{"id":478922,"date":"2022-03-26T09:26:55","date_gmt":"2022-03-26T03:56:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=478922"},"modified":"2022-03-26T09:43:46","modified_gmt":"2022-03-26T04:13:46","slug":"vedanta-to-invest-1-5-bn-across-oil-zinc-steel-businesses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-to-invest-1-5-bn-across-oil-zinc-steel-businesses\/","title":{"rendered":"Vedanta to invest $1.5 bn across oil, zinc, steel businesses"},"content":{"rendered":"<p>Billionaire Anil Agarwal&#8217;s Vedanta Ltd on Friday said it will invest USD 1.5 billion across its oil and gas, zinc and steel businesses.<\/p>\n<p>Its board at a meeting on Friday approved USD 687 million capital spending for drilling of new wells at the firm&#8217;s oil and gas unit, Cairn Oil &amp; Gas, Vedanta said in a stock exchange filing.<\/p>\n<p>It also approved a USD 466 million phase-2 expansion of the Gamsberg zinc project in South Africa and another USD 348 million for steel expansion.<\/p>\n<p>The USD 687 million &#8220;capex investment is towards infill wells, development and exploration. The strategic priority for the Cairn Oil &amp; Gas business is to increase near-term volume through infill wells and add resources through exploration,&#8221; the filing said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Anil Agarwal&#8217;s Vedanta Ltd on Friday said it will invest USD 1.5 billion across its oil and gas, zinc and steel businesses. Its board at a meeting on Friday approved USD 687 million capital spending for drilling of new wells at the firm&#8217;s oil and gas unit, Cairn Oil &amp; Gas, Vedanta said in a stock exchange filing. It also approved a USD 466 million phase-2 expansion of the Gamsberg zinc project in South Africa and another USD 348 million for steel expansion. The USD 687 million &#8220;capex investment is towards infill wells, development and exploration. The strategic priority [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-478922","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=478922"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478922\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=478922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=478922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=478922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}