NSE launches monthly electricity futures contracts for derivative investors. Details here
'The National Stock Exchange of India (NSE) is pleased to announce the successful launch of the Monthly Electricity Futures (ELECMBL) contracts today, marking a significant step forward in the development of India's electricity derivatives market,' according to the press release.
NSE aims to make this launch attractive for market participants, giving derivative investors a transparent asset class on a risk-managed platform to hedge their investments amid electricity price volatility.
The investors will also be able to support 'long-term planning' and contribute their share to the nation's wider energy transition objective.
As of 2:00 p.m. on Monday, 14 July 2025, the Monthly Electricity Futures contracts recorded more than 4,000 lots of trading which represents more than 200 million units of electricity, according to the official data release.
Till the afternoon session, the total turnover trade for the futures contract crossed 87.36 crore in volumes, with the volume-weighted average price at ₹ 4,368 per megawatt-hour (MWh).
After the trading opened at ₹ 4,430/MWh, and as of 2:00 p.m. on Monday, the price reached around ₹ 4,364/MWh, which showed the healthy participation of the derivative market investors.
Market participants like power generators, discoms, and large industrial consumers, and market intermediaries were part of the trading session on the first day for the futures contract.
According to Mint's earlier report from 28 June 2025, NSE announced a liquidity enhancement scheme for the electricity futures contracts, which were launched today.
In the circular dated 27 June 2025, NSE said that the enhancement scheme would become effective from 11 July 2025.
'NSE is now pleased to introduce LES in Electricity Futures (Monthly Base Load) with effect from July 11, 2025, to encourage active participation and market development,' the exchange informed investors through an official release.
NSE received the green signal from the markets regulator, the Securities and Exchange Board of India (Sebi), in May 2025 to launch electricity futures contracts, given the demand for power sector derivatives in the global market.
Read all stories by Anubhav Mukherjee
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
20 minutes ago
- Mint
Brigade Hotel Ventures IPO day 3 Live: GMP, review to subscription status. Apply or not?
Brigade Hotel Ventures IPO opened for subscription on July 24 and will end on July 28. The IPO received a healthy response from investors as the issue was subscribed over 1.18 times on the second day of bidding, led by strong demand from retail and non-institutional investors. On the second day, the retail portion was subscribed 4.61 times, while the non-institutional investor (NII) segment recorded a 97% subscription. Meanwhile, the qualified institutional buyers (QIB) category saw bids for 8% of its allotted quota. On the third day of bidding, Brigade Hotel Ventures IPO has been subscribed over 1.35 times, as of 10:42 am. The retail portion has been subscribed over 5.22 times, meanwhile NII and QIB have received 1.14 times and 0.08 times subscription. The IPO has received 6,92,58,852 applications, as compared to offered 5,11,93,987 shares. The GMP of Brigade Hotel Ventures IPO has fallen to ₹ 1.5 on Monday, July 28 from ₹ 2 on a day before, as per investorgain. This means that the shares of Brigade Hotel Ventures IPO is trading at a premium of ₹ 1.5 in the grey market. Brigade Hotel Ventures plans to raise ₹ 759.60 crore through its IPO, consisting entirely of a fresh issue of 8.44 crore equity shares. The IPO has a lot size of 166 shares, with a minimum investment requirement of ₹ 14,940 for retail investors. The price band for the offer is set between ₹ 85 and ₹ 90 per share. The allotment is expected to be finalized on Tuesday, July 29, 2025, and the shares are likely to be listed on both the NSE and BSE on Thursday, July 31. JM Financial Limited is serving as the book-running lead manager, while Kfin Technologies Limited is appointed as the registrar for the issue. The company intends to use the IPO proceeds to repay or prepay, either fully or partially, certain borrowings of both the company and its key subsidiary, SRP Prosperita Hotel Ventures Limited. Additionally, the funds will go towards purchasing an undivided share of land from the promoter, supporting inorganic growth through potential acquisitions and strategic initiatives, and for general corporate purposes. Brokerage firm Ventura said that combining brand-driven hospitality with real estate development expertise from its parent BEL, Brigade Hotel Ventures is positioning itself to capture demand in India's growing premium and business hotel segments, while strengthening its balance sheet and operational footprint through this IPO. We recommend 'Subscribe' to Brigade Hotel Ventures Ltd. Meanwhile, brokerage SBI Securities, while giving 'subscribe for long-term' said that the company has a strong financial growth track record of 15.6%/30.0%/73.2% CAGR in Revenue/EBITDA/PAT over FY23-25 respectively. However, the company has a negative Reserves & Surplus of ₹ 196 cr as of Mar'25 due to accumulated losses in the past. Out of the total IPO proceeds of ₹ 760 cr, BHVL will utilize ~ ₹ 468 cr towards debt repayment which will lead to reduction in D/E to below 1.0x from 7.1x currently and improvement in profitability as interest cost saving of ~ ₹ 45 cr will flow through the P&L. Going forward, trends in occupancy levels and ARR of the company will be key monitorable Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
