News Desk, News Nation 360 : Recently, mjunction services limited, the biggest business-to-business e-commerce company in India, began its two-day 18th Indian Coal Markets Conference in Kolkata. The conference's subject, "Future of coal: Towards a free market," gave business executives a chance to summarise the revolutionary shifts the coal industry is going through. Delivering the welcome address, Vinaya Varma, MD & CEO of mjunction Services Limited stated that the foundation of India's energy industry is still coal. It is anticipated that coal would continue to be India's primary energy source despite large investments in renewable energy. Nonetheless, the industry is undergoing significant changes, with commercial and captive coal mines generating 173 million tonnes through February of FY25, a 30% YoY increase. Additionally, modernising infrastructure—such as coal handling facilities and rail networks—is improving efficiency and simplifying logistics. Due to market-based pricing and commercial coal mining, the industry is becoming more liberalised. Improving pricing transparency is the goal of the proposed coal trading stock market. "The Future of Coal: Towards a Free Market" is the conference subject for this year, and it represents this change. Discussions on the first day of the conference brought to light the ongoing significance of coal in the nation's energy mix, and also addressed important issues facing the coal and energy sectors.
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