GNA Energy today announced it has incorporated a wholly owned subsidiary, Bharat Coal Exchange Private Limited (BCX), marking its entry into the coal exchange sector.
The company said it has received approval from the Ministry of Corporate Affairs (MCA) to incorporate its coal exchange entity. The Gurugram-based power trading firm will invest an initial ₹100 crore in the venture, Bharat Coal Exchange (BCX).
BCX has been set up to build the infrastructure, technology, and institutional partnerships required to operate a coal exchange platform for domestic and global participants, the company said. It will seek the necessary licences from the Coal Controller of India, the statutory authority overseeing coal and coke regulation in the country.
India is the world’s second-largest coal market after China, with annual production exceeding 1 billion tonnes. State-run Coal India accounts for nearly three-fourths of domestic output.
However, a large part of the coal trade continues through long-term fuel supply agreements, periodic e-auctions, and bilateral arrangements, with limited price transparency.
The Coal Exchange Rules, 2025, notified by the Ministry of Coal, provide the regulatory framework for organised, screen-based coal trading in the country. “The incorporation of Bharat Coal Exchange Private Limited marks a strategic step in our evolution as an energy market infrastructure player. We believe a transparent, technology-driven and well-regulated exchange can enhance price discovery, improve market efficiency and support the development of a more competitive coal ecosystem in India,” said Sanjeev Kumar, managing director, GNA Energy.
GNA Energy operates an OTC power trading platform and has been expanding into energy technology. The company recently launched its AI-driven analytics engine, Vidyut AI and introduced GNAi, a cloud-based power intelligence platform. The coal exchange venture marks its entry into the commodity market infrastructure.
