Vedanta Group to invest Rs 50,000 cr

Guwahati: Mining major Vedanta Group chairman Anil Agarwal on Tuesday announced that it will pump in Rs50,000 crore in Assam and Tripura’s oil and gas sector over the next 3-4 years. Speaking at the inaugural function of the Advantage Assam investment summit here, he said group firm Cairn Oil & Gas has already invested around Rs2,500 crore in the two states of the northeast region. “Assam has abundant natural resources and potential to become the world’s mega basin,” he said.