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File picture shows trucks waiting to load coal at a mine in Ramgarh. The e-auction of coal blocks for private companies got the nod from President Pranab Mukherjee who promulgated an Ordinance to this effect on Tuesday.

President promulgates Ordinance to allow e-auction of coal blocks

The move, seen as a step towards energy sector reforms, will allow private companies to bid for captive use and allot mines directly to State and Central public sector undertakings. »