ONGC directed to take charge of Vedanta oil block

The govt has directed ONGC to take over operational control of an oil and gas block from Vedanta after rejecting its contract renewal request, a decision challenged in the Delhi High Court. This marks the first instance of such a denial, impacting Vedanta’s production, though the company downplays the financial effect.

Leave a Reply

Your email address will not be published. Required fields are marked *

^