Coal Exchange Proposal: The NSE Board has taken key decisions relating to its proposed IPO (Initial Public Offering), including further strengthening its governance framework through the reconstitution of a dedicated IPO Committee.
The composition of the re-constituted IPO Committee is as follows: Shri. Tablesh Pandey – Chairperson (Non-Independent Director), Shri. Srinivas Injeti – Member (Public Interest Director), Prof. (Dr.) Mamata Biswal – Member (Public Interest Director), Justice (Retd.) Smt. Abhilasha Kumari – Member (Public Interest Director), Prof. G. Sivakumar – Member (Public Interest Director), and Shri. Ashishkumar Chauhan – Member (Managing Director & CEO).
The NSE Board has approved the incorporation of a wholly owned subsidiary to set up a coal exchange, subject to regulatory approvals.
The proposed subsidiary may be named National Coal Exchange, Bharat Coal Exchange, or India Coal Exchange, as approved by the Ministry of Corporate Affairs.
The coal exchange will be incorporated in line with the Coal Regulations, 2025, notified by the Ministry of Coal. NSE has approved capital infusion of up to ₹100 crore in the proposed coal exchange subsidiary.
The National Stock Exchange of India (NSE) is India’s leading stock market platform and one of the world’s largest derivatives exchanges.
