Vedanta clarifies news items regarding the extension of its Production Sharing Contract. The company had previously received an intimation that its application for extension was not accepted. A writ petition was filed, and the Delhi High Court has issued notice to the government, directing parties to maintain status quo. Vedanta affirms its commitment to comply with all regulations and keep the stock exchanges informed of material events.
Update on Production Sharing Contract
Vedanta is providing clarification regarding news items pertaining to the extension of its Production Sharing Contract. This follows an earlier communication on September 23, 2025, where the company informed that it had received an intimation on September 19, 2025, from the Ministry of Petroleum & Natural Gas regarding the application for extending the Production Sharing Contract for Block CB-OS/2. The company was informed that the application for extension had not been accepted at that time.
Legal Proceedings and Current Status
Following the initial rejection, a writ petition was filed before the Delhi High Court challenging the government’s decision. On January 6, 2026, the High Court issued a notice to the Government of India and other respondents, requiring them to file a reply. The Court has further directed the involved parties to maintain the status quo.
Commitment to Compliance
Vedanta confirms that it continues to ensure compliance and will keep the stock exchanges duly informed of all material information and events.
Source: BSE
