Power Exchange India Limited (PXIL)

Abstract Power Exchange India Limited (PXIL) is one of India’s premier power exchanges that provide an electronic platform for trading electricity. The exchange offers market participants a platform to trade in many electricity market segment. Its business model revolves around providing a platform for electricity trading while charging transaction fees for services rendered. PXIL is second power exchange of India after Indian Energy Exchange Limited (IEX). It provided transparent, efficient and technology-driven platform for trading electricity and energy certificates. Power Exchange India Limited Service power generators, distribution utilities, open access consumers and other market participants. PXIL is a joint ventures between the National Stock Exchange of India Limited (NSE) and National Commodity and Derivative Exchange Limited (NCDEX) and act as an intermediary between electricity buyers and sellers. PXIL has a higher P/E ratio and book value per share, indicating strong fundamentals.