We hope to launch the 11-month contracts by January: Rohit Bajaj, IEX

economictimes.indiatimes.com:

Rohit Bajaj, Executive Director — Business Development,Strategy and Regulatory Affairs, IEX, says Now that the new regulation has come, this is GNA regulation where you can avail, you can take open access or you can schedule power up to 11 months in advance under short-term market. What we are doing is taking advantage of the regulation which is there, which is very market-friendly regulation, we are going to apply very shortly. “We are hoping that by January, we should be in a position to launch this contract.”

The volume growth that you have clocked in has been fairly encouraging. Do you think that we can see a further margin expansion owing to the operating leverage?
This last quarter was very good for us, Q2, where we registered close to 15% growth in overall volume terms. And after that, in October, we saw a huge demand increase. So on a year-on-year basis, the overall country's demand increased by about 22% and we got the lion's share of it. Our volume also increased by 20% in October. In the first seven months, we are at 12% and going forward as the supply constraint will further ease out because November, December, January, February, are generally the months where large supplies come in as not all the states are drawing.

Unlock Leadership Excellence with a Range of CXO Courses

This is also the time when prices go down a little and then states start to take advantage of the market. They leverage this low price electricity which is available on the exchanges and try to replace their costlier supplies. We expect that going