Shares of mining major Vedanta jumped over 3 per cent on April 15, a day after Assam Chief Minister Himanta Biswa Sarma held talks with the company to draw up a detailed plan for the group’s Rs 50,000 crore investment in the state.
Speaking at the Advantage Assam Summit in February, Vedanta Group Chairman Anil Agarwal had said the group would invest Rs 50,000 crore in the oil and gas sector of Assam and Tripura in the next 3-4 years.
Assam Chief Minister Himanta Biswa Sarma took to Twitter to share an update and said, “In Advantage Assam 2, we received investment commitments of Rs 5.19 lakh crore, of which Vedanta Group has targeted to invest Rs 50,000 crore in the state.
Today, I had a detailed meeting with Vedanta representatives to chalk out the timelines for realising these investments, especially in the area of energy exploration and drilling. We are giving top priority to ensure that most of the major investment proposals take off this fiscal year.”
