IEX share price slumps 10% prior to power minister meeting stakeholders on market coupling
IEX share price: The shares of Indian Energy Exchange (IEX) dipped before the meeting of the power minister with stakeholders regarding market coupling scheduled for Wednesday. Power Minister Manohar Lal may hold discussions with stakeholders about this topic to inform them of the advantages of market coupling, sources within the government have shared with CNBC-TV18, according to their report.
As reported, sources informed CNBC-TV18 that any future market coupling will occur via a broad bid rather than through internal bidding. Market coupling refers to the consolidation and alignment of buy and sell bids from power exchanges aimed at establishing a uniform price for electricity trading across these exchanges.
On February 21 of this…
