Govt extends feedback window for coal trading exchange draft

23 Apr 2025 CW Team

Originally set to close on 6 April, the feedback window was extended via an official notification published on the ministry鈥檚 website. The CTE is being positioned as a major shift from India鈥檚 existing coal sales model, transitioning from the current 鈥榦ne-to-many鈥� format鈥攄ominated by state-run players like Coal India Ltd鈥攖o a 鈥榤any-to-many鈥� marketplace where both private and public sector players can buy and sell through a unified digital platform.

The proposed reform aims to boost price transparency, streamline coal transactions, and foster competition. The draft also suggests that the Coal Controller Organisation (CCO) be designated as the exchange鈥檚 regulator, in line with global commodity trading norms.

At present, coal sales in India are primarily routed through government channels, with limited space for private commercial activity. The CTE is expected to open up a broader market for both commercial and captive coal producers, featuring multi-party bidding and an integrated clearing and settlement mechanism to minimise transactional risks.

The reform comes as India鈥檚 coal output is projected to cross 1.5 billion tonnes by 2030, creating a possible supply surplus and necessitating a more market-driven approach. The ministry has indicated that the exchange could go live sometime in 2025, with operational details under final review.

Officials say the CTE will play a pivotal role in improving market dynamics, increasing private participation, and aligning the sector with India鈥檚 broader energy security and resource efficiency goals.

The Ministry of Coal has extended the deadline for public comments on the draft rules of the proposed Coal Trading Exchange (CTE) to 7 May 2025, giving stakeholders more time to weigh in on a key market reform aimed at overhauling how coal is bought and sold in India. Originally set to close on 6 April, the feedback window was extended via an official notification published on the ministry鈥檚 website. The CTE is being positioned as a major shift from India鈥檚 existing coal sales model, transitioning from the current 鈥榦ne-to-many鈥� format鈥攄ominated by state-run players like Coal India Ltd鈥攖o a 鈥榤any-to-many鈥� marketplace where both private and public sector players can buy and sell through a unified digital platform. The proposed reform aims to boost price transparency, streamline coal transactions, and foster competition. The draft also suggests that the Coal Controller Organisation (CCO) be designated as the exchange鈥檚 regulator, in line with global commodity trading norms. At present, coal sales in India are primarily routed through government channels, with limited space for private commercial activity. The CTE is expected to open up a broader market for both commercial and captive coal producers, featuring multi-party bidding and an integrated clearing and settlement mechanism to minimise transactional risks. The reform comes as India鈥檚 coal output is projected to cross 1.5 billion tonnes by 2030, creating a possible supply surplus and necessitating a more market-driven approach. The ministry has indicated that the exchange could go live sometime in 2025, with operational details under final review. Officials say the CTE will play a pivotal role in improving market dynamics, increasing private participation, and aligning the sector with India鈥檚 broader energy security and resource efficiency goals.

Real Estate

12 Jun 2025

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8鈥�10 new redevelopment projects across the city鈥檚 key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Real Estate

12 Jun 2025

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex鈥檚 initiatives across e-governance, heal..

Equipment

12 Jun 2025

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said, 鈥淲e are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..