14/10/2024, 1:51:04 pm

IEX shares tank 6% after market coupling fears resurface

Shares of Indian Energy Exchange (IEX) Ltd. fell as much as 6% on Monday after fears of market coupling, which has been a major overhang on the stock, resurfaced yet again. Speaking to reporters in New Delhi, Power Secretary Pankaj Agarwal said that the work on the power coupling mechanism is under progress and that the government remains committed to the same.