IEX Explores Options for Setting Up Coal Exchange

30 May 2023 CW Team

Indian Energy Exchange (IEX) has reported flat revenues and net profit for Q4 FY23 and the fiscal year. The company has said that it is exploring options for setting up a coal exchange in India. This would be the third exchange subsidiary that the energy exchange is setting up, after the Indian Gas Exchange in 2020 and the Indian Carbon Exchange in December 2022. IEX also plans to bring in trading in petroleum product pipeline capacity.

The company reported a net profit of ₹82.8 crore for the last quarter and ₹292.69 crore for FY23, compared with ₹80.8 crore and ₹302.51 crore, respectively, for FY22. The company's board has recommended a dividend of ₹1 per share of face value of ₹1 (100%).

Revenues for the quarter and the full year were ₹129.60 crore and ₹474 crore, respectively, compared with ₹127.75 crore and ₹477.87 crore for Q4 and FY22.

The company expects a bright future both because of new products (derivatives, contracts for differences, and virtual PPAs) and new businesses (carbon exchange, coal exchange, and pipeline capacity trading). It also expects business growth from wind and solar companies who set up capacities from which they would sell their electricity through the market, rather than through long-term power purchase agreements with customers.

In 2022-23, IEX also did a buyback of equity shares from the open market route. It purchased and extinguished 69.7 lakh equity shares from the stock markets, spending ₹98 crore. The bought-back shares amounted to 0.78% of the pre-buyback equity share capital of the company.

On the NSE, the IEX share (of the face value of ₹1) was ₹156, which was 25 paise (16%) higher than the previous close.

Also Read
Smart City Mission faces delays in 7 cities
Nellore takes steps toward a waste-free city

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..