Vedanta commits ₹50,000 crore to boost oil and gas exploration in Assam and Tripura

Cairn Oil & Gas, part of Vedanta Group, has announced a ₹50,000 crore investment in oil and gas exploration in Assam and Tripura. This investment aims to enhance local infrastructure and establish advanced exploration facilities. The project plans to produce 100,000 barrels of oil and gas per day, creating significant job opportunities. It will also include corporate social responsibility initiatives like modernized anganwadis, handloom skill centers, and digital classrooms. Cairn currently holds 7,650 km² in the Arakan Basin and has been producing from the Hazarigaon field since 2023. This local production supports clean energy initiatives and boosts regional tea production.