Coal India Shares Soar to 52-Week High on Major E-Auction Policy Shift

• Coal India shares surged 7% to 427.6 on Friday, marking the highest level since December 2024 and becoming the top gainer on Nifty 50.
• The surge follows CIL's decision to allow direct participation of coal consumers from Bangladesh, Bhutan, and Nepal in its SWMA e-auctions.
• This new framework enables foreign buyers to bid directly alongside domestic buyers, a change from the previous system requiring domestic traders.
• Foreign buyers must complete one-time registration, use digital bidding, make advance electronic payments, and export via notified logistics channels.
• Payments from Nepal can be in INR or USD, while Bangladesh and Bhutan buyers must pay in USD.

Why It Matters: Coal India's new direct e-auction access for foreign buyers boosts shares to a 52-week high.