The prices discovered in the latest tenders are 25%-30% higher for different categories than the last bids opened in April last year
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Topics
oil and gas | Vedanta oil and gas projects | Vedanta
The prices discovered in the latest tenders are 25%-30% higher for different categories than the last bids opened in April last year
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
NEW DELHI (Reuters) - The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta's (VDAN.NS) Barmer oil and gas block, a top government lawyer said on Wednesday.
The Supreme Court has been hearing a dispute between Vedanta and the federal government related to an extension of the production-sharing contract for the Barmer asset in the western state of Rajasthan.
During a brief court hearing, Additional Solicitor General of India Sanjay Jain told judges the government did not agree with Vedanta's argument that the project would be made unviable if the revenue share increases.
A spokesperson for the company did not immediately respond to a request for comment.
The court will now hear the dispute in February.
(Reporting by Arpan Chaturvedi in New Delhi; Editing by Andrew Heavens)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, January 04 2023. 19:58 IST
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Author: Ricardo Goulart ... Read more