1 hr ago
IEX Subsidiary Applies for Licence to Enter Coal Market
Indian Energy Exchange wants to start a new marketplace for trading coal.
Its wholly owned company, Indian Coal Exchange Limited, has applied for permission from the Coal Controller Organisation.
The company was created on June 1, 2026.
It has authorised share capital of ₹100 crore.
The proposed exchange would involve the physical delivery of coal.
Buyers and sellers would trade through an organised technology-based platform.
The platform would help participants discover coal prices and access the market.
IEX plans to use its experience operating electricity and gas exchanges for this new business.
Indian Energy Exchange said its wholly owned subsidiary, Indian Coal Exchange Limited, applied for a licence with the Coal Controller Organisation.
The application marks IEX’s planned entry into coal trading, expanding beyond its electricity and gas market operations.
Indian Coal Exchange Limited was incorporated on June 1, 2026, with authorised share capital of ₹100 crore.
The proposed exchange will support physical delivery-based coal trading at designated delivery points.
IEX said the platform would provide transparent, technology-enabled trading, price discovery and broader market access under the Coal Exchange Rules, 2026.
- Who
- Indian Energy Exchange and its wholly owned subsidiary, Indian Coal Exchange Limited, submitted the application to the Coal Controller Organisation.
- What
- The subsidiary applied for a licence to operate a physical delivery-based coal trading exchange.
- Where
- The planned exchange will operate in India, with trades conducted at designated delivery points.
- When
- The application was announced on Monday; Indian Coal Exchange Limited was incorporated on June 1, 2026.
- Why
- IEX aims to expand across the energy value chain and create a transparent, technology-enabled marketplace for coal trading.
Key facts
- Applicant
- Indian Coal Exchange Limited, a wholly owned subsidiary of Indian Energy Exchange
- Regulator
- Coal Controller Organisation
- Incorporation date
- June 1, 2026
- Authorised share capital
- ₹100 crore
- Trading model
- Physical delivery-based coal trading
- Planned platform
- An organised, transparent and technology-enabled coal marketplace
- Relevant rules
- Coal Exchange Rules, 2026
Sources
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