The 19th Indian Coal Markets Conference 2026 organised by mjunction services limited kicked off under the theme “COALosseum: The Coal Battleground” bringing together policymakers, industry leaders, miners, power producers, logistics players and global market experts for two days of deliberations on the future of India’s coal sector.
V S Maharaj, ED-ICT, Coal India Ltd said Coal India is in favour of phased introduction of sale of coal through the coal exchange. “We are reform-aligned not reform-resistant. We support modernization, but reform must be calibrated, phased and aligned with national energy security,” he said.
Niladri Bhattacharjee, Partner, Grant Thornton Bharat, believes Coal Exchange would be more successful in a supply-comfortable or supply-surplus scenario. “Surplus coal situation would be good for coal exchange. It will keep prices in check despite market transaction charges and encourage the market to shift from its current D2C character” Bhattacharjee said.
Both Bhattacharjee and Maharaj believe prices should get settled at lower levels during trades at the exchange.
Giving an overview of the current state of the conference, Vinaya Varma, MD & CEO, mjunction services limited said: “On one hand, we are witnessing rapid economic growth and rising energy demand. On the other, we are committed to energy transition, sustainability, and decarbonisation. In between lies coal: indispensable today yet constantly fighting hard to exist in world with other competing forces of energy such as solar, wind, hydro & even nuclear.”
Coal or renewable, whatever be the form of energy, electricity costs need to be affordable.
"Our power tariffs should be competitive. To power the data centres, power should not only be green but also affordable." Pankaj Sapate, Executive Director (Fuel), Mahagenco, commented.
Despite the rapid rise of renewable energy, coal continues to be the reliable, cost effective and round the clock source of energy and remains the backbone of India's energy security, said Raj Bandhu Santosh, VP – Fuel Management, Adani Power Ltd.
Sessions through the day assessed demand trends across industries such as power, cement and sponge iron.
The 2-day event will also examine logistics issues, mining technology, sustainable equipment deployment and operational innovation, before concluding with networking engagements and the ICMC Awards.
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