2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tata Power
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Multi Commodity Exchange
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Indian Energy Exchange
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State Bank of India
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Detailed explanation-1: -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-2: -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-3: -Indian Gas Exchange Ltd. (IGX) is India’s first automated national level Gas Exchange to promote and sustain an efficient and robust Gas market and to foster gas trading in the country. The exchange features multiple buyers and sellers to trade in spot and forward contracts at designated delivery points.
Detailed explanation-4: -(Managing Director & CEO) Mr. Rajesh K Mediratta is the Managing Director & CEO of our Company with effect from November 2, 2021. He has rich experience of 33 yrs wherein 14 years he was associated with IEX and played key role developing power markets in the country.