DelhiDesk The Indian Gas Exchange (IGX) has launched a new specialized contract for the fertilizer industry, aimed at meeting the sector’s unique requirements and enhancing operational efficiency. The contract incorporates inputs from various fertilizer entities and includes features such as a fortnightly payment cycle, zero transaction fees, and reduced take-or-pay provisions. IGX currently facilitates delivery-based trading in six different contracts and covers six regional gas hubs across India. Rajesh Kumar Mediratta, MD & CEO of IGX, commented that the launch of this innovative contract is another step towards benefiting the fertilizer industry, which is the largest consumer of natural gas in India.
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👉 The Indian Gas Exchange (IGX) introduces a specialized contract for the fertilizer industry
👉 The contract offers more flexibility, reduced costs, and effective demand management
👉 It incorporates inputs from various fertilizer entities and features a fortnightly payment cycle
👉 The fertilizer industry can purchase gas at zero transaction fees and with a reduced take-or-pay provision
👉 IGX offers flexibility, cost optimization, and access to gas from various sources and delivery points
👉 The exchange currently facilitates delivery-based trading in six different contracts
👉 Rajesh Kumar Mediratta, MD & CEO of IGX, aims to create a market-friendly trading platform for all industry segments
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