Legal23 Sept 2025, 10:11 pm
Vedanta Ltd Denied Extension for Cambay Basin Oil Block, Evaluating Resources
AI Summary
Vedanta Ltd has revealed that it received an intimation from the Ministry of Petroleum & Natural Gas regarding the application for extension of Production Sharing Contract of Block CB-OS/2. The application was not accepted, but the Company believes it does not meet the threshold of materiality under SEBI regulations. Vedanta is engaging with respective authorities and evaluating all resources to resolve the issue, reiterating its commitment to comply with SEBI Listing Regulations and keep stock exchanges informed of all material information.
Key Highlights
- Vedanta Ltd did not receive extension for Cambay Basin oil block
- Company engaging with authorities and evaluating resources
- Does not consider the issue material as per SEBI regulations
- Reiterates commitment to comply with SEBI Listing Regulations
- Committed to inform stock exchanges of all material information