Vedanta shares in focus as Govt denies extension for Cambay Basin oil block
Published on: Sept. 23, 2025, 8:15 a.m. | Source: The Economic Times
Vedanta share price: The government has rejected Vedantas request to extend the production sharing contract (PSC) for the CB-OS/2 Cambay Basin oil and gas block, reverting control to ONGC. The decision impacts the Lakshmi and Gauri fields, which produce 3,400 barrels of oil daily, and marks a setback for Vedantas energy business.
