Vedanta PAT Surges 40% To Rs 3,956 Crore

Vedanta PAT Surges 40% To Rs 3,956 Crore

Diversified natural resources company Vedanta Ltd’s attributable profit after tax before exceptional items at a consolidated basis surged 40% year-on-year basis to Rs 3,956 crore for the three months ended March 31, 2018, largely helped by an exceptional gain of Rs 2,869 crore.

Hydrocarbon Block Auction: Vedanta Cairn, ONGC Bids Help The Government Spare Blushes

Hydrocarbon Block Auction: Vedanta Cairn, ONGC Bids Help The Government Spare Blushes

Vedanta Cairn, operator of the prolific Barmer field in Rajasthan, bid aggressively, while eight other companies, including state-run ONGC, Oil India, Indian Oil and GAIL (India) also put in their bids for the 55 hydrocarbon blocks offered under the Open Acreage Licensing Policy (OALP), a critical part of the March 2016-launched Hydrocarbon Exploration Licensing Policy (HELP).

Here Is India’s Oil Story

Here Is India’s Oil Story

The colonial era saw the first oilfield being developed by the Assam Oil Company, a private entity, in Digboi in Tinsukia district of Assam, where oil was discovered barely eight years after Edwin L Drake drilled the world’s first oil well in 1859 in Titusville, Pennsylvania, US.

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