Coal min to set aside blocks for end-users

New Delhi : Determined to start coal blocks' auction this fiscal, the government has decided to set aside reserves for end-users like power, cement and steel companies, which will be allocated blocks through competitive bidding, after meeting the needs of state-run Coal India (CIL).

"The meeting was successful. Based on the reaction of the stakeholders, we will shortly take the call on firming up the modality of competitive bidding. We will surely introduce the auctioning within current fiscal," Coal Minister Sriprakash Jaiswal told reporters here after a meeting with stakeholders on introduction of competitive bidding of coal blocks.