National Stock Exchange of India (NSE) (File Photo)
National Stock Exchange (NSE) on Monday stated it has acquired approval from the Ministry of Corporate Affairs (MCA) to order the name “National Coal Exchange of India Limited” for its proposed coal exchange.
The transfer follows NSE’s board approval in February to arrange a wholly-owned subsidiary for the initiative, with proposed names, together with “National Coal Exchange”, “Bharat Coal Exchange” and “India Coal Exchange”.
In an announcement, NSE stated it has dedicated an preliminary capital infusion of as much as ₹100 crore and can maintain a 60 per cent stake within the enterprise; and the remaining 40 per cent can be provided to different shareholders.
“This is a key milestone achieved, and in due course we will be taking the necessary actions for applying for the requisite license with the Coal Controller Organisation in accordance with applicable regulatory requirements,” stated Ashishkumar Chauhan, MD & CEO at NSE.
The proposed coal exchange seeks to handle these inefficiencies by making a clear, market-driven buying and selling platform, doubtlessly bettering value indicators and allocation effectivity throughout the sector.
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First Published: Apr 13 2026 | 3:45 PM IST