SECTOR
MCX gets SEBI approval to incorporate new coal exchange
Apr-20-2026

Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to invest in a proposed Coal Exchange company. This marks MCX’s significant commitment into the energy sector and deepening commodity ecosystem. With highly liquid derivatives contracts on crude oil, natural gas and the launch last year of its electricity futures contract, the foray into coal via the new entity, will make MCX’s energy presence comprehensive. It is aimed at developing a regulated, transparent, technology-driven market platform for buying and selling coal that facilitates an efficient and robust price discovery for coal in the country.

With SEBI’s approval granted on April 17, 2026, MCX plans to incorporate a new subsidiary, likely to be named ‘MCX Coal Exchange’ or ‘MCX Coal Exchange of India’. MCX will initially hold a 100% stake in the subsidiary, with the potential to join hands with strategic partners. 

MCX offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts.


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