2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Stock Exchange
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Reliance Industries Limited
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GAIL
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ONGC
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Detailed explanation-1: -IEX and National Stock Exchange are promoters of IGX, India’s only gas exchange, while other strategic investors in IGX include GAIL (India) Ltd, ONGC Ltd, Torrent Gas Pvt Ltd and Adani Total Gas Ltd.
Detailed explanation-2: -IEX, which today has 47 per cent stake in IGX, was launched on June 15, 2020, to enable trading of natural gas - either imported or the gas that is outside of price-controls.
Detailed explanation-3: -1) Mr. Rajiv Srivastava (DIN: 03568897), Non-Executive Director, he is Director of IGX. He is also the Managing Director and Chief Executive Officer of our parent company, Indian Energy Exchange.
Detailed explanation-4: -IGX is a neutral and transparent market place where both buyers and sellers trade Gas as the underlying commodity.