Kolkata: With over two decades of
coal-sector expertise, a proven digital marketplace platform and a buyer–seller
ecosystem of nearly 30,000 participants, mjunction is well positioned to
support India’s coal sector transition.
India’s coal production has
crossed 1 billion tonnes annually and is set to rise further with growing
private sector participation. As volumes expand and market complexity
increases, traditional mechanisms—auctions, government allocations and
bilateral contracts—are becoming inadequate for transparent price discovery and
efficient market access.
mjunction is ideally placed to
support the shift towards a market-based Coal Exchange. A Coal Exchange is
widely viewed as a critical structural reform to enable organised, transparent
trading and competitive price discovery. An exchange-led framework would
enhance liquidity, improve marketing efficiency and provide equal access to
buyers and sellers.
Drawing on its experience in
operating large-scale coal e-auction platforms, mjunction submitted
recommendations to the Ministry of Coal on the proposed exchange design. The
reform has gained momentum with the release of the Draft Coal Exchange Rules,
2025, outlining the structure and regulation of a digital coal trading
marketplace.
The proposed exchange would move
beyond the traditional “one-to-many” supply model, enabling multi-buyer,
multi-seller participation. Commercial miners would benefit from faster
inventory liquidation and better price realisation, while buyers would gain supply
assurance, shorter procurement cycles and wider supplier choice.
Strengthening partnership with
Coal India Limited
mjunction continues to reinforce
its long-standing partnership with Coal India Limited (CIL) by supporting
e-auctions under the Single Window Mechanism Auction (SWMA) and linkage
auctions across the Power and Non-Regulated Sectors (NRS), including cement,
sponge iron, steel (coking), captive power and coal gasification.
Since signing the SWMA agreement
in February 2025, mjunction has conducted nearly 160 auction events, covering
2,569 lots between February and December 2025. In linkage auctions, over 2,200
electronic Fuel Supply Agreements (e-FSAs) were generated and digitally
executed, alongside the adoption of electronic bank guarantees (e-BGs),
significantly reducing turnaround time and physical documentation.
Non-linkage and Shakti auctions
Between April and December 2025,
mjunction enabled non-linkage offerings aggregating 119.81 million tonnes,
including 84.42 million tonnes under SWMA. Additionally, it hosted 257.82
million tonnes of linkage coal and facilitated 162.72 million tonnes under
Shakti auctions for the power sector.
The platform also managed
miner-specific auctions, including 31.56 million tonnes for NLC and 1.32
million tonnes for APMDC. mjunction secured mandates under Shakti Window II
(Medium/Long-Term) and Shakti B-III linkage e-auctions for the next three years,
reinforcing market confidence.
Over 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%.
Expansion into oil, gas and syn
gas
mjunction has expanded into oil,
natural gas and syngas markets, and completed Tranche VIII of syngas e-auctions
with customised features and new participant onboarding—marking a strategic
shift towards multi-commodity energy marketplaces.
Commercial, captive and MSME
coal ecosystems
mjunction has emerged as the
preferred digital partner for commercial and captive coal producers, offering
an integrated end-to-end platform for coal sales and dispatch. In FY26, around
10 million tonnes of commercial coal were sold through the platform, along with
1.25 million tonnes via exclusive MSME e-auctions from APMDC’s Suliyari mines.
Beyond auctions, the platform
manages the full post-sale lifecycle—payments, delivery orders, production and
inventory tracking, weighment, e-invoicing, e-challan generation and automated
refunds—ensuring paperless workflows and 99.9% system uptime.
Digital coal e-distribution for
MSMEs
Under the State Nominated Agency
(SNA) model, mjunction operates a transparent, fully automated coal
distribution platform for MSMEs in West Bengal, Maharashtra and Bihar. The
system enables small consumers to procure coal at notified prices without intermediaries,
fully online—from allocation to lifting and grievance redressal.
More than 2,000 MSMEs are
registered on the platform. Since inception, coal worth approximately Rs 300
crore has been distributed, with around 4.5 lakh tonnes supplied annually.
Building on this success,
mjunction is working to expand its MSME coal e-distribution model to Assam,
Jharkhand, Madhya Pradesh and Uttar Pradesh.
Through continuous innovation,
digital integration and strong stakeholder engagement, mjunction remains
committed to strengthening India’s evolving, transparent and market-driven coal
ecosystem.