Cambay basin loss not to have big impact on Vedanta: Analysts

MUMBAI: The government turning down Vedanta Ltd’s request to extend its contract in the Cambay basin (CB-OS/2 block), Gujarat, may not have any major impact on Vedanta Group’s financials, analysts tracking the company said. “Cambay was, anyway, one of the declining fields for the company. Even their polymer injections are happening only in Rajasthan,” said an analyst who did not wish to be identified.

For fiscal 2025, Cambay had an average daily gross operated production of 5.1 kboepd, which is about 5% of the company’s total average daily gross operated production of 103.2 kboepd. The company’s oil and gas business itself accounted for around 3% of the company’s revenue in June quarter, up from around 2% in the same period a year ago.