Coal India to Allow Direct Foreign Coal Auctions, Shares Hit 52-Week High
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Coal India to Allow Direct Foreign Coal Auctions, Shares Hit 52-Week High

Coal India Limited (CIL) will allow direct participation of coal buyers from Bangladesh, Bhutan, and Nepal in its online auctions starting January 1, 2026. This move aims to enhance transparency, competition, and global market integration while safeguarding domestic supply. Previously, foreign buyers relied on domestic traders. The announcement led to a significant surge in Coal India's share price, reaching a new 52-week high on Friday.

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