This is a year-on-year increase of 16.6%.
Davis brings 25 years of industry experience.
Vedanta needs to raise funds for meeting upcoming loan repayments.
The 29 coal blocks that have been successfully bid out contain approximately 91 million tonnes of Potential Recoverable Coal (PRC).
The block has estimated bauxite reserves of 22.13 million tonnes.
He has over 30 years of diverse international experience in technical, commercial, and executive leadership roles, having previously worked for BP, Talisman Energy, and Africa Oil.
The resolution professional established a price threshold of 1,143 crore, at which Vedanta submitted a bid.
CIL and Trade Unions signed the agreement in Kolkata on Tuesday.
The Ministry of Coal will undertake additional 19 First Mile Connectivity (FMC) projects with a capacity of 330 million tonnes.
Base price set at $ 9.57 per mmBtu
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