MCX Gets SEBI Nod for New Coal Exchange Subsidiary

Multi Commodity Exchange of India Ltd (MCX) has received approval from SEBI to establish a new subsidiary, likely named 'MCX Coal Exchange Ltd.', to operate a regulated coal exchange. This move signifies MCX's expansion into the energy sector, complementing its existing offerings in crude oil, natural gas, and electricity. The subsidiary will initially be wholly owned by MCX with a capital commitment of up to ₹100 Crore. The exchange aims to create a transparent, technology-driven platform for coal trading, facilitating efficient price discovery and physical delivery. This initiative deepens MCX's commodity ecosystem and strengthens its energy market presence.