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MCX gets SEBI approval to incorporate new coal exchange

20 Apr 2026 Evaluate

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.


Multi Commodity Exch Share Price

2973.15 70.95 (2.44%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Motilal Oswal Fin 882.20
Angel One 316.80
IIFL Capital Service 331.45
Nuvama Wealth 1414.30
Share India Sec. 146.50
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