Mumbai, April 1 -- National Stock Exchange of India (NSE) on Wednesday announced a collaboration with Indian Gas Exchange Limited (IGX) to introduce exchange-traded derivatives based on natural gas traded and delivered on the IGX platform.

The initiative aims to strengthen India's domestic natural gas market by providing efficient risk management tools to market participants.

As part of the collaboration, NSE will launch Indian natural gas derivative contracts based on IGX's benchmark price index GIXI (Gas IndeX of India). These contracts will be designed to reflect domestic gas market dynamics, with pricing linked to actual trades on the IGX platform.

The proposed contracts are expected to offer a transparent and reliable risk managem...