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.
