Tue Feb 25 11:40:00 UTC 2025: **Vedanta to Invest ₹50,000 Crore in Assam and Tripura’s Oil and Gas Sector**

GUWAHATI, INDIA (February 25, 2025) – Vedanta Group, a leading mining major, announced a significant investment of ₹50,000 crore (approximately $6.05 billion USD) in Assam and Tripura’s oil and gas sector over the next three to four years. The announcement was made by Chairman Anil Agarwal at the Advantage Assam investment summit.

This investment, according to Agarwal, will enable Cairn Oil & Gas, a Vedanta subsidiary, to produce 100,000 barrels of oil and gas per day, transforming the region into a major hydrocarbon hub. The project is also expected to create approximately 100,000 direct and indirect jobs.

Cairn Oil & Gas has already invested ₹2,500 crore in the region. The company currently operates across 7,650 sq km in Assam’s Arakan basin, encompassing 15 exploration blocks. Its Hazarigaon field, operational since 2023, currently supplies gas to local tea estates.

The investment will fund the development of oil and gas exploration and production facilities. Furthermore, Vedanta plans to implement extensive corporate social responsibility (CSR) initiatives, including the establishment of Anganwadi centers, handloom skill centers, digital classrooms, and sports promotion programs.

Agarwal highlighted Assam’s abundant natural resources, strategic location, pro-investment policies, and growing infrastructure as key factors attracting this substantial investment, further contributing to India’s economic growth.

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