A N N U A L R E P O R T 2 2 - 2 3
Accelerating India's
Sustainable Energy Transition
A N N U A L R E P O R T 2 0 2 2 - 2 0 2 3
INDEX
PART 1
Corporate Overview
PAGE 04-47
Highlights of The Year | 06 |
Towards a Net Zero Future | 08 |
Reducing the Carbon Footprint | 12 |
Message to Shareholders | 16 |
Power Markets Decarbonising India | 22 |
Technology at the Core of Our Operations | 26 |
IGX - Building a Vibrant Gas Market in India | 30 |
Board of Directors | 34 |
Creating Value through Governance | 35 |
15th Year Anniversary | 38 |
About IEX | 40 |
Key Milestones | 44 |
Leadership Team | 45 |
A Great Place to Work | 46 |
2
PART 2 | PART 3 |
Statutory | Financial | ||||||
Report | Statements | ||||||
PAGE 48-163 | PAGE 164-321 | ||||||
Management Discussion and Analysis | 50 | Standalone Financial Statements | 166 | ||||
Director's Report | 74 | Consolidated Financial Statements | 242 | ||||
Corporate Governance Report | 106 |
Business Responsibility and Sustainability Report 134
3
A N N U A L R E P O R T 2 0 2 2 - 2 0 2 3
4 | CORPORATE OVERVIEW |
Accelerating India's Sustainable
Energy Transition
The Government's decisive focus on renewable energy has helped the sector diversify its energy sources. The country added more than 15 GW of RE capacity in this fiscal and is on the path to achieve its target of 500 GW of non-fossil fuel- based electricity installed capacity by 2030.
IEX will support the Government's vision of achieving India's revised NDC target which now aims to reduce emission intensity of GDP by 45% (with respect to 2005 levels) and to become a Net Zero emitter by 2070.
The Indian Energy Exchange has been an instrument of change in the power sector, leading through product innovations. We remain committed to adopting new technologies, enter new markets, and launch new and futuristic products that will accelerate India's march towards energy security and sustainability.
Corporate Overview Statutory Report Financial Statements
5
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Indian Energy Exchange Ltd. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 07:19:04 UTC.