Slides
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Investor Presentation Q2 FY’26
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In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 2
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Power Sector Summary World’s Largest Network Reforms Underway ▪ Thermal generates ~70% of India’s electricity ▪ Renewables contribute ~28% to generation Indian Generation Mix: Apr-Sep FY’26 Generation Mix Transmission Distribution & Consumption • Inter-reg. trans. Cap.: 119 GW (FY’25); 168 GW (FY’32) • 4.94 Lakh CKM of trans. Lines (FY’25); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE rich states; projects for evacuation of RE into National grid • 99.9% times no congestion • Improving credit ratings of distribution companies • Generators being paid on timely basis • DISCOMS resorting to power procurement optimization 3Source: CEA, NLDC, MoP Coal + Lignite 67%Gas + Diesel 2% Solar 8% Wind 8% Hydro 12% Others 0% Nuclear 3%
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Energy Sector Transition Sep’25 Installed Capacity 501 GW 849 GW Nuclear 8GW 2% FY 2030 CEA Projections India achieves 50% share of non-fossil fuel in installed electricity generation capacity 5 years ahead of 2030 target . Thermal Cap 327 38%RE & Hydro 507 60% Nuclear 15 GW 2% 4 Source: CEA; MoP; RE also includes BESS Thermal Cap 245 49%RE & Hydro 247 49%
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Renewables Are Leading Energy Sector Transition Technology Progress • Low Carbon Technologies – Wind, Solar, Hybrid • Falling RE cost driving higher penetration • Falling battery cost helping RE integration • Advanced Analytics Changing Preferences • Shift Towards RE and storage • Electrification of economy – EVs, roof top solar, cooking, railway traction, data centres • Distributed Generation New Market Models • Energy as a service • RE penetration driving new market design – BESS (Price Arbitrage); Firm and Dispatchable RE (FDRE), VPPAs, CfDs • Generation moving closer to consumer (Prosumer), P2P Trading Regulatory Framework • Renewable Purchase Obligations (RPO) • Renewable Consumption Obligations (RCO) • Energy Efficiency Regulations • Green Energy Open Access • Carbon Credit Trading Scheme (CCTS) • Electricity Derivatives Drivers of energy transition 5
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Leading the future of energy with innovation and technology IEX: India’s Premier Technology-led Electricity Marketplace ➢ Nation wide, automated and transparent trading platform for physical delivery of electricity, renewables & certificates ➢ Commenced operations in 2008; CERC regulated ➢ Publicly listed company – 2017 (NSE and BSE) ➢ ISO 9001:2015, ISO 27001:2022, ISO 14001:2015 ➢ State Advisory Committee Member of 13 SERCs ➢ Member holding Board seat in Association of Power Exchanges (APEX) ➢ Electricity Volume: H1 FY26: 67.6 BU (+15.5%); FY25: 121 BU (+18.7%) ➢ Renewable Energy Certificates: H1 FY’26: 97 Lakh (+15.2%); FY’25: 178 Lakh (+136%) ~30% Volume Growth CAGR since 2008 Robust Ecosystem 5,700+ Commercial & Industries 75+ Discoms (All) 200+ ESCert Entities 1,100+ Conventional Generators 2,500+ RE Generators & Obligated Entities 8,500+ Registered participants 20+ Cross Border Portfolios 6
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IEX Product Mix 7 • RTM continues substantial growth of 40% YoY in H1 FY26; RTM share overtakes DAM - first time ever. • Collectives (DAM, RTM, G-DAM) at ~ 78% of volumes. DAM 35% RTM 36% TAM 7% DAC 2% Green 7% Certificates 13% H1 FY’26 - Electricity Volumes: 67.6 BUs; Certificates: 96.9 Lakh
