Vedanta Oil and Gas, India’s leading private oil and gas company debuts on Indian Stock Exchanges

Mumbai, June 15: Vedanta Oil and Gas Limited (BSE: 544782 | NSE: VOGL) today marked a historic milestone with the successful listing of its equity shares on the BSE Limited and National Stock Exchange of India (NSE), creating India’s leading listed private-sector upstream company. Opening a new chapter in the company’s growth journey, this historic milestone is a reinforcement of its commitment toward strengthening India’s energy security.

This listing comes after the landmark Vedanta demerger and the necessary approvals from the National Stock Exchange of India Limited and BSE Limited for the listing and trading of its equity shares.

The opening ceremony was held at the BSE office in Mumbai, where Chairman & Founder of the Vedanta Group, Anil Agarwal, rang the ceremonial bell to mark the commencement of trading along with Priya Aggarwal Hebbar, Director – Vedanta Limited; Navin Aggarwal, Vice Chairman, Vedanta Limited; and Akarsh Hebbar, Global Managing Director, Vedanta Semiconductors and Display; Managing Director, AvanStrate Inc.  Jim Gast, Interim Chief Executive Officer, Vedanta Oil and Gas, joined them for the ceremony.

Speaking at the ceremony, Chairman Anil Agarwal said “Our aim is to scale production, beginning with 500,000 barrels, supported by a cost-efficient operating model and a favourable policy environment that enables long-term growth. We must be at the forefront of strengthening India’s energy self-sufficiency. Tomorrow’s economy, with AI at the forefront, is going to be highly minerals and oil and gas intensive, and these are the sectors we operate in.”

A total of 391.03 crore equity shares of face value ₹1 each have been admitted to trading pursuant to the demerger of the Oil and Gas business from Vedanta Limited.

The listing will create independent, sector-focused businesses with dedicated management teams, sharper operational focus and distinct growth pathways. Under the approved Scheme of Arrangement, all eligible shareholders of Vedanta Limited received one equity share of Vedanta Oil and Gas and other three newly listed Vedanta companies, for every one equity share held.

The demerger will enable the Oil & Gas business to pursue accelerated growth, unlock greater value from one of India’s largest private upstream portfolios. As an independent entity, Vedanta Oil and Gas is uniquely positioned to increase domestic hydrocarbon production, advance exploration activities and attract long-term investments into India’s upstream energy sector.

As India’s leading private oil and gas producer, Vedanta Oil and Gas has played a pivotal role in strengthening domestic energy supplies. Operating under the brand name “Cairn”, the company holds one of the country’s most diversified upstream portfolios of 44 onshore and offshore blocks spread across 47,000 sq km of acreage, with assets in Rajasthan, East and West Coast and North East of India.

Vedanta Oil and Gas has commenced trading with a diversified ownership structure comprising 56.38% promoter shareholding and 43.46% public shareholding, representing participation from more than 21.78 lakh shareholders and a broad base of institutional and retail investors.

The listing comes at a pivotal moment in India’s energy landscape. With the country’s fast-paced economic growth, energy demand continues to rise, underscoring the need for increased domestic production.

About Vedanta Oil and Gas

Vedanta Oil and Gas (BSE: 544782 | NSE: VOGL) is India’s leading private sector oil and gas exploration and production company, unlocking the nation’s hydrocarbon potential to strengthen energy security. Operating under the brand Cairn, the company holds interests in 44 blocks spanning over 47,000 sq km of acreage across India, with gross 2P (proved plus probable) and 2C (contingent) resources of 1.4 bnboe. Its producing assets span key hydrocarbon basins in Rajasthan, Andhra Pradesh, Gujarat, and Assam, supported by technology-led exploration, advanced subsurface expertise, and world-class engineering capabilities. With a diverse portfolio of conventional and unconventional resources and a strong pipeline of upcoming growth projects, Vedanta Oil & Gas aims to significantly expand domestic production towards India’s energy security and economic growth. The company is committed to achieving Net Zero, advancing responsible energy development while creating sustainable value for the nation, communities, and shareholders.

For more information, visit: www.vedantaoilandgas.com.

For any media queries, please contact: 

Ms. Shivanjali Singh

Chief Communication Officer, Vedanta Oil and Gas

Shivanjali.Singh@cairnindia.com