Vedanta makes US$3b wager to re-energise its biggest Rajasthani oilfield

Mumbai

INDIA'S Vedanta Ltd will spend US$3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field.

India's biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells at its Barmer block in the western Indian state of Rajasthan and other blocks in the eastern part of the country, according to Sudhir Mathur, acting chief executive officer of Vedanta's Cairn Oil & Gas unit.