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CIL opens up auction to foreign buyers

Financial Express Lucknow

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January 03, 2026

RECENT YEARS OF reforms in the coal sector such as commercial coal mining by the private sector and free open market sale from captive mines have produced a surplus in the market, prompting the state-run miner Coal India on Friday to open up its e-auction to buyers from Bangladesh, Bhutan and Nepal, reports FE Bureau.

With last summer being moderate, the demand for coal from the ther-mal power sector has been subdued, resulting in surplus stocks at pitheads.

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