New Delhi, Jan. 2 -- In a move to boost the export of coal to overseas, the Coal India Limited (CIL) on Friday announced that coal consumers in the neighbouring countries, including Bangladesh, Bhutan and Nepal, who wish to import coal from India, can directly participate in the Single Window Mode Agnostic (SWMA) auctions conducted by the company.
The development comes after CIL had earlier conducted dialogues with the prospective coal consumers from abroad to categorise the enabling clauses and gauge their need for coal.
In an exchange filing, the company said the revised framework will be effective from January 1, as CIL's board cleared the decks recently, tweaking the scheme's mechanism in the SWMA auction.
Earlier, access to CIL's co...