Wholly Owned Subsidiary Indian Coal Exchange Applies for Licence with Coal Controller Organisation
IEX's wholly owned subsidiary Indian Coal Exchange Ltd has applied for a licence with the Coal Controller Organisation.
By ScoutQuest · · 1 min read
- Subsidiary Incorporation Date
- June 1, 2026
- Authorised Share Capital
- Rs 100 crore
- Business Model
- Physical delivery-based coal trading exchange
- Regulatory Framework
- Coal Exchange Rules, 2026
- Regulatory Application
- Applied for licence with Coal Controller Organisation
What was announced
Indian Energy Exchange said its wholly owned subsidiary, Indian Coal Exchange Limited, has applied for a licence with the Coal Controller Organisation (CCO), the regulatory authority for coal exchanges. This is an application, not yet an approval.
Key details
- Subsidiary incorporated on June 1, 2026
- Authorised share capital of Rs 100 crore
- Planned as a physical delivery-based coal trading exchange under the Coal Exchange Rules, 2026
- Trades to be facilitated at designated delivery points, aiming at price discovery and wider market access
Why it matters
IEX cites 18 years of experience in building technology-driven trading platforms. The coal exchange would mark the group's entry into the coal market, adding to its electricity market business, the Indian Gas Exchange (IGX) and its role in facilitating I-REC issuance in India.
Perception: investors may read this as a diversification step across the energy value chain, though the commercial outcome depends on the licence being granted and on subsequent market participation.
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23 Oct 2026
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More numbers
- Authorised share capital of Indian Coal Exchange LtdRs 100 crore
- IEX experience in trading platforms18 years
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