India has extended bid submission deadlines for oil and gas exploration under two government licensing tracks, setting the new cut-off for both at June 19. The tenth licensing round, launched in February 2025, has now received its fifth extension since its debut, following a prior deadline of May 29. Separately, the eleventh round under the Open Acreage Licensing Policy (OALP), introduced in March, was also extended to the same date. The Directorate General of Hydrocarbons offered no reason.
India’s latest coal bed methane licensing round failed to spark much competition, with seven of 13 blocks receiving no bids and four landing just a single bidder. Even a Special CBM Bid Round 2026 with more liberal terms attracted only three companies, leaving just two blocks to face competitive bidding.
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Lenders defending the Jaiprakash Associates bid process before the NCLAT say selecting Adani Enterprises was fair and transparent. They rejected Vedanta’s late addendum offering more money, arguing it violated the pre-set bidding framework and would have prolonged delays. The hearing centers on claims that the process was tailored versus competitively handled under the original timelines and terms.
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