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Stable Prices on IEX, Ample Sell Side Liquidity Demand tepid, up 1.3% in H1 FY’26; Prices declined due to improved (+42%YoY) sell side liquidity 840 886 894 5.53 4.87 4.17 5.22 4.54 3.71 9002,7764,6526,5278,40310,27912,15514,03115,90717,78219,65821,53423,41025,28627,16229,03730,91332,78934,66536,54138,41740,29242,16844,04445,92047,79649,67251,54753,42355,29957,17559,05160,92762,80264,67866,55468,43070,30672,18274,05775,93377,80979,68581,56183,43685,31287,18889,06490,94092,81694,69196,56798,4431,00,3191,02,1951,04,0711,05,9461,07,8221,09,6981,11,5741,13,4501,15,3261,17,2011,19,0771,20,9531,22,8291,24,7051,26,5811,28,4561,30,3321,32,2081,34,0841,35,9601,37,8361,39,7111,41,5871,43,4631,45,3391,47,2151,49,0911,50,9661,52,8421,54,7181,56,5941,58,4701,60,3451,62,2211,64,0971,65,9731,67,8491,69,7251,71,6001,73,4761,75,3521,77,2281,79,1041,80,9801,82,8551,84,7311,86,6071,88,4831,90,3591,92,2351,94,1101,95,9861,97,8621,99,7382,01,6142,03,4902,05,3652,07,2412,09,1172,10,9932,12,8692,14,7452,16,6202,18,4962,20,3722,22,2482,24,1242,26,0002,27,8752,29,7512,31,6272,33,5032,35,3792,37,2542,39,1302,41,0062,42,8822,44,7582,46,6342,48,5092,50,3852,52,2612,54,1372,56,0132,57,8892,59,7642,61,6402,63,5162,65,3922,67,2682,69,1442,71,0192,72,8952,74,7712,76,6472,78,5232,80,3992,82,2742,84,1502,86,0262,87,9022,89,7782,91,6542,93,5292,95,4052,97,2812,99,1573,01,0333,02,9093,04,7843,06,6603,08,5363,10,4123,12,2883,14,1633,16,0393,17,9153,19,7913,21,6673,23,5433,25,4183,27,2943,29,1703,31,0463,32,9223,34,7983,36,6733,38,5493,40,4253,42,3013,44,1773,46,0533,47,9283,49,8043,51,6803,53,5563,55,4323,57,3083,59,1833,61,0593,62,9353,64,8113,66,6873,68,5633,70,4383,72,3143,74,1903,76,0663,77,9423,79,8173,81,6933,83,5693,85,4453,87,3213,89,1973,91,0723,92,9483,94,8243,96,7003,98,5764,00,4524,02,3274,04,2034,06,0794,07,9554,09,8314,11,7074,13,5824,15,4584,17,3344,19,2104,21,0864,22,9624,24,8374,26,7134,28,5894,30,4654,32,3414,34,2174,36,0924,37,9684,39,8444,41,7204,43,5964,45,4724,47,3474,49,2234,51,0994,52,9754,54,8514,56,7264,58,6024,60,4784,62,3544,64,2304,66,1064,67,9814,69,8574,71,7334,73,6094,75,4854,77,3614,79,2364,81,1124,82,9884,84,8644,86,7404,88,6164,90,4914,92,3674,94,2434,96,1194,97,9954,99,8715,01,7465,03,6225,05,4985,07,3745,09,2505,11,1265,13,0015,14,8775,16,7535,18,6295,20,5055,22,3815,24,2565,26,1325,28,0085,29,8845,31,7605,33,6355,35,5115,37,3875,39,2635,41,1395,43,0155,44,8905,46,7665,48,6425,50,5185,52,3945,54,2705,56,1455,58,0215,59,8975,61,7735,63,6495,65,5255,67,4005,69,2765,71,1525,73,0285,74,9045,76,7805,78,6555,80,5315,82,4075,84,2835,86,1595,88,0355,89,9105,91,7865,93,6625,95,5385,97,4145,99,2906,01,1656,03,0416,04,9176,06,7936,08,6696,10,5446,12,4206,14,2966,16,1726,18,0486,19,9246,21,7996,23,6756,25,5516,27,4276,29,3036,31,1796,33,0546,34,9306,36,8066,38,6826,40,5586,42,4346,44,3096,46,1856,48,0616,49,9376,51,8136,53,6896,55,5646,57,4406,59,3166,61,1926,63,0686,64,9446,66,8196,68,6956,70,5716,72,4476,74,3236,76,1996,78,0746,79,9506,81,8266,83,7026,85,5786,87,4536,89,3296,91,2056,93,0816,94,9576,96,8336,98,7087,00,5847,02,4607,04,3367,06,2127,08,0887,09,9637,11,8397,13,7157,15,5917,17,4677,19,3437,21,2187,23,0947,24,9707,26,8467,28,7227,30,5987,32,4737,34,3497,36,2257,38,1017,39,9777,41,8537,43,7287,45,6047,47,4807,49,3567,51,2327,53,1087,54,9837,56,8597,58,7357,60,6117,62,4877,64,3627,66,2387,68,1147,69,9907,71,8667,73,7427,75,6177,77,4937,79,3697,81,2457,83,1217,84,9977,86,8727,88,7487,90,6247,92,5007,94,3767,96,2527,98,1278,00,0038,01,8798,03,7558,05,6318,07,5078,09,3828,11,2588,13,1348,15,0108,16,8868,18,7628,20,6378,22,5138,24,3898,26,2658,28,1418,30,0178,31,8928,33,7688,35,6448,37,5208,39,3968,41,2718,43,1478,45,0238,46,8998,48,7758,50,6518,52,5268,54,4028,56,2788,58,1548,60,0308,61,9068,63,7818,65,6578,67,5338,69,4098,71,2858,73,1618,75,0368,76,9128,78,7888,80,6648,82,5408,84,4168,86,2918,88,1678,90,0438,91,9198,93,7958,95,6718,97,5468,99,4229,01,2989,03,1749,05,0509,06,9269,08,8019,10,6779,12,5539,14,4299,16,3059,18,1809,20,0569,21,9329,23,8089,25,6849,27,5609,29,4359,31,3119,33,1879,35,0639,36,9399,38,815 1.00 2.00 3.00 4.00 5.00 6.00 7.00 H1 FY'24 H1 FY'25 H1 FY'26 Power Consumption (BU) DAM MCP (Rs/unit) RTM MCP (Rs./unit) 8 Source: CEA, IEX
