Barmer oil block row: Vedanta ready to raise govt's share of profit by 10%

The current production sharing contract for the Barmer block will be expiring in May 2020

The battle between Anil Agarwal-led Vedanta and the government over the terms of extension of production sharing contract for the company's Rajasthan block has taken a fresh twist now, with both the parties agreeing to increase the government's share of profit by 10 per cent, until the ongoing legal battle gets over. 

The case is currently before a Division Bench at the Delhi High Court that asked the ministry of petroleum in September to take a call on Vedanta's application on the extension in two months time. "Since the legal process is going on and the case is likely to