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Coal Exchange of India
June 10 , 2020
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- India will soon be setting up a coal trading platform as it gears up to bring in commercial mining in the coal sector.
- Under the proposal, the entire coal produced in the country will be traded on a platform called ‘Coal Exchange’.
- Coal Exchange will be an online coal trading platform where the pricing will be determined in a transparent manner on the basis of demand and supply.
- The setting up of India’s first coal trading platform is significant as it paves the way for the entry of multiple buyers and sellers in the coal sector.
- Coal Exchange is expected to be the only trading platform for organised sale of coal in India.
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