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Growth Levers for IEX Increase in Power Consumption Diversity in Demand/Supply Patterns Re-designing electricity market Energy Transition • Changing Energy Mix and RE Integration • New market models • High GDP growth will drive demand • Electrification of economy – EVs, roof top solar, cooking, railway traction, data centres • CEA Electricity Demand Projections • Diurnal Variation • Seasonal Variation • Geographical Variation • Report on Development of Electricity Market – Roadmap for the future • Electricity sector Moving Away from LT • Optimal Capacity Mix next 5-10 Year • Capacity Contracting Ample Supply Side Availability • Adequate availability of fuels at reasonable prices • New Capacity Addition – Conventional & RE New Products & Regulatory Developments • TAM up to 11 months • Green RTM • Peak Power Contract • LPSC Rules • REC • Optimization potential • Trading of Carbon Credit Certificates 9 (1) (2) (3) (4) (5) (6)
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Growth Driver 1: Demand Increase India placed as the most promising economy on the global map ➢ Industrialization ✓ High GDP growth of about 6-7% expected to drive electricity ✓ Core sector, traction, EV, Roof Top Solar, Data Centres to drive electricity consumption ➢ Consumer Demand Growth ✓ Last mile connectivity – Power on 24x7 basis ✓ AC consumption to grow 9X by 2050 (IEA) ➢ Power Demand Projection ✓ FY 26 onwards – CEA demand growth projections ✓ FY 2030 forecastdemand~2,300 BU ✓ Peak demandof 366 GW by 2032 Strong correlation between IEX electricity volume growth and Power Demand growth with a multiplier of 2.5 over a 10-year period. IEX volumes expected to grow significantly on Business-as-Usual basis. Further growth expected with additional levers. 10 960 1,031 1,091 1,135 1,205 1,268 1,284 1,271 1,374 1,506 1,622 1,694 2,300 31 29 35 41 48 54 56 80 101 103 121 143 0 50 100 150 200 250 300 100 600 1,100 1,600 2,100 2,600 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY30 All India Power Demand (BU) Traded Volumes at PXs (BUs) CEA, CERC MMR FY25
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Growth Driver 2: New Products & Regulatory Developments Optimisation Potential ➢ Trade up to 11 months shall help shift DEEP platform volume to Exchanges; Currently DEEP ~40 BU ➢ Awaiting CERC approval on petition. LPSC Rules ➢ As per LPSC Rules, generators are mandated to offer Un-requisitioned (URS) power on exchanges; State Govt owned generators also to offer URS power. ➢ Additional sell available in both RTM and DAM, expected to increase further. ➢ Opportunity for utilities/C&I to replace high variable cost power by Exchange procurement ➢ Additional buy particularly during solar hours. ➢ Petition in CERC for launching Green RTM heard, public comments closed. Final order reserved. ➢ Additional market for RE developers, obligated customers to meet sustainability goals. REC Potential, VPPAs ➢ REC Fungibility: Single RECs market instead of Solar and Non -Solar segments ➢ Stricter penalties by MoP, under Section 26(3) Energy Conservation Act for non -compliances ➢ Floor price of REC eliminated and fortnightly trading of RECs enabled; REC Inventory ~3.4 crorecertificates ➢ Draft guidelines for Virtual Power Purchase Agreements (VPPAs). Recognize power exchanges as authorized platforms for sale of RE power under VPPAs in collective segment of exchanges. 