Cairn Oil & Gas, a vertical of Vedanta, has received an approval from the Government of India, acting through the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas, for a 10-year extension of the Production Sharing Contract (PSC) for the Ravva block in Andhra Pradesh. With this extension, the PSC is now valid effective October 28, 2019, for the next 10 years.
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.
