Vedanta shares down today after government refuses to extend production sharing contract

Vedanta’s share price is down today. At 11 a.m. IST, 23^rd September, 2025, its share price is down by 0.83%, trading at Rs 454.65. Nifty 50 index is down by 0.29% at this time.

Vedanta challenges government decision in court

Vedanta’s shares are down today after Indian government refused its request to extend the production sharing contract for an offshore oil & gas field (CB/OS 2 field) in Cambay basin in Gujarat. The government has asked ONGC to take over Vedanta’s share of operations for the time being. Vedanta had 40% stake in this oil field contract. Vedanta has challenged this decision in the Delhi High Court. The court will hear the matter, later in the day.

Vedanta’s shares have underperformed this year

In the past 5 days, Vedanta’s share price has gone down by 1.98%. In the past one month the shares have gained 1.01%. Year-to-date in 2025, Vedanta’s shares have gained 2.34%. In this period, Nifty 50 index has gained 5.84%. Vedanta’s stock has underperformed the Nifty 50 index by more than 2% this year. But in the last 5 years the stock has gained 231%. In the same period Nifty 50 index gained 127%. The stock outperformed the Nifty 50 index by 104% in this period.

The company’s stock received some beating earlier this year after an adverse report by US based short-seller Viceroy Research.

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Source: NSE