Mumbai, Jan. 9 -- National Stock Exchange of India announced that it is in discussion on a strategic collaboration with Indian Gas Exchange (IGX) to develop and launch Indian Natural Gas Futures, a landmark initiative aimed at strengthening India's natural gas market ecosystem.

The proposed futures contract will provide market participants with a transparent, efficient, and robust risk-management tool aligned with India's evolving natural gas pricing framework, according to a statement from NSE.

This collaboration brings together NSE's deep expertise in the derivatives market and IGX's leadership in spot natural gas trading, price discovery, and physical market development.

The introduction of Indian Natural Gas Futures is expected to ...