IEX Shares to Trade Ex-Date on January 31: Declared Interim Dividend of ₹1.50

On January 31, 2025, IEX shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the interim dividend of ₹1.50 for FY25.

IEX Dividend History

IEX Q3FY25 Business Update 

In the power sector, electricity demand reached 393 BUs during Q3FY25, marking a 3% YoY increase. For 9MFY25, the country’s electricity demand totalled 1,279 BUs, reflecting a 5% growth compared to the same period last year.

On the fuel side, coal availability has been sufficient this fiscal year. Coal is being offered at a modest premium of 10% to 20% through the Shakti B8 auction, with current coal inventories covering approximately 19 days of demand.

The adequate fuel supply this quarter resulted in increased liquidity on the exchange platform, with the volume of power sold in the day-ahead market rising by 62% year-on-year. This led to a softening of prices, with the average price in Q3FY25 dropping nearly 26% year-on-year to ₹3.71/unit.

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