IEX’s Indian Coal Exchange applies for licence with Coal Controller Organisation
By bringing buyers and sellers together on a single, neutral platform, the Indian Coal Exchange will facilitate trades at designated delivery points, enabling efficient price discovery and wider market access.
India's Indian Energy Exchange (IEX) announced that its subsidiary, Indian Coal Exchange Ltd, has submitted an application for a licensing from the Coal Controller Organisation (CCO), the regulatory body overseeing coal exchanges. The Indian Coal Exchange aims to be a physical delivery-based coal trading platform, promoting an organized, transparent, and technology-driven marketplace for coal trades in compliance with the Coal Exchange Rules, 2026.
IEX established Indian Coal Exchange Ltd on June 1, 2026, with an authorized share capital of ₹100 crore. By consolidating buyers and sellers on a single, neutral platform, Indian Coal Exchange will facilitate trades at specific delivery points, promoting efficient price discovery and wider market access. With IEX's 18 years of experience in creating transparent, tech-driven, and market-based trading platforms, the Indian Coal Exchange signifies the Group's entry into the coal market.
The new venture will complement IEX's electricity market business, its leading natural gas trading platform, IGX, and its role in facilitating green energy credit issuance within India. Alongside IEX, Indian Coal Exchange will enhance the Group's energy market offerings across the value chain. IEX, India's leading electricity exchange, offers a nationwide, automated trading platform for physical electricity, renewable power, renewable energy certificates, and energy saving certificates, thereby enabling efficient price discovery and boosting the accessibility and transparency of India's power market while improving trade execution speed and efficiency.
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