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Cairn India to spend $3 bn on oil exploration in 3 yrs 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 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% 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 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 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 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 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'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.
Cairn India net profit up 17% Cairn India net profit up 17% Cairn India, the operator of the nation's biggest onland oilfield, Monday reported 17 percent increase in net profit on the back of higher crude oil production.
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