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
Agrawal addressed a virtual team of CIL-arm MCL officials.
He was Deputy Director General, Department of Defense Production, Ministry of Defense before taking the helm of CIL's marketing division.
According to the tender document, the resources of Block I Bicholim Mineral Block total 84.92 million tonnes.
The government extended its approval earlier this month to demerge the steel business from the state-owned iron-ore miner, the firm notified the markets.
In this regard, the company has designated October 28 as the record date.
The current market cap of the company is Rs37,775.51 crore.
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