MCX Secures SEBI Approval To Set Up Coal Exchange Subsidiary

24 Apr 2026 CW Team

MCX said it will incorporate the new firm, likely to be named MCX Coal Exchange Ltd or MCX Coal Exchange of India Ltd, and will initially hold a full equity stake. The filing indicated the subsidiary will be established to operate a specialised platform for coal trading under draft Coal Exchange Rules. The subsidiary is intended to provide a regulated marketplace for standardised coal contracts and to support price transparency. The move is positioned as part of MCX's strategy to broaden its commodities offerings.

The exchange said it will commit capital of up to Rs one billion to meet minimum net worth requirements under the draft rules. The amount converts the originally stated Rs 100 crore into an equivalent figure reported in the filing. The capital commitment is designed to ensure compliance with the draft rules and to establish operational infrastructure for the platform. MCX will hold the entire stake at incorporation while retaining the option to admit strategic partners at a later stage.

Market participants said the new platform will widen price discovery and liquidity for coal contracts once operational, and that details on product design and timelines will be finalised following incorporation. The company will proceed with necessary regulatory steps and internal approvals before commencing trading activities. Timelines were not disclosed in the filing and will be announced subsequently. Observers said the development would intensify competition among existing commodity platforms and provide an institutional avenue for physical coal transactions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Multi Commodity Exchange (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange company. The regulator granted approval on April 17, enabling MCX to proceed with plans to set up a wholly owned subsidiary. The exchange is India's leading commodity bourse and outlined the proposal in a regulatory filing. The development follows the filing and confirms the firm's intent to enter the coal trading space. MCX said it will incorporate the new firm, likely to be named MCX Coal Exchange Ltd or MCX Coal Exchange of India Ltd, and will initially hold a full equity stake. The filing indicated the subsidiary will be established to operate a specialised platform for coal trading under draft Coal Exchange Rules. The subsidiary is intended to provide a regulated marketplace for standardised coal contracts and to support price transparency. The move is positioned as part of MCX's strategy to broaden its commodities offerings. The exchange said it will commit capital of up to Rs one billion to meet minimum net worth requirements under the draft rules. The amount converts the originally stated Rs 100 crore into an equivalent figure reported in the filing. The capital commitment is designed to ensure compliance with the draft rules and to establish operational infrastructure for the platform. MCX will hold the entire stake at incorporation while retaining the option to admit strategic partners at a later stage. Market participants said the new platform will widen price discovery and liquidity for coal contracts once operational, and that details on product design and timelines will be finalised following incorporation. The company will proceed with necessary regulatory steps and internal approvals before commencing trading activities. Timelines were not disclosed in the filing and will be announced subsequently. Observers said the development would intensify competition among existing commodity platforms and provide an institutional avenue for physical coal transactions.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..