Hindustan Power Exchange Limited

Hindustan Power Exchange Limited, formerly known as Pranurja Solutions Limited, emerged as India's third licensed power exchange when operations commenced in July 2022. Established in 2018, HPX is strategically promoted by three major Indian institutions: PTC India Limited (a power trading pioneer), Bombay Stock Exchange (BSE), and ICICI Bank Limited. This unique partnership brings together expertise in power trading, exchange operations, and financial management. HPX operates an electronic exchange platform enabling transparent and efficient trading of electrical energy through multiple market segments including Day Ahead Market (DAM), Term Ahead Market (TAM), and Intra-Day Market (IDM). The company demonstrated impressive growth metrics with revenue climbing from ₹17 crore in FY23 to ₹43 crore in FY24, accompanied by a positive net profit of ₹15 crore. Within just six months of operations, HPX executed trades exceeding 1 billion units, validating strong market acceptance. Trading at ₹28.00 and labeled as a top gainer, HPX represents an attractive pre-IPO opportunity positioned to benefit from India's expanding short-term electricity market and the country's renewable energy transition.