Media Release

Change of name from “Pranurja Solutions Limited” to “Hindustan Power Exchange Limited”

The Hon’ble Central Electricity Regulatory Commission (CERC) has approved change of name of the company from “Pranurja Solutions Limited” to “Hindustan Power Exchange Limited” (IA No. 84/IA/2021) vide its order dated 16th February 2022. Pranurja Solutions Limited shall now be known as Hindustan Power Exchange Limited (HPX) and all the approvals or directions given in the matter of Petition No. 287/MP/2018 and Petition No. 160/MP/2021 shall be deemed to have been given to the 'Hindustan Power Exchange Limited (HPX)'
CERC Order: https://cercind.gov.in/2022/orders/160-MP-2021.pdf

Approval of Bye-Laws, Rules and Business Rules

The Hon’ble Central Electricity Regulatory Commission (CERC) accorded approval to the Bye-laws, Rules and Business Rules of Hindustan Power Exchange Limited (HPX) vide its order dated 16th February 2022 (Petition no. 160/MP/2021 along with IA No. 84/IA/2021).

HPX has incorporated the directions/observations of the Hon’ble Commission as per the above Order and the revised Bye-laws, Rules and Business Rules are published on the HPX website at https://www.pranurja.com/legaldocuments.html .
CERC Order: https://cercind.gov.in/2022/orders/160-MP-2021.pdf

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.

Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.

About PTC India

PTC India Ltd. (formerly known as Power Trading Corporation of India Limited) was established in 1999 as a Govt. of India initiative through four Central PSUs of Ministry of Power namely, NTPC, Power Grid, PFC and NHPC. With its trading volumes reaching ~57018 MUs (FY 2017-18), PTC is a pioneer in electricity trading in the country and consistently commands around 40% of market share, thus maintaining market leadership. PTC is also actively involved in cross border trading with neighbouring countries like Bhutan, Nepal and Bangladesh. Since its inception, PTC has gained valuable experiences while creating a power trading market as well as dealing with various governmental / regulatory bodies within the country, giving it a unique edge in understanding power market issues and structures. PTC is a unique example of a successful Public-Private Partnership where the diverse representation on its Board of Directors sets the tone for its transparent governance practices.

About ICICI Bank

ICICI Bank Ltd (NYSE:IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at US$ 160.5 billion at June 30, 2018. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.

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