11 Carbon Markets ➢ CERC issued draft regulations for trading of Carbon Credit Certificates for obligated and non-obligated entities through power exchanges. GEI targets notified for 271 obligated entities across sectors. ➢ Petitionfiledwith CERC for peakDAM and RTM segments to facilitate trading during high-demand hours. 11-Month Contract, Green RTM, Peak Power Contract
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Growth Driver 3: Roadmap for Deepening Market MoP Report of the Group on Development of Electricity Market in India, 2023 Short Term Medium Term Long Term • Market based Ancillary Services • Market based RE • Resource Adequacy & integrated Resource Planning • Implementation of ToD & Demand Response • Increase share of RE addition through Markets • Utility Demand Response • Short Term Capacity Contracts • Market for Secondary Reserves • Overall interaction of Energy & Reserves • Capacity contracts • Demand Response (up to 1 year) (1 -2 years) (2 years and beyond) 12
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Growth Driver 4: Energy Transition • Future demand requirements will predominantly be met through RE sources. • European experience of renewables shows adoption of market-based models increasedRE penetration. • Capacity awarded through CfD auction in UK stands at 35 GW and Germany at 15 GW. • Market penetration accelerated after RE share crossed 20%. • India currently stands where Europe was in 2010 in terms of market & RE penetration. Market Models to support Energy Transition Firm Dispatchable RE, Round the Clock RE (FDRE & RTC) Battery Energy Storage Systems (BESS) Contract for Difference (CfD) Virtual PPA & Merchant RE Market Based RE (2013) 0% 10% 20% 30% 40% 50% 2005 2010 2015 2020 2023 Share of Spot in total generation Share of RE 13
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New Market Models: FDRE & RTC, BESS Firm Dispatch RE & Round The Clock RE • FDRE mandatorily includes ESS to provide dispatchable RE power such as assured peak power, load following etc. • RTC is round the clock renewable supply complemented with supply from any other generation technology. • Excess generation(~ 20%) from FDRE & RTC tenders to increase sell liquidityat Exchanges. Battery Energy Storage Systems (BESS) • As per CEA, BESS Storageof 47GW/236 GWh requiredby 2032. • Charging (Non-Peak) and Discharging(Peak Hours) of BESS can be done throughExchanges. • Other Developments: o VGF basedBESSTranche1: 13,200 MWh; FY24 to FY27 Tranche2: 30,000 MWh; FY25 onwards o Q2 FY’26: SJVN, KPTCL awarded BESS tender of 375 MW/1,500MWh(2-Hour,2 Cycle)atRs.3.59Lac/MW/Month and a 150MW/300 MWh (2-Hourr, 2 Cycle) at Rs.2.54/ Lac/MW/MonthunderVGFscheme. • ReducingBatteryCapex Costs: o In 2023 SECI had discovereda price of Rs 10.83 lacs/ MW/Monthfor a 500 MW tender. o In Oct 2025, RUVNLawardeda 1,000 MW/2,000 MWh BESStenderat Rs 1.78 Lacs/MW/Month. 100 300 500 700 900 1100 1300 1500 FDRE- Sample Profile 14
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Growth Driver 5: Diversity Consumption: • North India has high demand in Summers/Paddy season • Lift irrigation/Agricultural demand of Telangana between August to October. Generation: • Wind power : WR, SR • Solar power : SR, WR • Hydro power : NR, NER • Thermal power : ER, Central Regional Diversity Increased opportunity for Exchanges due to: o Diversity in Power Consumption/Supply o Increased demand during solar hours due to load shifting & TOD tariff All India Demand Profile 145 165 185 205 225 245 Demand Met (GW) – 24th Sep 2025 Demand Met (GW) - 14th June 2019 IEX Demand Profile -2 1 3 5 7 9 11 0 5000 10000 15000 20000 25000 30000 1 2 3 4 6 7 8 9 11 12 13 14 16 17 18 19 21 22 23 24 Buy Bid (MW) Sell Bid (MW) Cleared (MW) MCP (Rs./kWh) 15
