<h1>Vedanta Oil and Gas Faces Legal Challenge After High Court Dismisses PSC Extension Petition</h1>
Vedanta Oil and Gas Limited, formerly Malco Energy Limited, is currently pursuing an appeal following a ruling by the Hon'ble Delhi High Court regarding its application for the extension of a Production Sharing Contract (PSC). The judgment concerns the government’s non-acceptance of the company’s request to extend the PSC for CB/OS-2 Block.
The litigation details indicate that the Hon'ble Delhi High Court, in a judgment dated July 22, 2026, dismissed the writ petition filed by Vedanta Limited. The petitioner had challenged the decision made by the Union of India (MoPNG) and the Directorate General of Hydrocarbons (DGH).
In response to the court’s ruling, which was delivered in the matter concerning the CB/OS-2 Block PSC extension, Vedanta Oil and Gas has initiated further legal action. The Company has filed a Letters Patent Appeal (LPA) before the Division Bench of the Hon'ble Delhi High Court, challenging the judgment rendered by the court.
Regarding potential financial outcomes, the company confirmed that it is actively evaluating all financial and operational implications stemming from the court’s judgment. Vedanta Oil and Gas is currently pursuing appropriate appellate remedies to protect its interests in this matter.
VOGL Stock Price Movement
On Wednesday, shares of Vedanta Oil and Gas Limited slipped by 3.88% to settle at ₹33.28, as the equity finished well below its previous closing price. The stock traded heavily throughout the session, with over 35708 million shares transacted and the share price hitting a day low of ₹33.12.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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