Vedanta gains on getting NOC from Andhra government to drill 20 onshore wells
Vedanta is currently trading at Rs 599.60, up by 1.50 points or 0.25% from its previous closing of Rs 598.10 on the BSE.
The scrip opened at Rs 602.10 and has touched a high and low of Rs 607.65 and Rs 597.30 respectively. So far 377188 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 607.65 on 24-Dec-2025 and a 52-week low of Rs 362.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 607.65 and Rs 571.45 respectively. The current market cap of the company is Rs 233880.31 crore.
The promoters holding in the company stood at 56.38%, while Institutions and Non-Institutions held 27.27% and 16.34% respectively.
Vedanta’s Cairn Oil & Gas Division has received conditional ‘No Objection Certificate’ (NoC) from Andhra Pradesh government for drilling 20 onshore wells in Krishna district. According to a recent government order, Vedanta (Cairn Oil & Gas Division) has submitted a representation, stating that their firm was awarded the work of development of the Onshore Oil and Gas Field under the Discovered Small Field (DSF) Policy, 2018.
Further, the company has requested to grant a No Objection Certificate for drilling wells at 35 locations in the block located in various village limits for Onshore Oil and Gas Development and Production, from the Water Resources Department of Andhra Pradesh, as the Bandar Canal passes through the centre of the proposed block.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
