IEX

Shares Slide 6% After CERC Draft on Market Coupling Raises Concerns

shares declined 6% after the Central Electricity Regulatory Commission (CERC) issued a fresh draft notification on power market regulations, once again inviting public feedback, including provisions related to market coupling. The introduction of market coupling is expected to significantly affect ’s dominance in the power trading segment, where it currently holds a leading position. On April 20, shares were trading 6% lower at ₹127.36 per share. Previously, the regulator had proposed implementing market coupling from January 2026, which led to a sharp 30% drop in stock in a single session last year. Market coupling aims to establish a unified electricity pricing mechanism across multiple trading platforms or exchanges. While this promotes price uniformity and efficiency, it could erode ’s stronghold in the market by reducing its competitive advantage. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.