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.

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.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Real Estate

14 May 2026

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

Infrastructure Urban

14 May 2026

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..