MCX and NSE Get SEBI Coal Exchange Nod
Analysis based on 14 articles · First reported Apr 19, 2026 · Last updated Apr 20, 2026
The approvals for Commodity Exchange Act and National Stock Exchange of India to establish coal exchanges are expected to enhance transparency and efficiency in India's coal market, potentially leading to better price discovery and increased trading volumes. This development is positive for the financial services sector in India and could impact the energy and industrial sectors by providing a more regulated platform for coal procurement.
Commodity Exchange Act (MCX) has received approval from the India — Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange company. Following this, MCX plans to incorporate a wholly owned subsidiary, likely named Multi Commodity Exchange, with an initial capital commitment of up to Rs 100 crore. This new entity will provide a digital platform for physical coal trading, aiming to create a regulated, transparent, and technology-driven market for coal in India. The move expands MCX's energy portfolio, which already includes crude oil, natural gas, and electricity futures. Concurrently, National Stock Exchange of India (NSE) also received SEBI approval for its proposed coal exchange subsidiary, National Coal Exchange of India Limited, committing up to Rs 100 crore and holding a 60% stake. Both exchanges will seek further regulatory approvals from the India — Coal Controller s Organization once the framework is finalized. This initiative is aligned with the Government of India's vision for improving price discovery and efficiency in the coal sector.
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