The Business Bytes
THEBUSINESSBYTES BUREAU
GUWAHATI, APRIL 14, 2025
Assam Chief Minister Dr. Himanta Biswa Sarma on Monday held an extensive meeting with representatives of Vedanta Group to prepare a comprehensive roadmap for the company’s ambitious ₹50,000 crore investment in the state’s oil and gas sector.
The meeting follows Vedanta Group Chairman Anil Agarwal’s announcement at the Advantage Assam 2.0 summit in February, where he committed to investing ₹50,000 crore in Assam and Tripura over the next 3–4 years. The investment is aimed at ramping up energy exploration and drilling efforts in the Northeast region, particularly in the Arakan Basin.
Taking to social media platform X, the Chief Minister said, “At #AdvantageAssam2 we received investment commitments of ₹5.19 lakh crore, of which the Vedanta Group has set a target of investing ₹50,000 crore in the State.” He added, “Today I had an extensive meeting with representatives from Vedanta to chalk out a time frame on realising these investments, particularly in the field of energy exploration and drilling.”
The Assam government, he noted, is according top priority to ensuring that a majority of the big-ticket investment proposals begin implementation within the current fiscal year.
During the summit, Anil Agarwal had underscored the transformative impact of the proposed investment, stating that Vedanta’s oil and gas arm, Cairn Oil & Gas, aims to produce 1,00,000 barrels of oil and gas per day. “This will position the region as a dominant hydrocarbon hub while generating direct and indirect employment opportunities for 1 lakh youths,” he had said.
Cairn Oil & Gas currently holds a significant 7,650 sq km acreage in Assam’s Arakan Basin and has a robust portfolio of 15 exploration blocks. Its Hazarigaon field, which began production in 2023, marked the company’s first operational success in the Northeast and has already been supplying gas to local tea estates.
With both the Assam government and Vedanta showing strong intent, this mega investment is expected to unlock the hydrocarbon potential of the region and drive economic growth, energy security, and employment across Assam.
