Multi Commodity Exchange of India Ltd
MCX Launches Coal Exchange Subsidiary with SEBI Approval š„š
- MCX is establishing a new subsidiary, MCX Coal Exchange Ltd., to operate a regulated digital platform for coal trading with physical delivery.
- SEBI granted approval for the investment on April 17, 2026.
- MCX will initially hold 100% stake in the subsidiary, investing up to ā¹100 crore at ā¹10 per share par value.
- The platform aims to create transparent trading for coal within India's energy sector.
- Additional regulatory approval from the Coal Controller Organization of India will be sought after incorporation.