Mumbai, April 20 -- The exchange plans to incorporate a wholly owned subsidiary, likely to be named MCX Coal Exchange or MCX Coal Exchange of India, following SEBI's approval granted on 17 April 2026.

The proposed entity will focus on developing a regulated, transparent and technology-driven platform for buying and selling coal, aimed at enabling efficient price discovery in the domestic market.

MCX said it will initially hold a 100% stake in the subsidiary, with the option to induct strategic partners at a later stage. The company has committed to invest up to Rs 100 crore to meet the minimum net worth requirements outlined in the draft Coal Exchange Rules.

The platform is expected to offer a standardized digital marketplace for phy...