By Oliver Griffin

Vedanta Resources PLC (VDNRF) said Monday that the Indian government has granted approval for a 10-year extension of the production sharing contract at the Rajasthan Block.

The block is held by Vedanta Ltd. (VEDL), Vedanta Resources' subsidiary, and Cairn Energy PLC (CNE.LN), which operates the block.

The tenure of the block was due to expire on May 14, 2020. The extension will run with effect from May 15, 2020, Vedanta Resources said.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

October 29, 2018 05:18 ET (09:18 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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