Indian Coal Markets Conference 2026: mjunction Ready to Support India’s Coal Sector Transition

With more than two decades of experience in the coal sector, a robust digital marketplace platform and a buyer–seller ecosystem comprising nearly 30,000 participants, mjunction has positioned itself as a key enabler in India’s evolving coal market as the country moves toward a more transparent and market-driven trading framework.

India’s annual coal production has crossed the significant milestone of one billion tonnes and is expected to grow further with increasing private sector participation. As volumes expand and market dynamics become more complex, traditional mechanisms such as auctions, government allocations and bilateral contracts are increasingly seen as insufficient for ensuring transparent price discovery and efficient market access.

Towards a Market-Based Coal Exchange

mjunction believes it is well placed to support the transition towards a market-based Coal Exchange — a reform widely viewed as critical for enabling organised trading, competitive price discovery and improved market efficiency.

Drawing on its experience in operating large-scale coal e-auction platforms, the company has submitted recommendations to the Ministry of Coal on the proposed exchange framework. Momentum for the reform has increased following the release of the Draft Coal Exchange Rules, 2025, which outline the regulatory structure for a digital coal trading marketplace.

The proposed exchange aims to move beyond the traditional “one-to-many” supply model by enabling multi-buyer, multi-seller participation. Such a framework is expected to help commercial miners achieve faster inventory liquidation and better price realisation, while buyers benefit from assured supply, shorter procurement cycles and greater supplier choice.

Strengthening Partnership with Coal India Limited

mjunction continues to deepen its long-standing partnership with Coal India Limited (CIL) by supporting e-auctions under the Single Window Mechanism Auction (SWMA) and linkage auctions across both the Power and Non-Regulated Sectors, including cement, sponge iron, steel, captive power and coal gasification.

Since signing the SWMA agreement in February 2025, the platform has conducted nearly 160 auction events covering 2,569 lots between February and December 2025. In linkage auctions, more than 2,200 electronic Fuel Supply Agreements (e-FSAs) were digitally executed along with electronic bank guarantees (e-BGs), significantly reducing turnaround time and paperwork.

Non-Linkage and Shakti Auctions

Between April and December 2025, mjunction enabled non-linkage coal offerings aggregating 119.81 million tonnes, including 84.42 million tonnes under SWMA. The platform also hosted 257.82 million tonnes of linkage coal and facilitated 162.72 million tonnes under Shakti auctions for the power sector.

Additionally, miner-specific auctions included 31.56 million tonnes for NLC and 1.32 million tonnes for APMDC. mjunction also secured mandates under Shakti Window II and Shakti B-III linkage e-auctions for the next three years, reinforcing market confidence in its digital ecosystem.

During the past year, 3,746 unique buyers participated on the platform, including 1,581 active linkage buyers across sponge iron, cement, captive power, steel and gasification sectors. Competitive digital auctions delivered price discovery gains of up to 30 percent.

Expansion into Oil, Gas and Syngas Markets

Expanding beyond coal, mjunction has entered oil, natural gas and syngas markets. The company successfully completed Tranche VIII of syngas e-auctions with customised auction features and onboarding of new participants, marking a strategic transition towards a multi-commodity energy marketplace.

Supporting Commercial, Captive and MSME Coal Ecosystems

The platform has emerged as a preferred digital partner for commercial and captive coal producers by offering end-to-end solutions covering coal sales and dispatch management. In FY26, approximately 10 million tonnes of commercial coal were sold through the platform, alongside 1.25 million tonnes through exclusive MSME e-auctions from APMDC’s Suliyari mines.

Beyond auctions, mjunction manages the entire post-sale lifecycle — including payments, delivery orders, inventory tracking, weighment, e-invoicing, e-challan generation and automated refunds — ensuring paperless workflows and 99.9 percent system uptime.

Digital Coal Distribution for MSMEs

Under the State Nominated Agency (SNA) model, mjunction operates a transparent digital coal distribution platform for MSMEs in West Bengal, Maharashtra and Bihar. The system enables small consumers to procure coal at notified prices entirely online, eliminating intermediaries.

More than 2,000 MSMEs are registered on the platform, with coal worth approximately ₹300 crore distributed since inception and around 4.5 lakh tonnes supplied annually.

Building on this success, the company plans to expand the MSME coal e-distribution model to Assam, Jharkhand, Madhya Pradesh and Uttar Pradesh.

Driving a Transparent Coal Ecosystem

Through continuous technological innovation, digital integration and stakeholder engagement, mjunction remains committed to strengthening India’s evolving coal ecosystem and supporting the transition towards a transparent, efficient and market-driven energy marketplace.