Mega Investment: Vedanta's ₹50,000 Crore Bet on Assam's Oil & Gas

On April 14, 2025, Assam Chief Minister Himanta Biswa Sarma held a strategic meeting with representatives of the Vedanta Group to outline a detailed roadmap for the company's proposed Rs 50,000 crore investment in the state’s oil and gas sector.

This initiative follows Vedanta Chairman Anil Agarwal’s announcement at the Advantage Assam summit in February, where he committed to investing significantly in the hydrocarbon-rich regions of Assam and Tripura over the next 3–4 years. The Chief Minister reiterated the state government's focus on fast-tracking major investment proposals within the current fiscal year, emphasizing industrial growth and job creation.

“With this investment, we aim to produce 1 lakh barrels of oil and gas per day, positioning the region as a leading hydrocarbon hub. It will also generate employment for 1 lakh youths,” Agarwal said during the summit.

Vedanta’s subsidiary, Cairn Oil & Gas, has already invested approximately Rs 2,500 crore in Assam and Tripura. Cairn holds 7,650 sq. km of exploration acreage in the Arakan Basin, comprising 15 exploration blocks. Production began at its Hazarigaon field in Assam in 2023, marking its first operational site in the Northeast. The field currently supplies gas to nearby tea estates, demonstrating how local energy initiatives can support regional economies.

News by Rahul Yelligetti.