London-listed Vedanta Resources is about to pounce on India’s richest oil fields, with full permission of its central government and against the wishes of state-owned oil and gas conglomerate, ONGC. In 2011, Vedanta bought Cairn India from Scotland-based Cairn Energy, and with it came a major chunk of lucrative oil fields in Rajasthan. Many Indians deplored the acquisition as daylight “robbery”, asking why the government apparently succumbed to strong-arming by Vedanta.
See http://www.minesandcommunities.org/article.php?a=12074.