Multi Commodity Exchange of India Limited announced that it has received approval from the Securities and Exchange Board of India to invest in a proposed Coal Exchange company. Pursuant to SEBI?s approval granted on April 17, 2026, Multi Commodity Exchange of India Limited plans to incorporate a new subsidiary, likely to be named ?MCX Coal Exchange Ltd.? or ?MCX Coal Exchange of India Ltd.?
Multi Commodity Exchange of India Limited will initially hold a 100% stake in the subsidiary, with the potential to join hands with strategic partners. A capital commitment of up to INR 1,000 million to comply with minimum net worth requirements as per draft Coal Exchange Rules. The newly incorporated company will submit an application to the Coal Controller Organization of India as and when prescribed.
Multi Commodity Exchange of India Limited is a commodity derivatives exchange. The Company facilitates online trading of commodity futures and options, data feed subscription and membership. It offers a platform for trading in varied commodity derivative contracts across product segments: bullion, base metals, energy, agricultural commodities and indices. Its flagship index series, MCX iCOMDEX, is a series of real-time commodity futures price indices, which give information on market movements in key segments traded on the exchange. The MCX iCOMDEX series consists of a composite index, apart from two sectoral indices, such as the Base Metal index, and the Bullion index, and four single-commodity indices, such as Gold, Silver, Copper, and Crude Oil. Its subsidiary, Multi Commodity Exchange Clearing Corporation Ltd, provides collateral management and risk management services, along with clearing and settlement of trades executed on the exchange.
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