New Delhi Power, cement and steel companies, which are facing uncertainty due to environmental and other regulatory issues over their captive coal blocks, can now relax. This is because the government will soon come out with a policy on allocation of alternative coal blocks to them. The group of ministers on coal, slated to meet here on Wednesday, is expected to approve the new policy proposed by the coal ministry.
The idea, said a government source, is to remove impediments to use captive mining rights. The proposed policy would help develop projects worth billions of dollars in these sectors.