Vedanta seeks premium over govt rates for gas from Assam block
Billionaire Anil Agarwal’s Vedanta NSE 1.86 % Ltd is seeking a premium of at least USD 1 over the government-mandated price for the natural gas it plans to produce from its Assam block. The firm, which merged the Rajasthan oil-discoverer Cairn India NSE 0.81 % Ltd into itself, has sought bids from users for the gas it plans to produce from the Hazarigaon field in Assam from March next year.
The company plans to produce 0.10 million standard cubic meters per day from the onshore block it had won under the discovered field bid round a couple of years back.
