India maintains its quest for a larger percentage of the Vedanta oil block.

An important government lawyer declared on Wednesday that the Indian government would maintain its demand for a 10% increase in its portion of the profits from the Barmer oil and gas block owned by Indian giant Vedanta (VDAN.NS).

A dispute between Vedanta and the federal government for an extension of the production-sharing contract for the Barmer facility in Rajasthan is currently being heard by the Supreme Court.

In a brief court proceeding, Vedanta’s contention that the project would become unprofitable if the income share increased was refuted by the government, according to Additional Solicitor General of India Sanjay Jain.

This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.


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