IEX Share Price Today: IEX Shares Decline After Power Minister Makes BIG Statement On Market Coupling

IEX Share Price Today: Shares of Indian Energy Exchange (IEX) came under pressure during Monday's intraday trade after the Union Power Minister stated that the central government's position on market coupling remains unchanged. The comments, made ahead of the much-anticipated IEX market coupling hearing scheduled later in the day, dampened investor sentiment and triggered a decline in the stock.

IEX shares were trading 1.47% lower at Rs 137.1 per share on BSE with a market capitalisation of Rs 12,320.76 crore. IE stock had dipped to an intraday low of Rs 133.65 per share and an intraday high of Rs 141.90 per share during Monday's trading session.

IEX Share Price Falls Post Power Minister's Statement

The Power Minister, on Monday, stated that there was no change in the government's stance on market coupling, reported CNBC TV 18. GoodReturns couldn't independently verify the development.

Earlier, IEX received a major relief in the market coupling case after the Electricity Appellate Tribunal (APTEL), in the previous hearing of the case, had sought clarity from the Central Electricity Regulatory Commission (CERC).

The last hearing of the IEX Case was held on January 6. In the previous hearing the Central Electricity Regulatory Commission (CERC) told the Electricity Appellate Tribunal (APTEL), that they are ready to take instructions from the tribunal to withdraw the norms issued in July 2025, reported CNBC TV 18.

During the hearing, the the APTEL made strong remarks while examining "how the coupling regulations were framed", added CNBC TV 18 in its report. So far, there has been no official confirmation regarding the same. GoodReturns couldn't independently verify the development.

About IEX Market Coupling Case

Market coupling stems from a Central Electricity Regulatory Commission order that changes price discovery in the power market. From January 2026, Grid-India is set to collect all day-ahead market bids from every exchange and publish a single, cleared price, shifting this key function away from individual platforms such as Indian Energy Exchange.

Power trading in India currently relies mainly on the day-ahead market and the real-time market. At present, each exchange runs its own auctions where buyers and sellers submit bids, and separate prices emerge on every platform. Indian Energy Exchange dominates these segments, holding about 85% of total market share.

Alongside Indian Energy Exchange, the main entities active in power trading are Power Exchange of India and Hindustan Power Exchange. Trading for both the day-ahead market and the real-time market currently continues across these three platforms, even as the Central Electricity Regulatory Commission's order for market coupling remains under challenge before the appellate tribunal.

Disclaimer:The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.