Business

Second power exchange launched

NEW DELHI: The operations of the country’s second power exchange, Power Exchange India Ltd (PXIL), was launched on Monday. It was promoted as a joint venture between National Stock Exchange and National Commodity and Derivatives Exchange (NCDEX).

PXIL aims to provide easy access to fully electronic market place which provides substantial benefits to buyers and sellers of power. PXIL has also attracted equity participation from Power Finance Corporation (PFC), Gujarat, Urja Vikas Nigam Ltd. (GUVNL), JSW Energy, GMR Energy and Jindal Power.

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