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cairn india
Vedanta Resources raises $1.7 billion via bond issue
Vedanta Resources on Thursday said it has raised USD 1.7 billion (Rs 9,500 crore) through issue of bonds, the largest ever offering by any Indian corporate, which will be used to part-finance Cairn India acquisition.
Cairn India to spend $3 bn on oil exploration in 3 yrs
Vedanta group firm Cairn India will invest USD 3 billion (over 16,000 crore) in the next three years to expand its oil and gas production in the country, a top company official said Thursday.
DGH rejects Cairn plea for restoring relinquished area in Raj
Upstream regulator DGH has rejected Cairn India's plea seeking return of nearly 8,000 square kilometres of area in its prolific Rajasthan block that it had over the years contractually relinquished.
Vedanta core profit $4.89 bn in FY'13; Cairn contributes 49%
The natural resources giant had reported USD 4.026 billion core profit or EBITDA (earnings before interest, taxes, depreciation and amortisation) in 2011-12.
Cairn to drill 48 more wells on Mangala oilfield
Cairn India plans to drill 48 wells at a cost of less than USD 100 million on the Mangala oilfield in the prolific Rajasthan block to extend the current production plateau.
Cairn said KG block operationally infeasible
Weeks after Cabinet Committee on Investment eased defence ministry's 'No-Go' restriction on oil blocks, Cairn India has told the Oil Ministry that a large part of its KG basin block has become operationally infeasible because of new limitations imposed.
Supreme Court upholds Cairn-Vedanta deal
The Supreme Court on Thursday refused to interfere in USD 8.5 billion Cairn-Vedanta deal and dismissed a PIL challenging its validity.
Cairn Energy takes stake in two Irish oil blocks
Edinburgh-based Cairn Energy plc Tuesday said it has bought stakes in two Irish oil and gas blocks in a cost-and-carry deal.
Cairn's dividend payout crucial for Vedanta: Moody's
Cairn India's dividend payouts are crucial for Vedanta Group to service debt it had raised to acquire the oil company, credit rating agency Moody's Investors Service said on Wednesday.
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