The power sector was the third highest consumer at the exchange in FY24 at 7% share, with CGD, and refineries, accounting for 27% and 11%, respectively. Sources said, that power sector’s share, is likely to surpass 10% in FY25

Indian Gas Exchange (IGX) traded 4.92 million mBtu (million British thermal units), or around 124 million standard cubic meters (MSCM), natural gas in May 2024, a growth of 99 per cent m-o-m and a whopping 480 per cent y-o-y, largely driven by higher gas demand from the power sector.