Partnership aims to boost risk management, market participation, and innovation across the country’s growing industrial metals sector

 

THEBUSINESSBYTES BUREAU

MUMBAI, JUNE 22, 2026

In a significant step towards deepening India’s commodity derivatives market, the National Stock Exchange of India Limited (NSE) has entered into a strategic partnership with Bharat Metal Exchange Ltd. (BME), formerly known as Bombay Metal Exchange Ltd., to promote the development, awareness, and adoption of non-ferrous metal derivatives in the country. The collaboration seeks to empower industry stakeholders with efficient price-risk management tools while fostering greater participation in India’s evolving metals market ecosystem.

National Stock Exchange of India Limited (NSE) has signed a Memorandum of Understanding (MoU) with Bharat Metal Exchange Ltd. (BME) to jointly promote the development, awareness, and adoption of non-ferrous metal derivatives in India. The MoU was signed by Mr. Sushil Kothari, President, BME, on behalf of BME.

With a rich legacy spanning more than nine decades, BME has built a strong global network across the non-ferrous metals trade and industry ecosystem. The collaboration brings together NSE’s robust derivatives market infrastructure and BME’s longstanding expertise and deep engagement with India’s physical non-ferrous metals sector. The partnership aims to strengthen market participation, enhance price-risk management practices, and support the development of efficient hedging tools for stakeholders across the non-ferrous metals value chain.

India is among the world’s largest consumers of industrial metals such as copper, aluminium, zinc, lead, and nickel. As domestic manufacturing, infrastructure development, renewable energy, and electric mobility continue to expand, market participants increasingly require transparent and efficient mechanisms to manage price volatility. Through this collaboration, NSE and BME will work together to develop new products in the non-ferrous metals segment and promote awareness of price-risk management through exchange-traded non-ferrous metal derivatives.

The collaboration will facilitate engagement with producers, consumers, processors, traders, importers, exporters, industry associations, and financial market participants, encouraging broader adoption of exchange-based risk management solutions.

Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, said: “India’s growing industrial economy requires efficient and transparent risk management tools to support businesses exposed to commodity price fluctuations. Through our collaboration with BME, we aim to deepen awareness and participation in non-ferrous metal derivatives, enabling market participants to manage price risks more effectively and contribute to the development of a vibrant commodity derivatives ecosystem in India.”

Sushil R. Kothari, President, BME, said: “We are delighted to partner with NSE through this important initiative aimed at strengthening India’s non-ferrous metals ecosystem. This collaboration will help bridge the gap between the physical and derivatives markets by creating greater awareness about risk management tools and encouraging wider participation from producers, consumers, traders and processors. We believe that the combined strengths of BME’s trade & industry expertise and NSE’s robust market infrastructure will contribute significantly to the growth and adoption of non-ferrous metal derivatives in India.”

As part of the collaboration, NSE and BME will jointly undertake industry outreach initiatives to enhance awareness of non-ferrous metal derivatives and their role in effective price-risk management.

The partnership reflects the shared commitment of NSE and BME to support the growth of India’s commodity markets and provide market participants with efficient, transparent, and robust risk-management solutions.