NELP-VII: Govt hopes to get $4bn investment

 Updated at 1230 hrs: The seventh round of New Exploration and Licensing Policy (NELP) will be announced today afternoon, and under which 67 oil and gas exploration blocks are likely to be offered for auction. 

This will be the largest auctioning of oil and gas blocks. In the last round of NELP in February this year, 52 blocks had been put up for auction.