Vedanta is set to invest $4 billion over the next three years to enhance its oil and gas production capacity, aiming to double it to 300,000 barrels of oil equivalent per day. The investment is part of a $20 billion initiative that encompasses the acquisition cost of Cairn Energy’s India unit, which Vedanta purchased over a decade ago.
As reported by The Economic Times, currently, Vedanta yields approximately 1,40,000 barrels of oil equivalent, with 1,00,000 barrels attributed to oil production. The plan entails increasing oil output to 2,00,000 barrels within the next three years, marking a significant surge in its operational capacity.
