| Power Exchange | Electricity trading in Day-Ahead, Real-Time, Term-Ahead markets; Renewable and Energy Saving Certificates trading; ancillary services. | Regulated monopoly with 98% market share, advanced technology platform, strong brand and regulatory approvals. | B2B clients including utilities, industrial consumers, renewable generators, and power distribution companies. | Renewable energy certificates and ancillary services segments have higher margin due to specialized offerings. | 477 | 98 | Transaction fees, membership fees, and settlement services. | Primarily volume-based transaction fees with some fixed membership and service charges. | Rising electricity demand, renewable energy integration, regulatory support, and expansion of market products. | IEX Power Exchange |
| Gas Exchange | Trading platform for natural gas contracts across multiple delivery hubs and contract types. | First mover advantage in regulated natural gas trading with expanding membership and contracts. | B2B including gas producers, distributors, and large consumers. | Gas trading volumes and value-added services. | 9 | 2 | Transaction fees from gas trading activities. | Fee-based on traded volume and membership. | Government push for natural gas usage, infrastructure development, and increasing gas consumption. | Indian Gas Exchange (IGX) |
