Vedanta Group to Invest ₹50,000 Crore in Oil and Gas Projects Across Assam and Tripura

  • 2025-04-17 04:14:28

Overview

Vedanta Group has announced a significant investment of ₹50,000 crore over the next three to four years to boost oil and gas exploration and production in Assam and Tripura. This move supports India’s goal of energy independence by reducing reliance on imported fuel.

Key Highlights

  • Massive Investment Push: Cairn Oil & Gas, a Vedanta subsidiary, will lead the investment. The firm currently contributes 25% of India’s domestic crude oil production and plans to expand using advanced technologies in blocks awarded under OALP.
  • Regional Economic Boost: Thousands of direct and indirect jobs will be created in Assam and Tripura. Infrastructure will include new drilling sites, logistics, and environmental hubs.
  • Strategic Significance: These northeastern states have underexplored hydrocarbon reserves. The move supports the national goal of reducing oil import dependency by 10% by 2030.
  • Environmental and Regulatory Commitments: Vedanta promises to follow India’s environmental standards, adopt carbon reduction practices, and work closely with local communities.
  • Energy Independence Agenda: With nearly 10% of India’s hydrocarbon reserves in the northeast, the region is now crucial for energy exploration, reinforcing India’s self-reliant energy vision.
Sources
  • The Hindu
  • Economic Times
  • Business Standard
  • LiveMint
  • Times of India
  • Press Trust of India