Shares of Indian Energy Exchange (IEX) rose by more than 3% on Wednesday, March 18, following the company’s announcement that its board has provided in-principle approval to consider the creation of a Coal Exchange.
The company stated that it will provide additional information as future events unfold, in compliance with relevant regulations.
“We wish to inform that the Board of Directors of the Company, at its meeting held today, i.e., March 18, 2026, has accorded its in-principle approval to explore the business opportunity of establishing a Coal Exchange, in line with the proposed “Coal Regulations 2025” issued by The Ministry of Coal,” said the company in an exchange filing.
Last week, IEX reported a 30.4% annual increase in electricity trading volume on its platform, reaching 12,550 million units (MU) in February.
Additionally, the total number of renewable energy certificates (RECs) traded last month was 18.86 lakh, reflecting a year-on-year growth of 15.2 percent, according to an IEX announcement.
The exchange achieved a monthly trading volume of 12,550 MU in February 2026, which is 30.4 percent greater than the figures from the same month the previous year.
Between February 11 and February 25 this year, a total of 18.86 lakh RECs were traded, with prices ranging from ₹333 to ₹337 each.
IEX – Q3 results
IEX reported an 11% increase in consolidated net profit to ₹119.10 crore for the December quarter, driven by higher income levels.
In the October-December period of the previous financial year 2024-25, the company had a net profit of ₹107.29 crore, as stated in an exchange filing.
Total income rose to ₹183.06 crore, compared to ₹160.53 crore in the same quarter last year.
The company’s board also sanctioned an interim dividend of ₹1.5 per equity share with a face value of Re 1 each for the financial year 2025-26.
