Mumbai, Feb. 20 -- Ahead of its upcoming demerger into five separately listed companies, Vedanta Ltd is in a race against time to shore up production levels at its oil and gas business that has declined each of the past 10 years.

Higher production levels could bolster the business's financials, helping it fend for itself when it is housed in an independent company named Vedanta Oil & Gas Ltd.

Over the past decade, ageing oil blocks have more than halved production at Vedanta's oil and gas vertical from 211 thousand barrels of oil equivalent per day (kboepd) in FY15 to 103.2 kboepd in FY25. During the first nine months of FY26, average output stood at 89.1 kboepd-below the 95-100 kboepd guidance given by the company at the beginning of t...