IEX incorporates subsidiary for coal trading platform
Indian Energy Exchange Limited (IEX) has incorporated a wholly owned subsidiary, Indian Coal Exchange Limited, to establish an online trading platform for coal buyers and sellers.
The new entity was incorporated on June 1, 2026, marking IEX’s entry into the coal trading segment. According to the company, the subsidiary will operate as a dedicated coal exchange and falls under the financial services category of activities auxiliary to financial service activities.
IEX holds 100% ownership in Indian Coal Exchange Limited. The subsidiary has been incorporated with an authorised share capital of Rs 100 crore, comprising 10 crore equity shares of Rs 10 each. The shares have been subscribed by IEX in cash at face value.
The company stated that no governmental or regulatory approvals were required for incorporation of the subsidiary.
Indian Coal Exchange Limited will require a licence from the designated regulator before commencing operations. The approval process will depend on the notification and implementation of the proposed Draft Coal Exchange Rules, 2025.
