Setback for Vedanta as govt denies extension for Cambay basin oil, gas block
In a setback for mining baron Anil Agarwal’s group, the government has rejected Vedanta group firm’s application for extension of contract for a key Cambay basin oil and gas block.
Vedanta Cairn Oil and Gas, a unit of Mumbai-listed Vedanta Ltd, was the operator of the Gujarat offshore block CB-OS/2 with a 40 per cent stake.
