• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Exchange

business

Indian Gas Exchange (IGX) Sees 160% MoM Growth in October 2024

Nov 7, 2024 by Sujata 0 Comments #Exchange, #Gas

Mumbai, Wednesday, 07 November 2024: The Indian Gas Exchange (IGX) traded 8 million MMBtu (201 MMSCM) gas volume in October’24, higher by 160% on MoM basis. Decreased APM gas allocations to the CGD sector and high global LNG prices have contributed to increased trade volumes.

GIXI for October 2024 was Rs 1098/$13 per MMBtu, lower by 4% last month. GIXI- South was Rs. 986/$11.7 per MMBtu and GIXI-West Rs 1102/$13.1 per MMBtu. Different spot international gas benchmark prices recorded were (monthly average): HH at ~$2.6/MMBtu (up by 9% MoM), TTF at $12.9 /MMBtu (up by 13% MoM), whereas LNG benchmark indices were: WIM – Ex Dahej ~14.3 $/MMBtu (down by 1% MoM).

A total of 124 trades were executed in October’24. The most active delivery point for free market gas was Dahej & KG Basin for Ceiling Price gas, other trading delivery points were- Hazira, Suvali, Mhaskal, Ankot, & Bokaro. Around 72% of the total volume was traded at Dahej delivery. GIXI – Dahej (Oct-24) was ?1100 or $13 / MMBtu lower by 3.4% MoM. WIM-Ex Dahej settled price for Oct-24 was also at similar level i.e. – $13.6/MMBtu.

Around 7.8 Million MMBtu of free market category gas was traded during the month & about 0.14 million MMBTU domestic ceiling price gas was traded at ceiling price (?854 or $10.16/MMBtu) at KG Basin delivery point. And about 0.2 Millon MMBtu domestic gas with complete pricing freedom was traded at Bokaro(CBM), Hazira (ONGC Hazira) & KG Basin delivery points.

During the month, the Exchange traded gas deliveries were 6.1 million MMBtu (~5 MMSCMD).

IGX currently offer trades at 15 delivery points. Out of which, 4 are LNG terminals, 3 are Pipeline Interconnection Points and 8 are domestic gas field land fall points & offers delivery-based trade in six different contracts such as Day-Ahead, Daily, Weekday, Weekly, Fortnightly and Monthly, under which the trade can be executed for twelve consecutive months. During the month, 40 trades (maximum number) were executed in Daily, followed by 29 trades in each Fortnightly & Monthly, 16 trades in Weekly, 8 trades in Day-Ahead & 2 trades in Weekday contract respectively.

news

ZEISS Joins the 2024 Annual RSightsavers Initiative After BSE Social Stock Exchange Registration

Oct 23, 2024 by Sujata 0 Comments #Exchange, #stock

Mumbai, 23 October: Sightsavers India, also known as the Royal Commonwealth Society for the Blind, is proud to announce its official registration on the BSE Social Stock Exchange. This significant achievement highlights our commitment to transparency, credibility, and accountability in our ongoing efforts to eliminate avoidable blindness and promote equal opportunities for people with disabilities.

Sightsavers India’s registration on this platform further engages our drive to social impact and adherence to high standards of governance and reporting.

RN Mohanty, CEO of Sightsavers India, expressed his enthusiasm about this development:

“We are thrilled to be officially registered on the BSE Social Stock Exchange. This milestone validates our efforts and enhances our ability to drive forward our mission of eliminating avoidable blindness and promoting equal opportunities for people with disabilities. We believe that this platform will significantly reinforce our capacity to create lasting social impact and engage with stakeholders who share our vision for a more inclusive world.”

The registration marks a new chapter for Sightsavers India, enabling us to further our mission through increased visibility, enhanced credibility, and expanded opportunities for collaboration. We remain dedicated to our cause and are excited about the prospects this new platform offers in advancing our work and reaching more individuals in need.

news

Faasos Unveils Unique ‘Soan Papdi Exchange Program’ for the Festive Season

Oct 22, 2024 by Sujata 0 Comments #Exchange, #Program

India, October 21st, 2024 – Rebel Foods, worlds largest internet restaurant company’s flagship brand, Faasos is turning a commonly re-gifted sweet into something more enjoyable this Diwali with its all-new campaign, The Soan Papdi Exchange Program. We’ve all experienced the never-ending journey of Soan Papdi boxes, passing from one household to another during the festive season. Faasos is here to break that cycle and offer people something they actually want—their favourite wrap meal

As part of the campaign, Faasos invites participants to share why they’re ready to part ways with Soan Papdi by filling out a simple Google form between October 18th and 27th. The funniest and most innovative responses will win a free Faasos meal. Up to 500 Winners will be announced just before Diwali, and Faasos will be delivering meals to the lucky recipients between October 28th and 30th.

Nishant Kedia, Chief Marketing Officer at Rebel Foods, said, “Diwali is about joy and togetherness, but we all know the amusing saga of Soan Papdi re-gifting. With this campaign, we wanted to tap into a fun cultural quirk and offer people a way to share a laugh and celebrate the festive season with something they’ll truly enjoy. At Faasos, we’re always looking for ways to connect with our customers in a light-hearted yet meaningful way.”

The Soan Papdi Exchange Program is being promoted through various interactive mediums, including the ‘Dude with a Sign,’ where people are spotted carrying fun signs in public places like train stations, university campuses, local trains, office complexes, and markets. The campaign is sparking engagement through a mix of newspaper advertorials, hilarious memes, interactive polls, and relatable videos, while cleverly crafted WhatsApp forwards in society and college groups are further amplifying its reach. To multiply the excitement, influencers from the comedy world are also joining in, sharing their own Soan Papdi experiences on Instagram and YouTube, encouraging their followers to participate.