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Coal India has allowed coal consumers in Bangladesh, Bhutan, and Nepal to directly participate in its Single Window Mode Agnostic (SWMA) e-auctions starting January 1, 2026. The board-approved move replaces trader-mediated access, aims to utilize surplus coal, and enhances transparency and competition while safeguarding domestic requirements.
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Direct access for neighboring markets strengthens transparency and offtake
Coal India’s revised framework enables foreign coal consumers in neighboring countries to bid alongside domestic buyers on the SWMA platform, marking a first for the company and streamlining cross-border procurement. The decision leverages surplus availability and aligns with Coal India’s calibrated market-expansion approach while protecting domestic supply commitments.
Key highlights
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Direct participation: Buyers in Bangladesh, Bhutan, and Nepal can now join SWMA e-auctions without using Indian traders.
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Board approval: CIL’s board cleared the mechanism changes to open SWMA access to foreign coal consumers.
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Transparency and competition: The move aims to enhance auction efficiency and global market integration.
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Surplus utilization: Reforms and moderated demand have created surplus coal, supporting exports via e-auction.
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Market reaction: Coal India’s stock rose 6.88% on the BSE following the announcement, reflecting investor confidence.
This step signals India’s coal sector maturing toward structured regional exports, with digitized auctions offering clearer price discovery and operational ease for neighboring economies while maintaining domestic supply priorities.
Sources: Financial Express; Business Standard; The Hindu BusinessLine; ET EnergyWorld
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