Vedanta shares in focus as Govt denies extension for Cambay Basin oil block

Vedanta share price: The government has rejected Vedanta’s request to extend the production sharing contract (PSC) for the CB-OS/2 Cambay Basin oil and gas block, reverting control to ONGC. The decision impacts the Lakshmi and Gauri fields, which produce 3,400 barrels of oil daily, and marks a setback for Vedanta’s energy business.