Cairn India is engaged in the
business of oil and gas exploration and production
The Company has a world-class
resource base, with interest in eight blocks in India, one in Sri Lanka and
one in South Africa. Cairn India’s
resource base is located in four
strategically focused areas namely one block in Rajasthan, two on the west
coast of India, six on the east coast of India (including one in Sri Lanka) and
one in South Africa.
The blocks are located in the Barmer
Basin, KrishnaGodavari Basin, the Palar-Pennar Basin, the Cambay Basin, the
Mumbai Offshore Basin, Mannar Basin and Orange Basin.
The Mangala discovery in Rajasthan
in 2004 was the largest onshore discovery in the country in the past two
decades.
Vedanta Group has acquired a 58.5
per cent stake in Cairn India for $8.67 billion,
Recently government has allowed
Cairn India to further explore its prolific Rajasthan oilfields, which can
raise the block’s output to 300,000 barrels per day from current 175,000 bpd.
Invest for long term.
Consolidated financials (Rs in Crore)
Disclaimer: Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed here.
No comments:
Post a Comment
Comments