IEX share price slides as India holds firm on market coupling ahead of APTEL hearing
IEX shares fell 1.47% to 137.1 rupees Monday after the power minister said there was no change in market coupling policy. The Electricity Appellate Tribunal is set to review IEX’s challenge to a July 2025 order mandating day-ahead market coupling. Regulators warn the move could centralize power price-setting and disrupt competition. IEX alleges regulatory flaws and insider trading in its legal filings.