20 minutes ago
- Mint
GNG Electronics IPO allotment date Live Updates: Latest GMP, step-by-step guide to check allotment status online
GNG Electronics IPO share allotment will be finalised today (Monday, July 28). The investors who applied for the issue can check the GNG Electronics IPO allotment status on the registrar's portal, which is Bigshare Services Pvt Ltd. GNG Electronics IPO subscription status on the third day of bidding was 147.93 times, as per BSE. The subscription period for the initial public offering, GNG Electronics Ltd, opened on Wednesday, July 23, and ended on Friday, July 25. Investors can check the allotment details to see how many shares they have been assigned, if at all. The IPO allocation status will also show the number of shares that have been given to them. Applicants who do not receive any shares will initiate the process for refunds. Their demat accounts will be credited with the shares that have been allocated to them. Individuals who received shares will have their demat accounts credited on Tuesday, July 29. The refund procedure will also begin on Tuesday. GNG Electronics IPO listing date is fixed for Wednesday, July 30 on BSE and NSE. GNG Electronics stands out as a prominent refurbisher of laptops and desktops, boasting a considerable presence in India, the US, Europe, Africa, and the UAE. The company functions under the brand name 'Electronics Bazaar,' and encompasses the entire refurbishment value chain, which includes sourcing, refurbishment, sales, after-sales services, and warranty provision. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial serve as the leading book-running managers for the issue. (Stay tuned for more updates) Follow updates here: 28 Jul 2025, 10:50 AM IST Step 1 To input your login details directly, visit the Bigshare URL, Link to the IPO allocation for GNG Electronics Step 2 Choose the company "GNG Electronics IPO" from the options available. Step 3 Select 'PAN Number, Beneficiary ID, or Application No./CAF No.' Step 4 Simply click on "Search." You can use a computer monitor or your phone's display to check 28 Jul 2025, 10:46 AM IST GNG Electronics IPO grey market premium is +94. This indicates GNG Electronics share price was trading at a premium of ₹ 94 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of GNG Electronics share price was indicated at ₹ 331 apiece, which is 39.66% higher than the IPO price of ₹ 237. According to the grey market activities over the past 11 sessions, the IPO GMP is currently on an upward trend and is anticipated to have a strong listing. The GMP range varies from a low of ₹ 71.00 to a high of ₹ 105, as reported by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
28 minutes ago
- News18
TCS shares decline nearly 2 pc on layoff announcement
Agency: PTI Last Updated: New Delhi, Jul 28 (PTI) Shares of Tata Consultancy Services (TCS) declined nearly 2 per cent on Monday after the company announced that it will lay off about 12,000 employees of its global workforce this year. The stock dipped 1.69 per cent to Rs 3,081.20 on the BSE. At the NSE, it went lower by 1.7 per cent to Rs 3,081.60. India's largest IT services firm TCS is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 6,13,069. It increased its workforce by 5,000 in the recently concluded June quarter. The move is part of the company's broader strategy to become a 'future-ready organisation", focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement. 'Towards this, a number of reskilling and redeployment initiatives have been underway. As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2 per cent of our global workforce, primarily in the middle and the senior grades, over the course of the year," it said. TCS will provide appropriate benefits, outplacement, counselling, and support to the impacted employees, it added The move comes at a time when India's top IT services companies have delivered single-digit revenue growth in Q1FY26, capping off a somewhat-sobering June quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making. PTI SUM SUM ANU ANU (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 28, 2025, 11:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
