Coal India Share Price Surges Over 4%; Opens E-Auction to Foreign Buyers Effective January 1, 2026

Coal India Limited (CIL) has made a significant move by permitting direct participation of foreign coal buyers in its e-auctions. This initiative, effective from January 1, 2026, is aimed at expanding CIL's market reach while ensuring domestic coal needs are met. 

Direct Participation in E-Auctions 

For the first time, CIL has allowed coal consumers from neighbouring countries such as Bangladesh, Bhutan, and Nepal to participate directly in its Single Window Mode Agnostic (SWMA) auctions.  

This decision, approved by CIL's Board, marks a shift from the previous system where foreign buyers accessed coal through domestic traders. 

Under the updated framework, foreign buyers can now engage in SWMA auctions alongside domestic buyers. This change is intended to enhance transparency, competition, and integration into the global market. 

Operational and Procedural Modalities 

The revised scheme includes several key provisions for foreign buyers. These include a one-time registration process, digital bidding, advance electronic payments, and export through designated logistics channels. The payment process will adhere to the Foreign Exchange Management Act (FEMA) rules. 

Buyers from Nepal have the option to make payments in INR (₹) or USD ($), while buyers from Bangladesh and Bhutan are required to make payments in USD ($), with valuation based on INR (₹). 

Coal India has engaged in discussions with potential foreign coal consumers to understand their requirements and incorporate necessary enabling clauses in the updated scheme. 

Read More: Coal India Subsidiaries IPO: PMO Directs Company to List All Units by 2030! 

Coal India Share Price Performance  

As of January 02, 2026, at 12:25 PM, Coal India share price on NSE was trading at ₹419.75 up by 4.82% from the previous closing price. 

Conclusion 

Coal India's decision to allow direct participation of foreign buyers in e-auctions represents a strategic approach to market expansion. By facilitating easier access for neighbouring countries, CIL aims to foster a more competitive and transparent coal market. 

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