With a market valuation of ₹13,515.99 Cr, Indian Energy Exchange Ltd. (IEX) is a mid-cap company that operates in the financial services industry. It offers a national online trading network for the physical delivery of electricity, renewable energy, and certificates. The firm is India’s leading energy marketplace. The IEX ecosystem is strong, with 6,800+ participants spread over 29 States and 5 Union Territories, including 500+ conventional generators and more than 55 distribution utilities. Additionally, it has a sizable base of 4400+ commercial and industrial clients, including those from the metal, food processing, textile, cement, ceramic, chemical, automobile, information technology, institutional, housing, and real estate sectors, as well as corporate bodies. The Board of Directors today has approved buyback of shares at ₹200 apiece.