Vedanta will be investing $2.3 billion towards capital expenditure (CAPEX) on its oil and gas activities in the ‘near term’ to increase the reserve base by around 375 million barrels. This investment will generate sustainable employment opportunities, directly and indirectly and bring cutting edge solutions to community needs.
The company will increase production from the current 200,000 barrels of oil equivalent per day (boepd) to 300,000 boepd over the next few years.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
