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Vedanta to invest $245 million in 10 oil, gas blocks over next 3-4 years

04 Jul 2019 Evaluate

Vedanta will invest $245 million for finding oil and natural gas over the next 3-4 years in the 10 areas it won in the latest licensing round. The firm won 10 blocks - 7 onshore and 3 offshore, in the Open Acreage Licensing Policy (OALP) Round-II and III.

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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