Vedanta says extension terms under Barmer PSC different from Ravva

The Delhi High Court had last week granted Vedanta an extension for the Barmer block

Vedanta may be facing the prospect of government appealing against last week's Delhi High Court order, but the Anil Agarwal-promoted natural resource company has adopted different approaches seeking an extension of contracts for its oil and gas blocks.

For the Barmer block, it has sought an extension, subject to the court order, on same conditions as it operates currently. In the case of its block in Ravva, it has sought an extension under the Cabinet-approved policy which mandates that an operator pays a higher profit petroleum share to the government after the extension.

Vedanta, through Cairn, plans to invest $2.3