The Exchange has sought clarification from Indian Energy Exchange Limited with respect to recent news item captioned IEX shares recover 7% from day's low as CERC seeks more time on withdrawal of coupling order. The response from the Company is attached.
IEX · price
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Awaiting price reaction for this filing.
NSE sought clarification from IEX after a news article reported that IEX shares recovered 7% from the day's low, linked to CERC seeking more time on the withdrawal of the market coupling order. IEX clarified that the article refers to a hearing held on January 9, 2026, before the Appellate Tribunal for Electricity (APTEL), where IEX is challenging CERC's Suo-Motu Order dated July 23, 2025, on implementation of market coupling. CERC also issued a corrigendum on January 8, 2026, stating that the word 'Order' in its July 2025 publication should be read as 'Directions'. IEX confirmed it has no undisclosed information explaining the share price movement and stated the movement is market-driven based on publicly available information. The matter remains sub judice and no order has been passed by APTEL yet.
The corrigendum is a procedural clarification by CERC but does not change the substance of the market coupling directive. Investors should watch for the next APTEL order, as a favourable ruling could be positive for IEX's revenue model, while an adverse outcome could affect its market share in power trading.