Overview
- NSE said it is in discussions with IGX to co-develop an Indian Natural Gas Futures contract to enable domestic hedging and enhance price transparency, subject to regulatory clearances.
- Under the proposed collaboration, NSE would provide derivatives market infrastructure while IGX would contribute spot market trading, price discovery and physical market expertise.
- IGX expects to file draft papers with SEBI in the second quarter of 2026 with a listing likely before December 2026, according to its chief executive.
- About 22% of IGX equity is planned to be offered via an offer for sale by existing shareholders, with IEX’s board having approved starting the process to help reduce its holding from 47% to the 25% regulatory cap.
- Brokerages have pegged IGX’s valuation at roughly Rs 2,200–3,000 crore, implying potential proceeds of about Rs 600–700 crore, as the exchange reports 62% annual volume growth to about 5.4 mmscmd and pursues longer-tenor contracts and an LNG capacity-booking platform pending approvals.