PTC buys 26 per cent in Indian Energy Exchange

Mumbai: PTC India (formerly Power Trading Corporation of India), the country''s largest power trading firm, has taken 26 per cent stake in the country''s first power exchange Indian Energy Exchange (IEX), which recently got regulatory approval.

IEX has been set up by Financial Technologies (India) and Multi Commodity Exchange (MCX) for trading electricity.

Tata Power (TPC), Reliance Energy (REL), Rural Electrification Corporation (REC), a consortium of Adani Enterprises (AEL) and IDFC are other stakeholders in IEX.