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September 14, 2018 10:54 AM | Market

Power exchange will be a separate entity; BSE to be a minority shareholder, says Ashishkumar Chauhan

Bombay Stock Exchange along with PTC India Ltd and ICICI Bank recently filed a petition with the Central Electricity Regulatory Commission (CERC) to launch a power exchange.

Ashishkumar Chauhan, managing director and CEO of BSE said that power exchange will be a separate entity and BSE will be a minority shareholder in it.

Talking about business potential, he said, “Some of these exchanges could be making Rs 100-200 crore of profit every year even now and when India grows up, the market becomes more organised and things could be better.”

“It’s not only power that you can trade, later on you can ask the authorities for additional energy products and that could also be applicable to even international markets,” he added.

When asked about revised timing for trading activity, Chauhan said, “Currently only equity derivatives are allowed. We have applied for that. We are yet to get the approval.”

"We are neutral to extended trading hours, but will offer products as per regulatory," he mentioned further.

Disclosure: BSE is one of the four launch partners of CNBCTV18.COM.
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