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Mining giant Vedanta Limited on Thursday said its board has approved a proposal to source 580 MW of green energy for its operations across India.
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Unified in the purpose of increasing the usage and capacity of renewable energy sources in the country, the state-run corporations teamed up for setting up renewable energy-based power plants for Indian Oil refineries, it stated.
While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such as Mumbai High of ONGC and Ravva of Vedanta.
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