IEX Subsidiary Indian Coal Exchange Ltd Applies For Licence With Coal Controller Organisation

Mumbai: IEX, a leading player in India's energy market, has announced that its wholly-owned subsidiary, Indian Coal Exchange Limited, has submitted an application for a licence with the Coal Controller Organisation (CCO). This marks IEX's foray into the coal market, expanding its presence across the energy value chain. Current Operations IEX is already active in electricity markets and through its Indian Gas Exchange (IGX) division.

Subsidiary Background Indian Coal Exchange Limited was established on June 1, 2026, with an authorised share capital of ₹100 crore. The subsidiary is set to launch a physical delivery-based coal trading exchange. Exchange Objectives The new exchange aims to offer an organised, transparent, and technology-driven marketplace for coal trading, in line with the Coal Exchange Rules, 2026.

It will facilitate trades at specific delivery points, promoting efficient price discovery and wider market access. Leveraging Experience IEX brings to this new venture 18 years of expertise in creating transparent, technology-enabled, and market-based trading platforms. The company anticipates this move will bolster its existing electricity market business and its involvement in issuing I-REC certificates.

Source: Company filings, provided for informational purposes only. Investors are advised to conduct their own due diligence before making any investment decisions.