Edition:
India

Vedanta Awarded 41 Exploration Blocks In India


Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Vedanta Resources PLC ::VEDANTA RES PLC - PROPOSED ENTRY INTO 41 REVENUE SHARING CONTRACTS.VEDANTA RESOURCES - VEDANTA LIMITED AWARDED 41 EXPLORATION BLOCKS IN INDIA PURSUANT TO OPEN ACREAGE LICENSING POLICY AT A TOTAL BID COST OF US$551 MILLION.VEDANTA RESOURCES - DIRECTORS DO NOT EXPECT TRANSACTION WILL HAVE ANY MATERIAL IMPACT ON GROUP'S EARNINGS FOR FINANCIAL YEAR ENDING 31 MARCH 2019.VEDANTA RESOURCES PLC - TRANSACTION IS A RELATED PARTY TRANSACTION UNDER UK LISTING RULES AND IS EXPECTED TO COMPLETE IN Q3 OF 2018.