Vedanta unit plans 10-year extension for Barmer field in Rajasthan

14 May 2021 CW Team

Vedanta's Cairn Oil and Gas plans to sign a production-sharing contract (PSC) extension for 10 years with the government for its Barmer field in Rajasthan.

Vedanta sought the court's intervention after its request to the government in 2009 to extend the PSC did not get any response. The government had been extending the PSC from time to time for brief periods since May last year.

According to Vedanta, the delay in PSC extension by the government had prevented it from investing over Rs 30,000 crore in the Barmer field for further exploration, adding that estimated recoverable assets in the Barmer block were around 1.2 billion barrels of oil equivalent, out of which 466 million barrels are expected to be recovered beyond the current PSC period till 2030.

The company is also producing natural gas from the Rajasthan block. On Wednesday, Vedanta told the media it has commenced oil production from its facility in Aishwariya Barmer Hills in Rajasthan.

On Thursday, Vedanta Ltd reported a consolidated profit of Rs 6,432 crore for Q4 FY21 driven by better volume, lower cost of production, and higher commodity prices. The company posted a loss of Rs 12,521 crore in the year-ago period.

Image Source

Also read: Vedanta signs MoU with research institutes for bauxite value-creation

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..