Overview
- NSE said it is in discussions with IGX to co-develop and launch an Indian Natural Gas Futures contract, with details to follow subject to regulatory approvals.
- The proposed futures would offer a transparent, domestically relevant hedging tool aligned to India’s gas pricing framework to support a credible price benchmark.
- Under the plan, NSE brings derivatives-market infrastructure while IGX contributes spot trading, price discovery and physical market expertise.
- IGX’s CEO said IPO papers are expected to be filed with SEBI in Q2 2026, with an offer-for-sale of about 22% and a listing targeted before December 2026.
- IEX holds 47% of IGX and must reduce that to 25%, and brokerages last valued IGX at Rs 2,200–3,000 crore, implying a 22% sale could raise roughly Rs 600–700 crore.