Shares of Vedanta Ltd are expected to remain in focus after the company issued a significant clarification following media reports regarding its oil and gas operations.
Vedanta informed stock exchanges that it had earlier applied to the Ministry of Petroleum and Natural Gas seeking an extension of the Production Sharing Contract (PSC) for one of its assets. However, the government rejected the company’s request on September 19, 2025.
The Anil Agarwal-led mining major stated that it is currently in discussions with the concerned authorities and is exploring all available legal options to resolve the matter. Challenging the government’s decision, Vedanta has filed a petition in the Delhi High Court. On January 6, the court issued notices to the government and other parties involved and directed both sides to maintain status quo until further orders.
Vedanta said the Delhi High Court will review the matter and examine the government’s decision in due course.
On the operational front, the company recently reported that during the December quarter (Q3 FY26), production of aluminium, zinc and iron ore registered an increase. However, production of steel and oil & gas declined during the same period.
Stock Performance
Vedanta shares closed at ₹602.10, down 3.23%, in Thursday’s trading session. Despite the recent decline, the stock has delivered a strong performance over the past year, gaining nearly 34.88%.
With legal proceedings underway and mixed production trends, Vedanta’s stock is likely to attract investor attention in the coming sessions.