Vedanta says govt has not accepted Cambay Basin oil block extension; engaging with authorities
Published on 23/09/2025 11:18 PM
Vedanta says govt has not accepted Cambay Basin oil block extension; engaging with authoritiesVedanta reiterated that it continues to comply with SEBI Listing Regulations and will inform the stock exchanges of all material information, including price-sensitive developments, as required. Shares of Vedanta Ltd ended at ₹457.25, down by ₹1.05, or 0.23%, on the BSE.By Jomy Jos Pullokaran September 23, 2025, 11:18:54 PM IST (Published)2 Min ReadMining conglomerate Vedanta Limited on Tuesday (September 23) confirmed that it has received an intimation from the Ministry of Petroleum & Natural Gas stating that its application for extension of the Production Sharing Contract (PSC) for block CB-OS/2 in the Cambay Basin has not been accepted.
The communication was received on September 19, 2025. Vedanta said the matter did not meet the threshold of materiality under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and therefore was not disclosed earlier.
The company added that it is engaging with the relevant authorities and evaluating all available resources to address the issue. Vedanta reiterated that it continues to comply with SEBI Listing Regulations and will inform the stock exchanges of all material information, including price-sensitive developments, as required.
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First Quarter Results
On a consolidated basis, Vedanta's net profit fell 12% from last year to ₹3,185 crore from ₹3,606 crore last year. Revenue for the quarter increased by 5.8% on a year-on-year basis to ₹37,824 crore. The topline for the same quarter last year stood at ₹35,764 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter remained unchanged at ₹9,918 crore. EBITDA margin for the quarter narrowed by 160 basis points from last year to 26.2% from 27.8% last year.
The company said that its net-debt to EBITDA stood at 1.3 times. Vedanta's Lanjigarh refinery recorded its highest-ever Alumina production at 587 kt, which was a growth of 9% from last year. Net debt at the end of the June quarter stood at ₹58,220 crore.
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Shares of Vedanta Ltd ended at ₹457.25, down by ₹1.05, or 0.23%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayVedanta