Hindustan Power Exchange Limited (HPX) formerly known as Pranurja Solutions Limited is a next-generation, technology-driven power trading platform revolutionizing India's short-term electricity market. Incorporated in 2018, HPX is jointly promoted by PTC India Ltd, Bombay Stock Exchange (BSE), and ICICI Bank, bringing together deep financial expertise and market credibility.
HPX provides an electronic power exchange where buyers and sellers trade electricity seamlessly through real-time, transparent, and efficient systems marking a major shift in India's power market infrastructure.
| Company Name | Hindustan Power Exchange Limited (HPX) |
|---|---|
| Former | Pranurja Solutions Limited |
| Promoters | PTC India Ltd, Bombay Stock Exchange (BSE), and ICICI Bank |
| Est. Year | 2018 |
| Industry | Electricity Market Infrastructure |
| ISIN No | INE0MSW01018 |
| Website Link | Visit Hindustan Power Exchange Limited Website ↗ |
Since its operational launch in July 2022, HPX has shown exceptional growth momentum:
Traded 1+ billion units within six months of launch
Revenue surged from ₹17 crore (FY23) to approximately ₹43 crore (FY24)
Achieved positive net profit of ₹15 crore (FY24)
Total assets: ~₹315 crore, reflecting strong financial health and scalability
HPX's rapid performance highlights its successful market entry and growing trust among industrial, state, and renewable power participants.
Investing in Hindustan Power Exchange Pre-IPO Shares offers a unique pre-IPO opportunity in India's expanding electricity-trading ecosystem. With the support of trusted promoters - PTC India, BSE, and ICICI Bank. HPX stands out as one of India's most credible private power exchanges.
As India transitions towards open access, renewable integration, and market coupling reforms, HPX is strategically positioned to capture a large share of short-term power trade and benefit from the next phase of energy sector liberalization.
Strong Promoter Base: Backed by leading financial and market institutions - PTC India, BSE, and ICICI Bank.
Rapid Market Growth: Expected to capture 40-45% market share post-coupling reforms.
Technology-Driven Platform: Real-time trading, analytics, and data transparency.
Renewable Energy Advantage: Actively expanding into green power trading.
Strong Financial Performance: Profitable within two years of launch.
High Entry Barrier Industry: Licensed and regulated power-exchange market with limited players.
India's short-term power market is valued at over ₹25,000 crore, growing at 20-25% annually with increasing renewable energy participation, open access demand, and institutional power buyers. HPX's scalable technology and promoter strength make it a front-runner to benefit from the upcoming market-coupling implementation by regulatory bodies.
Expand trading to green and long-duration power contracts.
Integrate AI and analytics-driven trading platforms.
Increase participation from DISCOMs, corporates, and renewable developers.
Strengthen its role as a national-level exchange post-coupling reforms.
With these growth catalysts, HPX is expected to play a transformative role in India's power trading future.
The Hindustan Power Exchange (HPX) represents one of India's most promising pre-IPO investment opportunities in the power and energy market infrastructure segment. Backed by strong promoters and rapid growth momentum, HPX is set to benefit from regulatory reforms, renewable growth, and digital trading expansion, making it a strategic addition to a diversified pre-IPO portfolio.
| Name | Designation | |
|---|---|---|
| Harish Saran | Managing Director | 🔗 LinkedIn Profile |
| Niraj Nabh Kumar | Independent Director | - |
| Vishnu Kant | Nominee Director | 🔗 LinkedIn Profile |
