Financial Services • Power exchange and electricity market infrastructure

Power Exchange India Limited (PXIL) runs a power exchange in India. Buyers and sellers of electricity, such as distribution companies, generators and large industrial users, trade on its PRATYAY platform. Trades cover the day-ahead market, the real-time market and term-ahead contracts, and the exchange also runs auctions of renewable energy certificates. It is regulated by the Central Electricity Regulatory Commission (CERC). The company was incorporated in 2008 and its FY26 annual report is its eighteenth. The numbers below are from the audited standalone financial statements for the year ended 31 March 2026. Revenue from operations was ₹8,638.16 lakh, up from ₹7,707.60 lakh a year earlier. Profit for the year was ₹3,704.73 lakh against ₹3,454.44 lakh. Other income, mostly treasury returns on cash and investments, added ₹14.07 crore to total income of ₹100.45 crore. The company has no bank borrowings; its only debt-like items are lease liabilities and customer deposits. Volumes grew in FY26. Total traded volume on PXIL was 18,462.88 MUs against 14,270.46 MUs in FY25, with most of it in bilateral contingency and term-ahead contracts. In renewable energy certificates, the market grew but PXIL's share fell from 38% to 33% as competition increased. The company is led by Mr. Vivek Singla as Managing Director and CEO. Mr. Alok Kumar is Chairman and an Independent Director. The annual report names the National Stock Exchange as one of its promoters. CERC's power market rules cap how much any one shareholder can hold, so several shareholders had to reduce their stakes in earlier years. The company paid a dividend of ₹993.99 lakh in FY26 and has recommended a final dividend of ₹2 per share for the year. As of 31 March 2026 the company had 58,470,050 equity shares of ₹10 each. PXIL has not filed a DRHP with SEBI according to our records, and there is no IPO date or price to report. Its shares trade off-market through unlisted dealers. The indicative price on IPO Guru is ₹498 per share with a lot size of 100 shares, which works out to a market cap of about ₹2,911.81 crore. Such prices are indicative and not exchange-traded.
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Data refreshed 08 Nov 2026, 11:00 pm IST.