Indian Energy Exchange Limited (IEX) has successfully incorporated a wholly owned subsidiary named Indian Coal Exchange Limited on June 01, 2026. This move is in line with regulatory requirements and aims to establish a dedicated platform for coal trading. The subsidiary will operate within the financial services industry, focusing on auxiliary activities for financial services and facilitating coal transactions.
New Subsidiary Formation
Indian Energy Exchange Limited (IEX) has announced the incorporation of a new wholly owned subsidiary company, officially named Indian Coal Exchange Limited. The incorporation date was June 01, 2026, with the Corporate Identity Number U66190DL2026PLC467125. This strategic development aligns with IEX’s expansion into new energy markets and its commitment to providing comprehensive trading platforms.
Operational Details of Indian Coal Exchange Limited
Indian Coal Exchange Limited is set to operate within the financial services industry, specifically under the division of ‘activities auxiliary to financial service activities’. Its primary function will be to act as a dedicated coal exchange. The platform will facilitate transactions, trading, and contract entries between buyers and sellers of coal in an online environment.
The incorporated entity’s paid-up share capital will be subscribed in cash. Shares were issued at a face value of Rs. 10/- per equity share. The authorized share capital for Indian Coal Exchange Limited is set at Rs. 1,00,00,00,000/- (Rupees One Hundred Crores), divided into 10,00,00,000 equity shares. Consequently, 100% shareholding is held by Indian Energy Exchange Limited.
Regulatory and Future Outlook
At the time of incorporation, no governmental or regulatory approvals were immediately required. However, the company anticipates the need to obtain a license or registration from the designated Regulator once the proposed Draft Coal Exchange Rules, 2025, are officially notified by the Ministry of Coal and come into force. This will enable the commencement and operation of coal exchange activities.
The information regarding the incorporation of this subsidiary is available on the company’s website at www.iexindia.com.
Source: BSE
