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Updated - April 20, 2026 at 06:57 PM.

| Mumbai, April 20

The Multi Commodity Exchange has received SEBI approval to invest in a proposed Coal Exchange company.

This marks MCX’s commitment to the energy sector and deepening commodity ecosystem. With highly liquid derivatives contracts on crude oil, natural gas and the launch last year of its electricity futures contract, the foray into coal via the new entity will make MCX’s energy presence comprehensive.

It is aimed at developing a regulated, transparent, technology-driven market platform for buying and selling coal that facilitates an efficient and robust price discovery for coal in the country.

MCX will incorporate a new subsidiary MCX Coal Exchange or MCX Coal Exchange of India for the initiative.

It will initially hold 100 per cent stake in the subsidiary, with the potential to join hands with strategic partners.

It will make a capital commitment of up to ₹100 crore to comply with minimum net worth requirements as per draft Coal Exchange Rules.

The exchange will provide a transparent, standardised digital platform for the physical delivery of coal at market-driven and robust prices.

The newly incorporated company will submit an application to the Coal Controller Organisation of India.

Published on April 20, 2026

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