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Windfall Tax: Vedanta deducts USD 91 million from govt s profit to make up for tax paid

India first imposed windfall profit tax on July 1, 2022 joining a growing number of nations that tax super normal profits of energy companies.

Windfall Tax: Vedanta deducts $91 mn from govt s profit to make up for tax paid

Vedanta on January 31 and on February 20 informed the ministry of petroleum and natural gas that it has made a deduction of USD 85.35 million for SAED paid on its prolific Rajasthan block, RJ-ON-90/1, and another USD 5.50 million for block CB-OS/2 in Cambay basin

Windfall Tax: Vedanta deducts $91 million from govt s profit to make up for tax paid

India first imposed windfall profit tax on July 1, 2022 joining a growing number of nations that tax super normal profits of energy companies.

Vedanta Cairn Oil & Gas appoints Nick Walker as CEO

Uniindia: Mumbai, Jan 19 (UNI) Vedanta’s Cairn Oil & Gas, India’s largest private oil and gas exploration and production company said it has appointed Nick Walker as Chief Executive Officer, effective January 5, 2023.

Towards Boosting Domestic Crude Production

In line with a series of liberalisation policies for the upstream sector in recent years, the government, with its latest move of deregulating domestically produced crude oil, aims to give impetus to exploration and production activities in the country and increase the overall hydrocarbon output, , domestic crude, oil production, deregulation, oil producers, upstream companies

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