Indian Energy Exchange Limited (IEX) has announced the incorporation of a wholly owned subsidiary, Indian Coal Exchange Limited, marking a significant step towards facilitating organized and transparent coal trading in India.
The company informed stock exchanges that Indian Coal Exchange Limited was incorporated on June 1, 2026, and has been assigned the Corporate Identity Number (CIN). The development follows IEX’s earlier intimation dated March 18, 2026, and was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Indian Coal Exchange Limited will function as a dedicated coal exchange, providing an online platform where buyers and sellers can transact, trade, and enter into coal contracts. The newly incorporated entity falls under the financial services sector, specifically within activities auxiliary to financial service activities.
IEX will hold 100 percent ownership of the subsidiary, making it a fully controlled entity. The company stated that the consideration towards the paid-up share capital will be made entirely in cash.
The subsidiary has been incorporated with an authorized share capital of ₹100 crore, comprising 10 crore equity shares with a face value of ₹10 each. Shares have been subscribed at their face value.
At the time of incorporation, no governmental or regulatory approvals were required. However, Indian Coal Exchange Limited will be required to obtain the necessary licence or registration from the designated regulator before commencing operations. This will become applicable once the proposed Draft Coal Exchange Rules, 2025, issued by the Ministry of Coal, are formally notified and brought into effect.
The establishment of Indian Coal Exchange Limited reflects IEX’s strategic expansion into the coal trading ecosystem and is expected to support the development of a structured and efficient marketplace for coal transactions in the country.
