https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

India to Launch First Coal Exchange Soon; Aims to Boost Market Efficiency and Price Discovery

The coal exchange is expected to enable broader participation from both buyers and sellers, allowing coal to be traded as a commodity.
Indian Masterminds Stories

India is set to launch its first coal exchange soon, as announced by Minister for Coal, G Kishan Reddy, during a stakeholder consultation on the Mine Developers-cum-Operators (MDO) regime. Reddy shared that plans for the exchange were discussed at a recent meeting, and a draft proposal for its creation has already been circulated for inter-ministerial review. A final note has also received approval from the Cabinet Committee on Economic Affairs (CCEA).

The coal exchange is expected to enable broader participation from both buyers and sellers, allowing coal to be traded as a commodity. This platform will support market-driven price discovery and facilitate transactions through an online system, which will include mechanisms for clearing and settlement. The Coal Controller Organisation will oversee the functioning of the exchange, aiming to improve coal availability in the market.

To meet India’s target of producing 1.5 billion metric tonnes of coal in the next 4-5 years, Coal India Limited (CIL) must award projects and coal mines to mine developers and operators (MDOs), according to CIL Chairman PM Prasad. He emphasised that achieving this goal is essential for reducing reliance on thermal coal imports, in line with Prime Minister Narendra Modi’s directive. Prasad called for close collaboration between authorities and mine operators to meet the ambitious production target, stressing that public and private sector cooperation is critical.

Union Minister G Kishan Reddy also highlighted the importance of involving state governments in consultations on the MDO regime. He noted that India’s rapid economic growth, driven by manufacturing, requires reliable electricity, which in turn demands an increase in coal production. Reddy stressed that expanding coal output is vital for achieving the government’s goal of self-sufficiency in the coal sector, furthering the vision of Aatmanirbharta (self-reliance) promoted by Prime Minister Modi.

Vismita Tej, Additional Coal Secretary, also underscored the significance of the MDO model, describing it as a key partnership between the public and private sectors. She explained that the model helps boost productivity, sustainability, and long-term growth in the coal industry. The collaboration between government initiatives and private sector expertise is essential for modernising coal mining operations and driving innovation, according to Tej.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Chandigarh logo-resized
UT Cadre Dominance Grows in Chandigarh: 3 IAS Officers to Join; 41 ASIs Promoted, 61 Policemen Transferred - Check the All Names Here
IAS Officers Indian Administrative Services IAS logo
Supreme Court Stays Trial Against Former Haryana IAS Officer Rajeev Arora in Manesar Land Case - Know the Case Here
INS Arnala
INS Arnala Set to Boost Coastal Defence: Indian Navy to Commission INS Arnala on June 18 - First in ASW-SWC Series
WAPCOS
WAPCOS & OHPC Sign Agreement for PMC Services of 600 MW Upper Indravati Pumped Storage Project in Odisha
IAS-Officer-Logo
IAS Arjit Mahajan Transferred in Assam; IRS Abhishek Kumar Appointed Deputy Secy, Ministry of Textiles
IAS Officers Indian Administrative Services (IAS)
IAS Officer Saurav Pahari Prematurely Repatriated to West Bengal Cadre from Tea Board
Chenab River Bridge
SAIL Supplies 16,000 Tonnes of Steel for World’s Tallest Railway Bridge over Chenab River in Jammu & Kashmir
Haryana gov resized
Haryana: Govt Restructures Chief Minister’s Office; IAS Rajesh Khullar Now Handles 16 Depts, New Roles for Arun Gupta, Saket Kumar, & Yash Pal
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
Monika Singh’s Life Beyond the Bureaucracy | Video Interview 
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
ADVERTISEMENT
UPSC Stories
Divyanshu Pal Nagar IFS
5 Years, 5 Mains, 4 Interviews: How Divyanshu Pal Nagar Stumbled in CSE, Triumphed in IFS - A Lesson for Every Aspirant
Divyanshu Pal Nagar’s inspiring five-year UPSC journey shows how perseverance, disciplined self-study,...
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
Social Media
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
shubham kumar ias marriage
IAS Topper Weds BPSC Topper: Shubham Kumar Marries IRS Officer Priyangi Mehta in Patna; Wedding Video Goes Viral
Topper Couple Alert: Shubham Kumar, Priyangi Mehta’s Wedding Grabs Spotlight in Bihar
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Chandigarh logo-resized
UT Cadre Dominance Grows in Chandigarh: 3 IAS Officers to Join; 41 ASIs Promoted, 61 Policemen Transferred - Check the All Names Here
IAS Officers Indian Administrative Services IAS logo
Supreme Court Stays Trial Against Former Haryana IAS Officer Rajeev Arora in Manesar Land Case - Know the Case Here
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Monika Singh
IAS Tushar G Nikhare
IMG-20250523-WA0036
ADVERTISEMENT
ADVERTISEMENT