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Vedanta Gains Over 3% After Making Natural Gas Discovery In Gujarat Block


Shares of Vedanta had been final buying and selling 3.61 per cent greater at Rs 284.25 on the BSE.

Share value of Vedanta gained greater than three per cent on Tuesday, August 24, after the corporate introduced that it made a pure gasoline discovery in a block in Gujarat that it had received within the open acreage licensing coverage (OALP) spherical. On Tuesday, Vedanta opened on the BSE at Rs 279.35, swinging to an intra day excessive of Rs 284.20, and an intra day low of Rs 276.10, within the buying and selling session to date.

The mining firm introduced that it notified the DGH in addition to the Ministry of Petroleum and Pure Fuel about a gasoline and condensate discovery – which is called ‘Jaya’ in its exploratory effectively Jaya1. The exploratory effectively was earlier often known as Jambusar-Updip-1. 

The effectively was drilled within the open acreage licensing coverage or OALP block CB-ONHP/2017/2 within the Bharuch district of Gujarat. The approval of the administration committee is being sought on the matter.

On the NSE, Vedanta opened at Rs 279.80, touching an intra day excessive of Rs 284.30 and an intra day low of Rs 276.10, within the session to date. It was final buying and selling 3.41 per cent greater at Rs 283.30 on the NSE. 

Shares of Vedanta had been final buying and selling 3.61 per cent greater at Rs 284.25 on the BSE. 

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