AtulGandhi.com

India, Keep Rising !!

15 January 2013

Investment Idea : Cairn India Ltd


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.

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