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Vedanta will invest $245 mn in 10 blocks
July 4, 2019

Vedanta will invest $245 mn in 10 blocks

Vedanta has won 10 blocks in the Open Acreage Licensing Policy (OALP) Round II and Round III. The firm informed that over the period of the next 3-4 years, it will invest $245 million on exploration in these blocks. Now Vedanta will enter into 10 revenue sharing contracts with the government. It said, "The group believes that the transaction complements its existing strategy to focus on production growth".

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