Indian Energy Exchange (IEX) Share Price in Focus; Subsidiary Applies for Coal Exchange Licence

Indian Energy Exchange (IEX) announced on September 28, 2026, that its wholly owned subsidiary, Indian Coal Exchange Limited, has applied for a licence with the Coal Controller Organisation (CCO). The CCO is the regulatory authority for coal exchanges.  

About Indian Coal Exchange 

Indian Coal Exchange was incorporated on June 1, 2026, with an authorised share capital of ₹100 crore. The company plans to operate a physical delivery-based coal trading exchange under the Coal Exchange Rules, 2026.  

The proposed exchange will provide a platform for coal buyers and sellers to conduct transactions. Trades will be carried out at designated delivery points.  

The exchange is also expected to provide a system for price discovery and give participants access to the coal market through one platform.  

IEX’s Coal Market Plans 

The proposed exchange will be IEX’s entry into the coal market. The company currently operates in electricity trading, while its other energy market businesses include the Indian Gas Exchange (IGX) and activities related to I-REC issuance in India.  

IEX said Indian Coal Exchange will be based on its 18 years of experience with technology-driven trading platforms.  

Its existing exchange provides a nationwide automated platform for physical delivery of electricity, renewable power, renewable energy certificates, and energy saving certificates.  

IEX Background 

IEX has been listed on the NSE and BSE since 2017. Its electricity exchange has been approved and regulated by the Central Electricity Regulatory Commission since June 27, 2008.  

Read More: Adani Energy Solutions Share Price in Focus; Incorporates 8 Wholly Owned Subsidiaries for Electricity Business! 

Indian Energy Exchange (IEX) Share Price Performance  

As of September 28, 2026, 12:03 pm, Indian Energy Exchange (IEX) share price was trading at ₹111.90, a 0.71% decrease from the previous closing price. 

Conclusion 

The licence application marks the next step in setting up Indian Coal Exchange. The subsidiary will require approval from the CCO before beginning operations as a coal exchange under the Coal Exchange Rules, 2026. 

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