Coal India Ltd shares jumped nearly 6 per cent, reaching a 52-week high after the company allowed direct participation by foreign buyers in its e-auctions.
From January 1, buyers from Bangladesh, Bhutan, and Nepal can bid directly through the Single Window Mode Agnostic (SWMA) platform, removing the need for domestic intermediaries.
The board approved changes to the auction system to widen market access, improve transparency, and support coal offtake amid soft domestic demand. Investors reacted positively, sending the Maharatna PSU’s stock sharply higher, reflecting confidence in growth prospects.