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.
The cost of acquisition of the said company is Rs71.50 lakh, payable in cash, for 26% of the equity share capital of Cleanwin Energy.
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