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Vedanta chairman Anil Agarwal plans $4B investment to double oil output

Last Update 07 February 2024

Vedanta Ltd will invest $4 billion over three years to double oil production, announced chairman Anil Agarwal. Despite debt concerns at parent Vedanta Resources, the company remains committed to its aggressive oil and gas expansion. Acquisition of Cairn Energy's India assets positions Vedanta to target 300,000 barrels per day within three years, Agarwal noted at the India Energy Week.

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