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In a bid to increase its reserve base, Vedanta Limited is planning to invest $2.3 billion towards CAPEX on its oil and gas activities. Vedanta is targeting an increase in production from the current 200,000 barrels of oil equivalent per day to 300,000 boepd over the next few years. Under the OALP auction, Vedanta recently bid for all 55 blocks on offer in the first round.
