: Structural Load Shifts and Regional Diversity IEX INDIAN ENERGY EXCHANGE Demand Shift to Improve Volume Clearance on Exchange INNOVATION TECHNOLOGY FUTURE Load Shifting and Time of Day Tariff Regional Diversity IEX Demand Profile Shifting Agriculture Load Consumption BOOK • North Ind
Slide 16: Growth Lever 4: Increasing Sell Side Liquidity
Growth Lever 4: Increasing Sell Side Liquidity IEX INDIAN ENERGY EXCHANGE Capacity Augmentation and Fuel Supply to Keep Surplus Power Flowing to IEX INNOVATION TECHNOLOGY FUTURE Source-wise Projected Installed Capacity Requirement (GW) FY’32 Thermal Capacity and Coal Supply 958 1,000 871 • Thermal C
Slide 17: Growth Lever 5: New Market Models
Growth Lever 5: New Market Models IEX INDIAN ENERGY EXCHANGE BESS & PSPs to Absorb Surplus Solar-Hour Supply, and Supply During Non-Solar Hours INNOVATION TECHNOLOGY FUTURE 12th May'26 15th Jan'26 Excess Supply During Solar Hours Leads To: ✓ Low Market Clearing Price and High Uncleared Sell Volume ✓
Slide 18: Growth Lever 5: Govt Push on Addition of BESS & PSPs
Growth Lever 5: New Market Models IEX INDIAN ENERGY EXCHANGE Govt Push on Addition of BESS & PSPs INNOVATION TECHNOLOGY FUTURE • Targeted Addition of BESS (FY32): 37 GW/147 GWh (CEA) • Targeted Addition of PSP (FY32): 44 GW/ 236 GWh (CEA) • Financial Support of Rs 9,160 Cr has been Ear-marked for BE
Slide 19: Growth Lever: FDRE & RTC Tenders
Growth Lever 5 : New Market Models IEX INDIAN ENERGY EXCHANGE FDRE & RTC Tenders Deepen Sell and Buy Liquidity; Structural Volume Upside for IEX INNOVATION TECHNOLOGY FUTURE Jan April ✓ Discoms Moving Towards Firm RE or Peak Supply from RE 1500 1500 1000 Sources (RE + Storage) 1000 500 500 o Discoms
Slide 20: Growth Lever 5: Innovative Market Mechanisms
Growth Lever 5 : New Market Models IEX INDIAN ENERGY EXCHANGE Innovative Market Mechanisms to Enhance market Liquidity & flexibility INNOVATION TECHNOLOGY FUTURE CFD: SECI Recently Launched Contract for Difference pilot (500 MW) which gives RE Generators Price Certainty, Helping Them Secure Financin
Slide 21: Growth Lever 6: New Products and Policy Initiatives
Growth Lever 6: New Products and Policy Initiatives IEX INDIAN ENERGY EXCHANGE Green RTM, Peaking Contracts, 11-month LDC to Widen IEX’s Addressable Market INNOVATION TECHNOLOGY FUTURE ➢ Filed Petition in CERC for Launching Green RTM Green RTM ➢ Additional Market for RE Developers, Obligated Custome
Slide 22: Growth Lever 7: Policy Initiatives
Growth Lever 7: Policy Initiatives IEX INDIAN ENERGY EXCHANGE Other Market Transformation Drivers INNOVATION TECHNOLOGY FUTURE Draft National Electricity Policy (NEP) 2026 Draft Electricity (Amendment) Bill, 2025 Market Deepening: Larger role for power exchanges System Modernisation: Focus on resour
Slide 23: Growth Driver 8: Roadmap for Deepening Market
Growth Driver 8: Roadmap for Deepening Market IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE MoP's 2023 roadmap, steadily expanding what trades on exchanges Short Term Medium Term Long Term (up to 1 year) (1 -2 years) (2 years and beyond) • Market based Ancillary • Increase share of RE addi
Slide 24: Market Coupling Update
Market Coupling Update IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE • CERC issued order dated July 23rd, 2025, on market coupling in which the regulator decided to initiate the process of implementation of market coupling of Day Ahead Market in January 2026 • IEX challenged above order da
Slide 25: Market Coupling Update
Market Coupling Update IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE • CERC invited stakeholder comments on the Draft till June 5th 2026 and public hearing conducted on June 10th 2026 • Grid India made following observations: o Clarification on Scope of Market Coupling is required. Regulat
Slide 26: Customer Centricity – Creating Customer Value
Customer Centricity – Creating Customer Value IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Mu/ DISCOMs: Power procurement cost optimisation, benchmarking & capacity-building C&I Consumers: Green energy access, open access facilitation & cost savings RE Generators: Merchant sale through gr
Slide 27: Technology powered Customer Centric Solutions
Technology powered Customer Centric Solutions IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE ➢ Automated Bidding through APIs • 72% of the Cleared Volume in I-DAM contributed by Members using the Bidding APIs ➢ Real-time and Automated Trade Reports through APIs • Easy integration with the F
Slide 28: Technology powered Customer Centric Solutions
Technology powered Customer Centric Solutions IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Current Electricity Price for Region N3 on Bid Data Analytics 20-Jul-2026 • Clearing Price Insights • Real Time RTM Session Price trend with DAM • Cleared Bids (Buy / Sell) Insights • Un-cleared Bid
Slide 29: Platform – Secure, Intelligent, Resilient, and Scalable
Platform – Secure, Intelligent, Resilient, and Scalable IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE ➢ Bid Data Security for Members to ensure complete confidentiality of Bid data for our Members during the Bidding • Encryption in Communication • Encryption in Database ➢ Défense in Depth
Slide 30: Platform – Secure, Intelligent, Resilient, and Scalable
