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.