IEX Seeks Licence to Launch Physical Coal Trading Exchange

Indian Energy Exchange wants to create a new marketplace for coal.

Its wholly owned company, Indian Coal Exchange Limited, has applied for official permission to run it.

The Coal Controller Organisation will oversee the licence application.

The exchange would involve the physical delivery of coal.

Buyers and sellers would trade through one organised platform.

Trades would happen at designated delivery points.

IEX says the platform could make coal prices easier to discover and give more people access to the market.

This would expand IEX’s activities beyond electricity and natural gas trading.