IEX subsidiary Indian Coal Exchange applies for coal exchange licence

•IEX subsidiary Indian Coal Exchange Limited has applied for a coal exchange licence with the Coal Controller Organisation.

•The exchange will be a physical delivery-based platform for coal trading, providing an organised and transparent marketplace.

•The licence will be granted for 25 years, enabling captive/commercial miners and consumers to enter into delivery-based contracts.

•The exchange aims to promote transparent and efficient coal trading, improving efficiency and providing easier access to buyers.