IEX Subsidiary Indian Coal Exchange Applies for CCO Licence

Indian Energy Exchange (IEX) announced that its wholly-owned subsidiary, Indian Coal Exchange Limited, has applied for a license with the Coal Controller Organisation (CCO). The subsidiary, incorporated on June 1, 2026, with an authorized share capital of ₹100 crore, aims to establish a physical delivery-based coal trading exchange. This new platform will provide an organized, transparent, and technology-enabled marketplace for coal trading, facilitating efficient price discovery and wider market access. This move marks IEX Group's entry into the coal market, further broadening its energy market offerings across the energy value chain, complementing its existing electricity and natural gas exchange businesses.