Vedanta’s PSC expired on June 29, 2023, and while the government had granted interim extensions during the review of Vedanta’s request, it later decided to transfer the asset to Oil and Natural Gas Corporation (ONGC).
| Photo Credit:
REUTERS/DANISH SIDDIQUI
Vedanta Oil and Gas said on Thursday that it has approached the Division Bench of the Delhi High Court against the single-judge verdict of the High Court upholding the Centre’s decision to deny the company a contract extension for the CB-OS/2 offshore oil and gas block in Gujarat.Hours after the court delivered its ruling, the company released a statement confirming that the matter is now sub judice.“The Delhi High Court pronounced its order in the matter pertaining to the CB-OS/2 block on 22 July 2026. We have filed an appeal against the said order before the Division Bench of the High Court. The matter is now sub-judice,” the company said in a statement.Vedanta had earlier appealed to the Delhi High Court to retain its offshore oil and gas block in the Cambay Basin in Gujarat. This development came after the Ministry of Petroleum and Natural Gas, in September 2025, denied a 10-year extension under the government’s 2017 pre-NELP contract extension policy, it added.Vedanta’s PSC expired on June 29, 2023, and while the government had granted interim extensions during the review of Vedanta’s request, it later decided to transfer the asset to Oil and Natural Gas Corporation (ONGC).The matter will now proceed before the Division Bench of the Delhi High Court for further consideration, Vedanta said. Published on July 23, 2026
