National Stock Exchange of India Ltd. (NSE) has received approval from the Ministry of Corporate Affairs (MCA), Government of India, for reservation of the name “National Coal Exchange of India Limited.” The approval is limited to the reservation of the proposed company name and does not constitute any form of operational or regulatory license.

The move follows NSEIL’s board approval in February to set up a wholly owned subsidiary for the initiative, with proposed names including “National Coal Exchange”, “Bharat Coal Exchange” and “India Coal Exchange”. NSEIL has committed an initial capital infusion of up to ₹100 crore and will hold a 60% stake in the venture, with the remaining 40% to be offered to other shareholders.

Commenting on the development, Shri Ashishkumar Chauhan, MD & CEO, NSE, said: “We acknowledge & appreciate the approval received from the Ministry of Corporate Affairs for reservation of the name ‘National Coal Exchange of India Limited.’ 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 Organization in accordance with applicable regulatory requirements”.

The proposed coal exchange seeks to address these inefficiencies by creating a transparent, market-driven platform for trading, potentially improving price signals and allocation efficiency across the sector.