Indian Energy Exchange Limited (IEX) has announced the incorporation of a new wholly owned subsidiary, Indian Coal Exchange Limited, as of June 1, 2026.
This new entity is set to operate as a coal exchange, providing a platform for buyers and sellers to transact coal online.
Indian Coal Exchange Limited, incorporated on June 1, 2026, is a wholly owned subsidiary of Indian Energy Exchange Limited.
The new entity is classified under the financial services industry, specifically focusing on activities auxiliary to financial service activities.
Its primary function will be to facilitate transactions and contracts for coal trading through an online platform.
The incorporation of Indian Coal Exchange Limited did not require any governmental or regulatory approvals at the outset.
However, the company will need to obtain a license or registration from the designated regulator once the Draft Coal Exchange Rules, 2025, proposed by the Ministry of Coal, are notified and come into force.
The shares of Indian Coal Exchange Limited have been subscribed at a face value of ₹10 per equity share.
The company has been incorporated with an authorised share capital of ₹1,00,00,00,000, divided into 10,00,00,000 equity shares of ₹10 each.
Indian Energy Exchange Limited holds 100% shareholding in the newly formed subsidiary.
The consideration for the subscription to the paid-up share capital of Indian Coal Exchange Limited has been made in cash.
This financial arrangement underscores the commitment of Indian Energy Exchange Limited to fully support the operations and growth of its new subsidiary.
As of June 01, 2026, at 2:51 PM, Indian Energy Exchange share price on NSE was trading at ₹126.64 down by 1.30% from the previous closing price.
The establishment of Indian Coal Exchange Limited marks a significant step for Indian Energy Exchange Limited in expanding its operational scope. By venturing into the coal trading sector, IEX aims to leverage its expertise in exchange operations to facilitate efficient coal transactions in India.
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Published on: Jun 1, 2026, 3:41 PM IST
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