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Indian Gas Exchange (IGX)
An IEX venture. Indian Gas Exchange Ltd. (IGX) is India’s first automated national level trading platform.
An IEX venture. Indian Gas Exchange Ltd. (IGX) is India’s first automated national level trading platform.
Indian Gas Exchange (IGX) is India’s first automated national level Gas Exchange, founded in 2020. As an IEX venture, it aims to promote and sustain efficiency in the gas market and foster gas trading in the country. IGX operates as a neutral and transparent marketplace for trading gas as the underlying commodity, aiming to enable efficient and competitive price discovery while maintaining market integrity.
Since its inception on 15th June 2020 as a Gas Trading Platform, IGX has been operating as a Gas Exchange as of 10th December 2020. The Exchange operates under the regulatory framework of the Petroleum and Natural Gas Regulatory Board (PNGRB).
With headquarters in India, IGX operates in the E-Commerce and Oil and Gas industries, attracting interest from notable investors. The most recent corporate round investment took place on 21 December 2021, with the Indian Oil Corporation as the investor.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Corporate Round | Unknown | 1 |
|
21 Dec 2021 |
| Private Equity Round | Unknown | 1 | Oil and Natural Gas Corporation | 10 Mar 2021 |
| Secondary Market | Unknown | 2 |
|
22 Jan 2021 |
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