Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil
Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the companys Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged entities.
