IEX’s Strategic Move: Divesting IGX Stake to Indian Oil Corporation

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IEX Divests 4.93% Stake in IGX to Indian Oil Corporation: A Strategic Move

The Indian Energy Exchange (IEX), India’s premier energy exchange, has announced the divestment of a 4.93% equity stake in the Indian Gas Exchange (IGX) to the Indian Oil Corporation. This strategic move marks a significant milestone in the evolution of India’s energy sector.

The Stakeholders

The IEX and the National Stock Exchange (NSE) are the promoters of IGX, a gas exchange platform established to promote gas trading in India. The platform has attracted strategic investments from several key players in the energy sector, including GAIL (India) Ltd, ONGC Ltd, Torrent Gas Pvt Ltd, and Adani Total Gas Ltd.

The divestment of the 4.93% equity stake by IEX to Indian Oil Corporation is a strategic move that is expected to strengthen IGX’s position in the market. As India’s largest oil refining and fuel marketing firm, Indian Oil Corporation brings significant expertise and resources to the table.

The Vision & Future

The government of India has set a vision to increase the share of gas in the country’s energy mix to 15% by 2030. This partnership between IEX and Indian Oil Corporation aligns perfectly with this vision. It is expected that Indian Oil Corporation, with its diversified presence across oil, gas, petrochemicals, and fertilizer segments, will contribute significantly to building the gas market in India.

The partnership between IEX and Indian Oil Corporation is expected to benefit the entire gas sector. With Indian Oil Corporation’s comprehensive presence in gas marketing - from LNG terminals and pipeline network to gas retailing through the City Gas Distribution (CGD) network - this partnership is a step towards ensuring the availability of gas across the nation at competitive prices.

In conclusion, the divestment of a 4.93% equity stake by IEX to Indian Oil Corporation is more than just a business transaction. It represents a strategic partnership aimed at building a vibrant gas market in India. As we move towards a future where sustainable and clean energy sources become increasingly important, such partnerships will play a crucial role in shaping India’s energy landscape.


Keywords: Indian Energy Exchange, Indian Gas Exchange, Equity Stake, Divestment, Indian Oil Corporation, Strategic Move, Energy Sector, Stakeholders, National Stock Exchange, Gas Trading, Strategic Investments, GAIL India Ltd, ONGC Ltd, Torrent Gas Pvt Ltd, Adani Total Gas Ltd

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