Manikaran Power Limited
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Gas Trading Through Exchange

The Ministry of Petroleum and Natural Gas under The Petroleum and Natural Gas Regulatory Board Act, 2006 (NO. 19 OF 2006) constituted an independent statutory regulatory body “The Petroleum and Natural Gas Regulatory Board (PNGRB)” to promote and regulate the interest of consumers and entities engaged in activities related to Petroleum, Petroleum products and Natural Gas in the country.

In line with the Government’s vision of increasing the share of natural gas in the energy mix from 6% presently to 15% by 2030. Indian Energy Exchange (IEX) is presenting Indian Gas Exchange (IGX), India’s first nationwide online gas trading platform enabled by best in class technology with aim to offer transparency, competitive price discovery, flexibility to trade 24x7, delivery facilitation and ease of transaction among others to the participants.

“Manikaran Power Limited having a proven track record of over 15 years in power trading and now have forayed into the Gas Trading business. In 2020, Manikaran become the first company to be on board of IGX as a full Member has shown commitment towards the nations long term energy security and shift towards clean, green and sustainable energy transformation.”

Total client registered till date: 200+

Salient Features:
Physical All trades for firm delivery and are Non-transferable
Hubs Dahej, Hazira, Kakinad to start with…
Lot Size 1 Lot =100 MMBTU
Bid Unit INR/MMBTU
Price Tick 1 INR/MMBTU
Gas Day Means a period of 24 hrs beginning at 0600 hours on a day and ending at 0600 hours on the following day
IGX Transaction Fees Rs 5 / MMBTU – Ex-Hub Transactions
Rs 7/ MMBTU – Delivered Transaction
Price Discovery Auction- Uniform Price, Closed, Double-Sided Auction
• Bids collected during Call period and then matched
Imbalance Management Through the Exchange for Delivered Transactions
Out of Exchange for Ex-Hub Transactions
Margins Buyers to pay upfront margins for day-ahead and daily contracts
For contracts beyond weekly, buyers will provide cash margins
Products offered on IGX:

Contracts offered on Gas Trading Platform:

Name of the contracts Trading time (T) Delivery period (D)
Day Ahead 10:00-12:00 1 Gas Day
Daily 10:00-12:00 (D-10 to D-2) 1 Gas day
Weekday 10:00-12:00 (D-4 to D-2) 5 Gas Days (Monday-Friday)
Weekly 10:00-12:00 (D-4 to D-2) 7 Gas Days
Fortnightly 10:00-12:00 (D-10 to D-4)
D refers to beginning of fortnight)
1-16 Gas Days (1-15th of the month or 16th to the last date of the month)
Monthly 10:00-12:00 30 consecutive Gas Days
Eligible Entities:
  1. Large Piped Natural Gas buyers
  2. Major Gas Consuming Industries- Fertilizers, Glass, Power, Steel, Chemical
  3. Customer connected with Pipelines (only till Premises)
  4. Gas Producers and Marketers
  5. Entities of City Gas Distribution Networks
For More Details Visit:
  1. IGX Website
  2. IGX Market Rules
  3. PNGRB Notification on Access Code for CGD
For Further Queries
Contact Us

3rd Floor, D21, Corporate Park,
Sector-21, Dwarka, New Delhi-110077, India
Tel: +91-1140408000
Email: corporateaffairs@manikaranpowerltd.in