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VED Vedanta

832.60
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vedanta LSE:VED London Ordinary Share GB0033277061 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 832.60 834.80 835.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vedanta Resources Discovers Gas in Indian Exploration Well

13/09/2018 5:27pm

Dow Jones News


Vedanta (LSE:VED)
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By Adam Clark

 

Vedanta Resources PLC (VED.LN) said Thursday that its Indian-listed subsidiary has discovered gas in the Krishna-Godavari Basin on the east coast of India.

Vedanta Ltd. (500295.BY) notified Indian authorities of the discovery at the A-32 exploration well in block KG-OSN-2009/3. Vedanta said gas flowed to the surface during well testing, but further appraisal will be required to assess the commercial potential of the discovery.

In July, Vedanta Resources agreed to a takeover by Volcan Investments Ltd., the family trust of Vedanta's chairman and founder Anil Agarwal, valuing the company at $3.07 billion. The takeover will lead to the delisting of its shares from the London Stock Exchange.

 

Write to Adam Clark at adam.clark@dowjones.com

 

(END) Dow Jones Newswires

September 13, 2018 12:12 ET (16:12 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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