The Hindu Business Line : NCDEX-NSE exchange gets nod

The National Commodity and Derivatives Exchange (NCDEX) and National Stock Exchange (NSE) combine on Tuesday received in-principle approval from the Central Electricity Regulatory Commission (CERC) to float a power exchange. The application made by a new company — Power Exchange India Ltd — jointly set up by the NCDEX-NSE venture has got the go-ahead for setting up and operating the proposed Exchange, a CERC official said. At present, the power trading market i n India is pegged at 20 billion units a year, and is seeing a growth rate of over 30 per cent. —

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