MCX received SEBI approval on April 17, 2026, to incorporate a new 100% owned subsidiary for a coal exchange.
The exchange will invest up to ₹100 Crore to meet net worth requirements for the new coal trading platform.
The coal exchange aims to create a transparent, digital platform for physical coal delivery and price discovery.
This marks MCX's expansion into comprehensive energy sector coverage alongside its existing crude oil, natural gas, and electricity contracts.