Auction of coal blocks in 3 months: Sandhu

The government will conduct auction of coal blocks cancelled recently by the Supreme Court in three-months, Financial Services Secretary G S Sandhu told reporters on Friday. "... this is what the power ministry has informed (us). This is what they have informed, in three months these (coal blocks) will go to auction," Sandhu said.

Sandhu said a small group was constituted on Friday under the chairmanship of India Infrastructure Finance Company Ltd head Santosh Nayyar to suggest ways to sort financing issues in the power projects held up on account of fuel supply constraints.