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Vedanta inks contract with government for 10 oil blocks

17 Jul 2019 Evaluate

Vedanta has inked exploration and production contract with the government for 10 oil blocks. The company won 10 oil & gas exploration blocks offered in latest auction. According to the Directorate General of Hydrocarbons (DGH), the company has won 5 blocks on offer in Open Acreage Licensing Policy (OALP)-II, while in OALP-III, the company got 5 blocks.

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 940.00
Vedanta 255.00
Hindustan Zinc 561.60
Jain Resource Recycl 290.50
CMR Green Tech 221.35
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