Wednesday, January 4, 2023

Centre sticks to demand for bigger profit share from Vedanta's Rajasthan block

The Anil Agarwal-led Vedanta had moved the Supreme Court against the Delhi High Court's March order that permitted the government to seek a higher share in the profit upon renewal of the contract. The HC had held that there cannot be an extension of the PSC unconditionally on the same terms and conditions which were prevailing 25 years ago on May 15, 1995, the effective date of the PSC.

from Energy-Industry-Economic Times https://ift.tt/PH9S2Wn

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