India launches first coal exchange for enhanced industry, online transactions, and stabilized prices.

India is launching its first coal exchange to enhance the coal industry, as announced by Minister G. Kishan Reddy. The platform will facilitate transactions, stabilize prices, and improve availability through an online interface and oversight by the Coal Controller Organisation. This initiative is part of India's strategy to strengthen its energy sector and address rising domestic coal demand, with plans to import coking coal from Russia if necessary.

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