Domination established, but IEX’s Goel isn’t powering down

India's largest power exchange has seen off a regulatory scare to win back investors. Now its long-standing CMD is looking for his last hurrah.

28 July, 202413 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

Adani is blazing the trail in India's coal comeback

Adani Power has boldly taken on the mantle of coal power's comeback in the country. But in doing so, it faces critical risks around asset obsolescence and climate misalignment.

Business
Story image

Regulator deals a big blow to IEX’s monopoly on power trading

India's largest, most dominant power exchange is staring at market share and earnings loss after a key decision by the electricity regulator. Shareholders are not happy. Separately, a big win for climate litigation globally.

Business
Story image

On air pollution, power producers get a hall pass

India has rolled back rules that require thermal power plants to install equipment to cut sulphur dioxide emissions, marking yet another failure in the fight against air pollution.