New Delhi, March 18 -- 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% an...