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Informist, Friday, Jan. 2, 2026

 

--Coal India permits direct participation of foreign coal buyers in e-auction 

--Coal India allows Bangladesh, Bhutan, Nepal to participate in e-auction 

 

MUMBAI – Coal India Ltd. Friday said it will allow foreign coal buyers to directly participate in its single-window mode agnostic e-auctions to buy coal. The new arrangement came into effect from Thursday, the company informed bourses. The scheme would open e-auctions for coal consumers located in the neighbouring countries like Bangladesh, Bhutan and Nepal that wish to import coal from India. The single-window mode agnostic auction, offers coal that is not tied to a specific mode of transport, which helps streamline the process, increase transparency, and gives consumers more flexibility by letting them bid for coal that can be delivered by their preferred transport system.

 

"Opening SWMA e-auctions to foreign buyers reflects CIL's calibrated approach to market expansion while fully safeguarding domestic coal requirements. This step enhances transparency, competition and global market integration," Coal India quoted a senior company official as saying in its exchange filing. 

 

Before the new tweaks to the scheme, access to the company's coal by coal consumers across the borders was only through domestic coal traders who were allowed to buy and sell coal without any end-use restrictions.  

 

The mode of payment for the foreign buyers would be transparent as per the Foreign Exchange Management Act rules, the company said. Buyers from Nepal can make the payments in INR as well as US dollars and buyers from the other two countries are required to make their payment in US dollars, valuation of which would be in rupees.  

 

Coal India reported a consolidated net profit of INR 43.54 billion for the quarter ended September on a revenue of INR 301.87 billion. As of 1326 IST, shares of the company traded over 6% higher at INR 425 on the National Stock Exchange. End

 

US$1 = INR 90.1750

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by P. Madhu Kumar

Edited by Deepshikha Bhardwaj

 

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