BANGALORE, INDIA -- (MARKET WIRE) -- 07/11/08 -- Researched by Industrial Info Resources(Sugar Land, Texas) -- The Indian Energy Exchange Limited (IEX), thecountry's first national power exchange, went live on June 27 at the MultiCommodities Exchange of India and received bids for 13,176 megawatt-hoursof power on its opening day. Power Grid Corporation of India Limited(BOM:532898) (Gurgaon, Haryana) is responsible for scheduling andtransmission of electricity through regional grids that form the interstatetransmission system. Financial Technologies India Limited (Mumbai)developed the IEX trading platform with NASDAQ OMX Group Incorporated(NASDAQ:NDAQ) (New York, New York). Key stakeholders of the exchangeinclude Tata Power (BOM:500400) (Mumbai), state-owned Rural ElectrificationCorporation Limited (New Delhi), Reliance Energy Limited (BOM:500325)(Mumbai), Lanco Infratech Limited (BOM:532778) (Hyderabad, Andhra Pradesh),Infrastructure Development Finance Company (BOM:532659) (Chennai, TamilNadu) and the Adani Group (Ahmedabad, Gujarat).For details, view the entire article by subscribing to Industrial Info'sPremium Industry News athttp://www.industrialinfo.com/showNews.jsp?newsitemID=135337, or browseother breaking industrial news stories at www.industrialinfo.com.
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