Business Update25 Sept 2026, 04:41 pm
Indian Coal Exchange applies for Coal Exchange license
AI Summary
Indian Coal Exchange Limited, a wholly owned subsidiary of Indian Energy Exchange Limited, has submitted an application to the Coal Controller Organisation (CCO) on September 25, 2026. The application seeks a license to operate as a Coal Exchange under the Coal Exchange Rules, 2026. The CCO will review the application, and any significant developments will be disclosed as per SEBI Listing Regulations. This move signifies IEX's strategic expansion into the coal trading sector.
Key Highlights
- Subsidiary applied for Coal Exchange license.
- Application submitted to Coal Controller Organisation.
- Move indicates expansion into coal trading.
- Subject to CCO scrutiny and approval.
Price Impact
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