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Vedanta bags 41 oil, gas exploration blocks in open acreage auction

29 Aug 2018 Evaluate

Vedanta has bagged 41 out of 55 oil and gas exploration blocks offered in India’s maiden open acreage auction. Vedanta had put in bids for all the 55 blocks.

It will strengthen the company’s vision to invest in India and contribute 50% of India’s domestic crude oil production.

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.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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