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PXIL contributes towards the PM-CARES Fund

30th April 2020: Power Exchange India Limited (PXIL), India’s first institutionally promoted Power Exchange has made its contribution to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) fund to assist in providing relief measures to the affected people in today’s difficult times of COVID-19 pandemic. The contribution is made by all the company employees and staff by dedicating their one day’s salary. In addition to this, PXIL has also contributed more than equal amount to the sum collected through employee support towards PM-CARES fund.

“We are very honoured to be able to contribute to the society through an excellent platform created by the government. PM-CARES fund is certainly a very noble initiative for everyone to come together and contribute collectively to help affected people in such distressed times.” said, Mr.Prabhajit Kumar Sarkar, Managing Director and Chief Executive Officer, Power Exchange India Limited.

In the current situation where power sector has been classified as an ‘essential service’, the PXIL team is working tirelessly to keep the markets open and continue to ensurethat operations are running smoothly for the customers 24x7 to provide uninterrupted power supply amid the national lockdown or any other eventualities.

About PXIL:

Power Exchange India Limited (PXIL), launched in 2008 is India’s first institutionally promoted Power Exchange promoted by NSE (National Stock Exchange of India Ltd.) & NCDEX (National Commodity and Derivatives Exchange). PXIL has revolutionized the way Indian power markets operate by providing innovative and credible solutions for market operations. PXIL’s electronic transaction platform facilitates the trading of electricity at a national level, with users ranging from State Utilities and State Procurement agencies, industrial consumers, independent power producers as well as captive power producers. Thanks to the institutional ownership and leveraging the strength of the promoters of running an exchange for over 20 years, robust risk management, ethical business principles and sound governance form the bedrock of PXIL’s operations

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