News Details

( 14 Sep 2018)
Vedanta jumps 4% on discovery of natural gas in KG basin

Shares of Vedanta rose over 4 per cent on Bombay Stock Exchange after the company said that it has discovered natural gas in a Krishna Godavari basin block in the Bay of Bengal, East Coast of India.

Boosted by the development, shares of the company gained as much as 4.31 per cent to touch an intra-day high of Rs 233.40 apiece on the Bombay Stock Exchange.

In a similar trend, stocks of the firm were trading at Rs 231.35 apiece, up 3.47 per cent, on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 37,959.19, up 241.30 points, or 0.64 per cent, from previous close on the BSE at 11:10 hours.