09-Jul-2026 14:37:20
Vedanta Oil & Gas Jumps 5% After Winning ₹950 Crore Arbitration Against Government
Shares of Vedanta Oil & Gas rose over 5% after the Delhi High Court rejected the Centre's objections to enforcing a $99 million (around ₹950 crore) foreign arbitral award in favour of Vedanta and Singapore-based Ravva Oil. The dispute stemmed from the Ravva oil field production-sharing contract, with the arbitration award originally issued in 2016 and later upheld by Malaysian courts. The ruling is seen as a significant legal victory, boosting investor sentiment.