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An update from Vedanta Limited ( (IN:VEDL) ) is now available.
Vedanta Limited has confirmed that the Ministry of Petroleum & Natural Gas has denied their application for an extension of the Production Sharing Contract for the Cambay Basin oil block CB-OS/2. Although this decision does not meet the threshold of materiality under SEBI regulations, Vedanta is actively engaging with authorities to explore options for resolution. The company remains committed to complying with SEBI Listing Regulations and keeping stakeholders informed of any material developments.
More about Vedanta Limited
Vedanta Limited operates in the natural resources industry, primarily focusing on the exploration and production of oil and gas, as well as mining and processing of minerals. The company is known for its activities in the oil and gas sector, particularly in regions like the Cambay Basin.
Average Trading Volume: 541,622
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1792.1B INR
For a thorough assessment of VEDL stock, go to TipRanks’ Stock Analysis page.