Centre may seek nod for coal exchange
The coal ministry is expected to seek approval for India’s first coal trading exchange as part of its 100-day action plan. The exchange aims to facilitate transparent coal trading for both captive and commercial auction holders, potentially leading to better prices for consumers. Surplus stock from Coal India Ltd may also be traded on the exchange. The ministry’s plan includes upgrading coal transportation and loading systems, adding 600 MW of thermal power capacity by NLC India Ltd, and bidding out around 10 coal gasification projects.
In a previous management commentary, IEX mentioned its plans to set up a coal exchange. This would be the third exchange subsidiary for IEX, following the Energy Exchange and Gas Exchange.
Sources:
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Centre may seek nod for coal exchange – The Economic Times**
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