IEE wins ‘Innovative 100’ award
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.