IEE wins ‘In­no­va­tive 100’ award

Power Watch India - - DISPATCHES NATIONAL -

In­dian En­ergy Ex­change (IEX) has been awarded the ‘In­no­va­tive 100 Award’ by Inc. In­dia, for the qual­i­ta­tive im­pact of its in­no­va­tive ac­tions, ideas, ap­proaches and tools that have brought about break­throughs in the In­dian power mar­ket set­ting ex­am­ples for oth­ers to em­u­late. Apart from IEX, Inc. In­dia also awarded other mid-sized com­pa­nies with net sales be­tween Rs 50 crore and Rs 1,500 crore in the most re­cent ac­count­ing year, for be­ing the trail­blazer in their re­spec­tive ar­eas.

Dr Pra­madh Raj Sinha, Founder and MD, 9 dot 9 me­dia (Inc. In­dia) and Pro­fes­sor Prith­wiraj Choud­hury, As­sis­tant Pro­fes­sor, Har­vard Busi­ness School, con­ferred the Award on IEX at a cer­e­mony held in the Cap­i­tal re­cently.

Ac­cept­ing the award on be­half of IEX, Mr Ra­jesh K. Medi­ratta, Di­rec­tor, Busi­ness De­vel­op­ment, IEX, said, “IEX has been a pi­o­neer in set­ting up and op­er­at­ing a state-of-the-art en­ergy mar­ket­place that is na­tion­wide, elec­tronic, trans­par­ent, com­pet­i­tive and neu­tral, for the ul­ti­mate ben­e­fit of all the stake­hold­ers. With in­no­va­tion and dy­namism at the core of our op­er­a­tions, to­day, IEX is fa­cil­i­tat­ing 2600+ stake­hold­ers spread across 27 states and 5 UTs of which 2300+ are in­dus­trial open ac­cess con­sumers, to buy and sell elec­tric­ity in the most com­pet­i­tive and re­li­able way.”

“The In­dian En­ergy Ex­change has rev­o­lu­tion­ized the way in which elec­tric­ity is traded in the coun­try. The ro­bust mar­ket dy­nam­ics and qual­i­ta­tive im­pact of its ac­tions have in­deed helped the power sec­tor be­come more com­pet­i­tive and ef­fi­cient. The suc­cess with which IEX man­aged to repli­cate and scale up its busi­ness is clearly re­flected in the mar­ket lead­er­ship main­tained con­sis­tently year af­ter year since 2008”, said Ms Shreyasi Singh, Man­ag­ing Ed­i­tor, Inc. In­dia.

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