India to launch coal exchange soon, minister says

By Sethuraman N R

(Reuters) – India is planning to establish a coal exchange which will aim to stabilize prices of the fuel and improve its availability, the country’s coal minister G. Kishan Reddy said at an industry event on Monday.

“Last week we took a briefing on setting up coal exchange,” Minister added but didn’t disclose the exact timing on when the exchange will come up.

(Reporting by Sethuraman NR, writing by Yagnoseni Das in Bengaluru; Editing by Varun H K)

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