mjunction services limited is strengthening its role in India’s evolving coal landscape, leveraging more than two decades of sectoral expertise, a robust digital marketplace platform, and a buyer–seller network of nearly 30,000 participants. As India’s annual coal production surpasses one billion tonnes and private sector participation accelerates, the need for transparent price discovery and streamlined market access has become increasingly critical.
With traditional models such as auctions, allocations, and bilateral contracts facing operational constraints amid rising volumes, industry momentum is building around the creation of a market-based Coal Exchange. Widely regarded as a key structural reform, the proposed exchange would enable organised trading, competitive price discovery, improved liquidity, and equitable access for buyers and sellers. Drawing on its experience in operating large-scale coal e-auction platforms, mjunction has submitted recommendations to the Ministry of Coal on exchange design. The reform process has advanced with the release of the Draft Coal Exchange Rules, 2025, outlining the regulatory and operational framework for a digital coal marketplace.
The proposed structure will shift from a “one-to-many” supply system to a multi-buyer, multi-seller trading environment. Commercial miners are expected to benefit from faster inventory turnover and improved price realisation, while buyers would gain supply assurance, shorter procurement timelines, and wider sourcing options.
mjunction continues to deepen its partnership with Coal India Limited by managing e-auctions under the Single Window Mechanism Auction (SWMA) and conducting linkage auctions across power and non-regulated sectors such as cement, sponge iron, steel, captive power, and coal gasification. Since February 2025, nearly 160 SWMA auction events covering 2,569 lots have been executed. Over 2,200 electronic Fuel Supply Agreements have been generated and digitally completed, supported by electronic bank guarantees that reduce paperwork and turnaround time.
Between April and December 2025, the platform facilitated non-linkage offerings aggregating 119.81 million tonnes, hosted 257.82 million tonnes of linkage coal, and enabled 162.72 million tonnes under Shakti auctions for the power sector. Miner-specific mandates included 31.56 million tonnes for NLC India Limited and 1.32 million tonnes for Andhra Pradesh Mineral Development Corporation. Competitive digital auctions delivered price discovery gains of up to 30%, with participation from 3,746 unique buyers.
Expanding beyond coal, mjunction has entered oil, natural gas, and syngas trading, completing Tranche VIII of syngas e-auctions with customised digital features. It has also strengthened commercial and captive coal ecosystems, enabling approximately 10 million tonnes of commercial coal sales in FY26 and facilitating MSME-exclusive auctions from Suliyari mines.
Under the State Nominated Agency model, mjunction operates a fully automated coal distribution system for MSMEs in West Bengal, Maharashtra, and Bihar, supporting over 2,000 registered enterprises. With plans to expand into additional states, the company remains focused on advancing transparency, efficiency, and digital integration across India’s coal value chain. A 50:50 joint venture between Tata Steel and Steel Authority of India Limited, mjunction continues to drive digital transformation in B2B commerce across industries.