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Growth Driver 6: Increasing Sell Side Liquidity • Supply side constraints continued to ease through FY’24 and FY’25 due to various measures taken by MoP. • Q2 FY’26 coal production at 203 MT, broadly similar to Q2 FY’25. • Imported coal & gas prices down to reasonable levels – PLFs improved significantly. • Healthy coal stock at generating station - Inventory at ~19 days. • Shakti Policy 2017 replaced with new Shakti Policy. Coal linkages available under two windows – Central and State Gencos at notified price and all Gencos at premium + notified price. • The MoC has set a goal to produce 1.5 BT by FY 2030 to advance vision of Atma -Nirbhar Bharat. • India plans ~45 new coal mines by 2030. • Thermal Power Projects: 38 GW Projects under construction; ~13 GW to be commissioned; ~ 34 GW under planning and tendering stage. • Upcoming capacities: 40-50 GW of RE capacity to be added every year. Part capacity expected to be Merchant. 16
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Other Opportunities for Growth Load Shifting to Solar Hrs Capacity Market Derivatives ▪ Agri-load shifting & ToD tariff will shift demand to solar hours. ▪ Increase in cleared volumes during solar hours. ▪ CEA issued final Guidelines for Resource Adequacy (RA) Planning Framework for Centre and States. ▪ Leads to capacity addition and more sell on Exchanges. ▪ Paves way for introduction of Short-Term Capacity contracts on Exchange. ▪ Electricity Derivatives started trading on MCX, NSE from July’25. ▪ IEX Day Ahead Market Price as underlying prices ▪ Will provide hedging options; certainty of price for market participants. 17
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Diversification 18
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Diversification ✓ 1st NaturalGas trading exchange ✓ 45 registeredMembersand 200+ registeredClients ✓ Automatedplatformwith cutting edge technology; Indigenousprice benchmark ✓ ICX formed in December2022 to facilitatevoluntarycarbon trade. ✓ India a seller of carbon credits (15-20% of the supply in the Global Voluntary Carbon Credit market),buyers are mostly MNC’s and Corporatesin the Europeanmarket. ✓ Designated by I-Track Foundation as India’s only issuer for International Renewable Energy Certificates(I-REC). Total of 82 lakh I-RECs issued in H1 FY’26. ✓ Part of Government’splan to set up India’sfirst coal exchangeby FY 2026-27. ✓ Exchangeexpectedto work under supervisionof Coal ControllerOrganisation. ✓ Closelyworkingwith the MoC and other stakeholdersto explorethis option. ✓ Coal Exchange discussion paper talks of Amending Mines and Minerals Development RegulationsAct (MMDRA) to facilitatesale of surpluscoal throughcoal exchange. Public commentson Coal Exchangeclosed. ✓ MMDRAAmendmentBill, 2025 passedby Parliamentto createenablingprovisionsto set up mineralsexchange. ✓ MinistryofCoalhasissueddraftrulesforappointingCoalControllerasRegulatorforCoalExchange. Coal Exchange 19
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In Summary 20 Increase in Demand and Supply Growth Levers for IEX: Large Capacity Addition in RE and Storage and Declining Costs Favorable Regulatory and Policy Framework for Market Development Diversification 1 2 3 4
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In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 21
