The Government of India government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta's (VDAN.NS) Barmer oil and gas block, a top government lawyer said on Wednesday.
The Supreme Court has been hearing a dispute between Vedanta and the federal government related to an extension of the production-sharing contract for the Barmer asset in the western state of Rajasthan.
During a brief court hearing, Additional Solicitor General Sanjay Jain told judges the government did not agree with Vedanta's argument that the project would be made unviable if the revenue share increases.
A spokesperson for the company did not immediately respond to a request for comment.
The court will now hear the dispute in February.
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