{
  "id": 1669650,
  "title": "MCX plans India coal and ore exchanges to boost price discovery",
  "url": "https://urgent.news/2026/08/18/mcx-plans-india-coal-and-ore-exchanges-to-boost-price-discovery",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T08:20:35.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/mcx-plans-india-coal-and-ore-exchanges-to-boost-price-discovery/article71359407.ece"
  },
  "original_language": "en",
  "account": "Multi Commodity Exchange of India Ltd. is investing up to 2 billion rupees ($21 million) to establish coal and minerals trading platforms, as the government opens the sectors to enhance price discovery and transparency in the domestic market. The exchange is seeking licenses to launch these platforms, with Managing Director Praveena Rai revealing the plans in an interview. MCX has already incorporated separate units to manage the two trading operations. The Securities and Exchange Board of India has approved the exchange's plan to invest around ₹1 billion in each new venture. However, it requires approvals from the Coal Controller Organization and the Indian Bureau of Mines to proceed. Currently, India is a significant producer of coal and minerals, but their prices are largely determined abroad. The government has issued rules for commodity exchanges to initiate trading in coal, iron ore, bauxite, and other minerals, allowing sellers and buyers to trade physical delivery contracts through centralized electronic platforms. This move aims to create a more transparent pricing system and boost supply chain efficiency. Prime Minister Narendra Modi's government has opened portals for applications to license new coal exchanges, and the portal for minerals bourses will launch soon. MCX, which primarily deals in gold and energy derivatives, anticipates robust growth in these new segments. Rai expressed optimism about the potential for each segment to flourish, emphasizing MCX's commitment to advancing these commodity markets.",
  "summary": "Sellers and buyers will be allowed to trade physical delivery contracts through centralized electronic platforms, creating a more transparent pricing system and improving supply chain efficiency",
  "key_points": [
    "MCX invests up to ₹2 billion to create coal and minerals exchanges.",
    "Government opens sectors to improve price discovery and transparency.",
    "MCX seeks licenses from Coal Controller Organization and Indian Bureau of Mines."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}