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ONGC takes over disputed Cambay block from Vedanta after court ruling

State-run Oil and Natural Gas Corporation (ONGC) has taken over operations and control of the disputed Cambay offshore block from Vedanta Oil & Gas Ltd following a Delhi High Court ruling, according to regulatory filings by the two companies. Vedanta Oil & Gas Ltd has recognised an impairment charge of about Rs 379 crore against assets and receivables linked to the block. The takeover of the CB-OS-02 block took effect on July 22, 2026, after the High Court's single-judge bench dismissed Vedanta…

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Business StandardCenter·1h ago
ONGC takes over disputed Cambay block from Vedanta after court ruling
State-run Oil and Natural Gas Corporation (ONGC) has taken over operations and control of the disputed Cambay offshore block from Vedanta Oil & Gas Ltd following a Delhi High Court ruling, according to regulatory filings by the two companies. Vedanta Oil & Gas Ltd has recognised an impairment charge of about Rs 379 crore against assets and receivables linked to the block. The takeover of the CB-OS-02 block took effect on July 22, 2026, after the High Court's single-judge bench dismissed Vedanta…
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ONGC takes over disputed Cambay block from Vedanta after court ruling

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