Latest news with #ViksitBharat.
Economic Times
2 days ago
- Business
- Economic Times
MCX shares in focus after Sebi approves launch of electricity derivatives
MCX has received Sebi approval to launch electricity derivatives, marking a historic first for India. The move is expected to deepen energy markets, help manage power price volatility, and support the country's transition to a sustainable energy future. Backed by SEBI and CERC, the launch positions MCX as a pioneer in India's evolving commodity and energy trading landscape. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Multi Commodity Exchange of India (MCX) are likely to be in focus on Monday, June 9, after the bourse received regulatory approval to launch electricity derivatives—a first for India and a landmark development in the evolution of its energy trading landscape.'The Multi Commodity Exchange of India Ltd. (MCX), India's leading commodity derivatives exchange , has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives , marking a significant milestone in the evolution of India's energy trading landscape,' the company said in a regulatory a press release dated June 6, MCX announced that it has received the green light from SEBI to introduce electricity derivatives development, widely regarded as a major breakthrough, is expected to deepen India's energy markets and support the country's transition towards a more dynamic and sustainable power launch—backed by both SEBI and the Central Electricity Regulatory Commission (CERC)—marks MCX's entry into a new asset class. It will enable electricity generators, distribution companies, and large consumers to hedge against price volatility and manage power market risks more stated that this landmark initiative not only positions it as a torchbearer of innovation in commodity trading but also reinforces India's broader ambition of sustainable energy and capital market exchange added that the move marks a pivotal step toward deepening India's energy markets and aligns with the broader vision of Viksit Bharat.'The introduction of electricity derivatives marks a pivotal development in India's commodities ecosystem. These contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms. With India's growing focus on renewable energy and open access power markets, electricity derivatives can serve as a vital bridge between the physical and financial sectors,' said Praveena Rai, MD & CEO of Friday, MCX shares closed 4.5% higher at Rs 7,419.65 on the BSE.
Time of India
20-05-2025
- Business
- Time of India
Centre to invest additional ₹1,000 cr for inland waterways in northeast by 2026, ET Infra
Advt Advt New Delhi: The government is developing robust waterway infrastructure in Assam and the northeast with projects worth ₹1,000 crore on the anvil, targeted for completion by 2026, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said on the last two years, more than ₹1,000 crore has been invested, with ₹300 crore worth of projects already completed."Following my review of ongoing works in the region, we are on track to complete the remaining ₹700 crore projects by the end of 2025," said the minister, while reviewing the ongoing projects in Assam and the northeast with senior minister underscored the need to complete the projects on time in line with the broader vision of Prime Minister Narendra Modi's Viksit Bharat."Northeast is the topmost priority for PM Narendra Modi ji, our work in the region must sync with the vision of Viksit Bharat," asserted Sonowal at the meeting."These efforts aim to boost cargo and passenger movement , improve last-mile connectivity, promote economic growth in the northeast, and align with the broader vision of Atmanirbhar Bharat through sustainable and inclusive transport solutions," he Central government is actively developing key infrastructure projects along NW2 (Brahmaputra) and NW16 (Barak), including the construction of passenger vessels of various capacities, terminal facilities, and capacity-building also reviewed progress on the proposed Inland Water Transport (IWT) project at Doyang Lake, and assessed the potential of Noune and Shilloi Lakes in Nagaland for water sports and studies for IWT development on the Tiawng and Chhimtuipui rivers in Mizoram, as well as on Umiam Lake and the Ummgot River (NW106) in Meghalaya, were also reviewed."Since 2014, the Modi government has revived this once-neglected mode of transport, especially through the Brahmaputra (NW2) and Barak (NW16) rivers. Schemes like Jalvahak are encouraging businesses to adopt this economical, efficient, and eco-friendly mode, reducing pressure on road and rail, and positioning Assam as a key driver in India's journey towards a self-reliant economy by 2047," said the also noted progress on the proposed Water Metro services in Guwahati and Dhubri, with a ₹315 crore investment and two electric catamarans being built by Cochin Shipyard Ltd.-IANSna/
