India’s government approved on Friday auctions for coal that buyers could use for industrial activity and exports in yet another reform in the vast coal sector. The government endorsed the new policy for auction of Coal Linkage for Seamless, Efficient & Transparent Utilisation (CoalSETU)—supply that buyers can procure via auctions and use the coal for any industrial purpose and for exports. Coal holders will be eligible to export coal up to 50% of their volumes, according to…