Vedanta has reportedly invited bids for natural gas from its Barmer field in Rajasthan at a floor price of $7.1 per mmBtu. The company plans to auction 0.10 million metric standard cubic meters a day of natural gas on May 12. The supplies will start no later than June 1 and end on May 31, 2023.
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.