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Customer Centricity • Capacity building workshops for all Discoms • Promoting Open Access through State wise conferences and seminars • Web Platform “EnergX” • Digital On-boarding • Financial Reconciliation • Web-based Bidding for all Products across Electricity and Certificate segments • Easy access to Trade and Obligation Reports • Analytics for effective Bidding decision making • Role based effective User Access Management • Bidding APIs for all Products across Electricity and Certificate segments • Back Office APIs for Trade and Obligation Reports Constant endeavor to enhance the Pre-Bidding, Bidding, and the Post Bidding Experience for our Customers 22
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Technology Implementations 23 Focus on achieving continuous improvements towards Availability, Security, Resilience, Scalability, and Performance of our Exchange Platform 23 • Robust Business Continuity implementation with RTO (Recovery Time Objective) of 5 minutes and RPO (Recovery Point Objective) of near Zero • Implementation of best-in-class Perimeter Firewall and Panorama solutions to enhance Security Infrastructure and Management • Microservices Architecture implementation for our Exchange Platform • Adoption of Artificial Intelligence (AI) based solutions for Application Development and for Technology Infrastructure and Security Monitoring
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In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 24
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Robust Financial Performance of IEX Robust business model and financial strengthRobust business model and financial strength Consolidated Financials Rs Cr 322.2 367.4 285.0 331.7 204.8 244.0 H1 FY25 H1 FY26 Total Revenue EBITDA PAT 25 Breakup of standalone revenues (%) Q2FY25 Q1FY25 Q2FY26 Transaction Fees 80% 74% 78% Admission and Annual Fees 3% 3% 3% Other Income 17% 23% 19% Total 100% 100% 100% 167.8 184.2 183.3 151.2 164.4 167.3 108.3 120.7 123.3 Q2FY25 Q1FY26 Q2FY26 Total Revenue EBITDA PAT
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26 ESG Leadership in Power Exchanges Environmental Leadership • IEX, India’s First Carbon Neutral Power Exchange since FY’22 • First to launch Green segment in India’s power markets. • ICX, India’s sole issuer of International RECs (I-RECs) Social Leadership • Nearly INR 842 lakh spent as part of CSR initiative in healthcare, education and vocational skills, heritage restoration, and women empowerment. o Lives Impacted: Healthcare and Preventive Healthcare – 3,821 o Lives Impacted: Education of Girl Child, Underprivileged – 826. Corporate Governance Leadership • Governance Principles of Transparency, Equity, Accountability, Integrity and Social Duty ensure Zero penalties or adverse remarks from regulators. • Morningstar Sustainalytics ESG Risk Rating Score of 18.8 (Low Risk) • CSRHubESG Ranking of 83 (High)
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In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 27
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Physical Delivery based Gas Exchange Operating under PNGRB’s Gas Exchange Regulations, 2020 6 Regional Gas Hubs 9 Contracts Hubs & Delivery points − 6 Regional Gas Hubs − Multiple active delivery points within 4 regional hubs ( Western, Southern, Eastern & Northern) Intraday | Day-Ahead| Daily | Weekly | Weekday | Fortnightly | Monthly | 3 Months | 6 Months 12 consecutive monthly contracts are available on any trade date Shareholders: Facilitates trade for: RLNG Domestic gas (with pricing freedom) small-scale LNG (ssLNG) Gas Exchange: Overview 28 Suval i Hazir a Mhaskal Dabhol Mallavara mGadimoga KG Basin Dhamra BokaroShahdol Barmer Bhadbhut Ankot Dahej
