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Vedanta gains on getting GoI’s approval for 10 year extension of PSC for Rajasthan Block

29 Oct 2018 Evaluate

Vedanta is currently trading at Rs. 205.70, up by 1.65 points or 0.81% from its previous closing of Rs. 204.05 on the BSE.

The scrip opened at Rs. 206.20 and has touched a high and low of Rs. 207.95 and Rs. 204.10 respectively. So far 152176 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 355.70 on 29-Jan-2018 and a 52 week low of Rs. 197.10 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 219.10 and Rs. 199.05 respectively. The current market cap of the company is Rs. 76314.00 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 34.40% and 11.16% respectively.

Vedanta has received approval from Government of India, acting through the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas (GoI) for a ten-year extension of the PSC for the Rajasthan Block, RJ-ON-90/1 (RJ Block).

The tenure of the RJ Block PSC is due to expire on May 14, 2020. The tenure of the RJ Block PSC has been extended for an additional period of 10 years with effect from May 15, 2020. Such extension has been granted by the GoI, pursuant to its policy dated April 7, 2017 for extension of Pre-New Exploration Licensing Policy (Pre-NELP) Exploration Blocks PSCs signed by the GoI (Pre-NELP Extension Policy), subject to certain conditions. The applicability of the Pre-NELP Extension Policy to the RJ Block PSC is currently sub judice.

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.

Vedanta Share Price

770.65 -16.95 (-2.15%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1015.10
Vedanta 770.65
Hindustan Zinc 589.95
Jain Resource Recycl 418.95
Gravita India 1649.35
View more..

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