Platform – Secure, Intelligent, Resilient, and Scalable IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE ➢ Artificial Intelligence (AI) adoption to enhance Customer Value and Enterprise wide Productivity • AI Bidding Assistant for Discoms (in progress) • Auto Bidder Solutions for Consumer and
Slide 31: Indian Gas Exchange
IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE In this presentation: Indian Gas Exchange 29
Slide 32: Indian Gas Exchange
Indian Gas Exchange IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Physical Delivery based Gas Exchange IGX traded-volume trend (Mn MMBTU) Delivery Network : 6 Regional Gas Hubs Operating under PNGRB’s Gas Exchange Regulations, West, South, East, North, Central, North-East 2020 Spot: Intrad
Slide 33: Indian Coal Exchange
IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE In this presentation: Indian Coal Exchange 31
Slide 34: Coal Exchange: Final Rules
Coal Exchange : Final Rules IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE ➢ Ministry of Coal notified the Rules for Coal Exchange on 4th June 2026 ➢ As per the Final Rules, existing E-Auction Platforms and Marketplaces are allowed to operate only upto 6 months from the operationalization o
Slide 35: Coal Generation Growth to Continue
Coal Generation Growth to Continue IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Coal Demand (Million Tonnes) Captive and Commercial Coal SPOT Market Volume (Million Production (Million Tonnes) Tonnes) 2000 500 250 1650 350 ■ ■ 1 1200 150 200 100 FY-26 FY-30 FY-35 FY-26 FY-30 FY-35 FY-26 F
Slide 36: CSR/Financial Performance/Investment Thesis
IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE In this presentation: CSR/Financial Performance/Investment Thesis 34
Slide 37: CSR Initiatives – Creating Impact Beyond Business
I EX CSR Initiatives – Creating Impact Beyond Business INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE ---. ',. '-' --, , . _, .JE$ ,60 . ,....,....... do Or, ;', ' - --- -. . • : .iio.. ..i, thOO OM VE110111M12 '72 s'i - - .,,v._...,. ,... Iliw • En .....: '" . *••401.114,KamsHc.,E 1;nit ......
Slide 38: Robust Performance
Robust Performance IEX INDIAN ENERGY EXCHANGE Total Income (INR Cr) INNOVATION TECHNOLOGY FUTURE Operating Revenue (INR Cr) ■ Operating Revenue Treasury Income +15% +16% 745 608 654 535 551 449 474 401 535 608 +10% +11% 449 401 183 201 140 156 140 156 73 102 119 137 43 45 FY23 FY24 FY25 FY26 Q1FY26
Slide 39: EPS and Expenses Performance
EPS and Expenses Performance IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Net Worth (INR Cr) EPS (INR) +18% +18% +19% 5.33 1,307 1,433 4.66 1,098 1,211 3.84 948 3.27 784 +12% 1.27 1.42 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 Return on Equity (ROE) (%) Cash Payo
Slide 40: PAT Summary
PAT Summary IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE CONSOLIDATED PAT · FY26 17.2% 493 Cr PAT CAGR, FY23–FY26 • IEX FY26 PAT 474 Cr 17.0% CAGR · FY23–FY26 Core exchange, steady compounding • IGX FY26 PAT 42 Cr 14.4% CAGR · FY23–FY26 Fastest-scaling profit pool • ICX FY26 PAT 5 Cr PAT-
Slide 41: The Next Phase of Growth for IEX is Broader
The Next Phase of Growth for IEX is Broader IEX INDIAN ENERGY EXCHANGE India’s electricity markets are deepening structurally and IEX will capture a prominent share INNOVATION TECHNOLOGY FUTURE Structural Demand ➢ India's power demand set to 1.5x by 2032 Boom ➢ Electrification, data centers, EVs, Ai
Slide 42: Thank You
QIEX INNOVATION TECHNOLOGY FUTURE Thank You
Slide 43: Question and Answers
Question and and Answers Answers
Slide 44: Annexure
QIEX INNOVATION TECHNOLOGY FUTURE Annexure
Slide 45: Case Studies
Case Studies Case ,IEX N D I AN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE , , Power exchanges turn into Telangana Discerns Achieve Choral Power WBSEDCL Achieves Significant Cost Savings Through BOURSES FIND ALARGERROLEAS POWERDEMANDSCALESRECORD HIGHS Corporation Limited (UPCL) revenue engines for
Slide 46: Cost Optimisation: Telangana
Cost Optimisation: Telangana (II EX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Telangana Discoms Achieve Cost Savings of INR 700 Crore Through Data-driven Power Exchange Strategy Telangana Discoms capitalised very efficiently on these competitive prices and optimised its power procurement c
Slide 47: Cost Optimisation: UPCL
Cost Cost Optimisation: Optimisation:UPCL UPCL INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE Power exchanges turn into rUttarakhand Power RTs ftszo-ciT Corporation Limited (UPCL) revenue engines for states deploys innovative power wfl-.4RII<T4V;i4-co - c415t1 1”,, Trim INSTEAD OF OPERATING hig
Slide 48: Cost Optimisation: West Bengal
Cost Optimisation: Optimisation: West West Bengal Bengal (eL.,,, I E X INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE WBSEDCL Achieves Significant Cost Savings Through Data-Driyen Power Exchange Strategy Kolkata : India's electricity by West Bengal State Electricity WBSEDCL capitalised on these
Slide 49: Cost Optimisation: Punjab
Cost Optimisation: Punjab Punjab sets new benchmark in electricity procurement through power exchanges: IEX INDIAN ENERGY EXCHANGE INNOVATION TECHNOLOGY FUTURE driving optimisation and profitability PUNJAB EXPRESS BUREAU to take benefit of surplus Chandigarh, November 24 and cost-effective solar pow
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