Vedanta Oil and Gas Share Price Falls Over 4%; Receives Demand Notices from DGH

Vedanta Oil and Gas Limited (VOGL) has received demand letters from the Directorate General of Hydrocarbons (DGH), Government of India, in relation to 4 oil and gas blocks awarded under the Open Acreage Licensing Policy (OALP), as per the exchange filings. 

The authority has declined to grant a further extension for the blocks and has sought payment of liquidated damages, along with applicable interest.  

Demand Linked to Four OALP Blocks 

The dispute relates to four OALP blocks for which the company had sought an extension. 

According to the filing, DGH has issued demand letters seeking liquidated damages, with the aggregate claim amounting to around $35 million, excluding applicable interest.   

Company Seeks Legal Remedy 

Vedanta Oil and Gas said it believes it has valid grounds in the matter and is pursuing the legal and other remedies available to it. 

The company has also requested DGH to refer the dispute to the Committee for External Eminent Experts (CEEE) for resolution through conciliation or mediation.  

Financial Impact Yet to Be Determined 

The company said any financial impact arising from the matter will be assessed based on the outcome of the proceedings. 

It added that the accounting treatment, if required, will be undertaken in accordance with the applicable accounting standards.  

About Vedanta Oil and Gas  

Vedanta Oil and Gas Limited, formerly Malco Energy Limited, is the oil and gas business of the Vedanta Group.  

The company is engaged in the exploration, development and production of crude oil and natural gas, with operations across multiple onshore oil and gas blocks in India. 

Read More: CDSL Share Price Falls on July 21, 2026, After SEBI Imposes a ₹1 Crore Penalty for Cybersecurity Lapses! 

Vedanta Oil and Gas Share Price Performance  

As of 22 July 2026, at 11:15 AM, Vedanta Oil and Gas Limited share price was trading at ₹33.34 per share, reflecting a decline of 4.28% from the previous trading session. 

Conclusion 

The matter remains under dispute, with Vedanta Oil and Gas contesting the demand and seeking resolution through legal remedies and conciliation. The final financial impact, if any, will depend on the outcome of the proceedings.  

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