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IGX has 45+ registered Members and 200+ registered Clients IGX Members and Clients *Selected representation Proprietary Member Trading & Clearing Member Clients 29
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12.2 50.9 40.8 60.0 40.7 11.8 16.1 0 10 20 30 40 50 60 70 FY22 FY23 FY24 FY25 H1-FY26 Q2-FY25 Q2-FY26 Data till 30th Sept 2025 Yearly Volumes (Mn MMBTU) Quarter Volumes (Mn MMBTU) Business Performance Overview 30
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Balance of Month Contracts (BOM): ➢ Awaiting approval from PNGRB for BOM Contract (Pipeline Natural Gas segment); PNGRB has already approved BOM contract for ssLNG segment. New Delivery Point: ➢ Introduction of New delivery point, Palanpur, located at the Interconnection point of GIGL & GSPL Strategic Collaborations: ➢ CEGH-IGX MoU to enhance natural gas and renewable gases trading and hub-operations in India. ➢ MoU between IGX & HPCL for developing gas market (Chhara LNG Terminal). ➢ MoU between IGX & Crown LNG to enhance gas market in southern India (Kakinada LNG Terminal). ➢ MoU between IGX & PRISMA on Gas Market Cooperation to support transparent, efficient, and sustainable gas markets CBG and Certificates Trading: ➢ MoPNG has prepared a draft of the scheme Renewable Gas Certificates for Compressed Biogas Regulations, 2025. The final notification is awaited. ➢ IGX can operationalize certificates trading and a separate green market for CBG. Hydrogen Trading: ➢ MoU between EEX, IGX and GIZ to jointly develop hydrogen trading market in India. ➢ Signed MoUs with ACME Limited, GIFT City and GSPC Limited. DGH E-Auctions ➢ Selected as Empanelment Agency by DGH to carry out domestic gas auctions. 31 Future Plans
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Government’s target for gas sector Infrastructure Development Domestic Gas Production • ONGC aims to ramp up gas production from the KG-D5 block from 2.7MMSCMD to ~10MMSCMD. • RIL aims to increase production in KG-D6 Block from ~30 MMSCMD to ~34-35 MMSCMD. • Fields expected to come online (DSF II, Daman Upside, KG basin, Kutch-Saurashtra Blocks, Mahanadi basin, CBM blocks). • Increasing share of Natural Gas in energy basket from current ~6% to 15% . • Development of National Gas Grid (One Nation One Gas Grid). • CNG Gas stations from 7,000 to 17,500 • PNG connections from 13mn to 120 mn • LNG terminals capacity is expected to grow from current 52.7 MMTPA to 70+ MMTPA in 3 years. • Transmission pipeline network is expected to grow from ~25,000 km to 35,000 km+ in coming years. • CGDs: With completion of 12A CGD bidding round ~100% population and area (except islands) has been authorized. Market Developments • PNGRB's proposed UFT reforms of pipeline tariffs notified. Awaiting implementation • Natural Gas under GST. • Implementation of new Access Code Regulations and Incorporation of TSO. • Mandates on ban on use of polluting fuels; carbon tax mechanisms to push use of clean fuels. • Starting FY26, mandatory blending of CBG at 1% —scaling up to 5% by FY29 —will mainstream CBG into gas supply chain. o Gas consumption expected to increase from present ~200 mmscmd to 400 mmscmd by 2030 providing significant growth opportunity for IGX. o IGX share in the overall gas consumption expected to increase from present 2% to 4-5% by 2030 (~250 Mn MMBTU; CAGR: ~36%) Growth Levers 32
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Thank You Phone: +91-120 4648100 Email: contact@iexindia.com Website: www.iexindia.com @IndianEnergy ExchangeLtdIEX @indian-energy -exchange-limited @IEX_India_