Indian Energy Exchange : Annual Report FY 2022-23

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Accelerating India's

Sustainable Energy Transition

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INDEX

PART 1

Corporate Overview

PAGE 04-47

Highlights of The Year	06
Towards a Net Zero Future	08
Reducing the Carbon Footprint	12
Message to Shareholders	16
Power Markets Decarbonising India	22
Technology at the Core of Our Operations	26
IGX - Building a Vibrant Gas Market in India	30
Board of Directors	34
Creating Value through Governance	35
15th Year Anniversary	38
About IEX	40
Key Milestones	44
Leadership Team	45
A Great Place to Work	46

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PART 2

PART 3

		Statutory				Financial
Report		Statements
		PAGE 48-163				PAGE 164-321
		Management Discussion and Analysis	50	Standalone Financial Statements	166
		Director's Report	74	Consolidated Financial Statements	242
		Corporate Governance Report	106

Business Responsibility and Sustainability Report 134

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4	CORPORATE OVERVIEW

Accelerating India's Sustainable

Energy Transition

The Government's decisive focus on renewable energy has helped the sector diversify its energy sources. The country added more than 15 GW of RE capacity in this fiscal and is on the path to achieve its target of 500 GW of non-fossil fuel- based electricity installed capacity by 2030.

IEX will support the Government's vision of achieving India's revised NDC target which now aims to reduce emission intensity of GDP by 45% (with respect to 2005 levels) and to become a Net Zero emitter by 2070.

The Indian Energy Exchange has been an instrument of change in the power sector, leading through product innovations. We remain committed to adopting new technologies, enter new markets, and launch new and futuristic products that will accelerate India's march towards energy security and sustainability.

Corporate Overview Statutory Report Financial Statements

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