The National Stock Exchange (NSE) has received approval from the Ministry of Corporate Affairs (MCA) to reserve the name “National Coal Exchange of India Limited” for its proposed subsidiary, marking a key step toward establishing a dedicated coal trading platform.
The initiative follows NSE’s earlier board approval to set up the subsidiary, with the exchange committing an initial capital infusion of up to ₹100 crore and planning to hold a 60% stake, while the remaining 40% will be offered to other shareholders.
The proposed coal exchange aims to create a transparent, market-driven platform for coal trading, improving price discovery and efficiency in India’s largely fragmented coal market.
NSE management indicated that this approval is a key milestone, with the next steps involving applying for necessary regulatory licences from the Coal Controller Organisation to operationalise the exchange.
