Vedanta gets 41 oil blocks out of 55 in first round of open acreage auction

The current round was in the news owing to ONGC's non-aggressive bidding strategy

Anil Agarwal-led Vedanta Ltd got 41 blocks, out of the total 55 on offer, under the country's first round of oil and gas auctions under the Open Acreage Licensing Policy (OALP-I).  

The Directorate General of Hydrocarbons (DGH) on Tuesday came out with the list of winners, which also included Oil India (OIL), with nine blocks, and Oil and Natural Gas Corporation (ONGC), with two blocks. Three companies -- Gail (India), Hindustan Oil Exploration Company (HOEC) and Bharat PetroResources -- got one block each. 

"We are an energy deficient country and policies like OALP will help reduce the country's import