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Cairn India to invest $3 bn over 3 years to produce more oil

Last Updated: Wednesday, July 24, 2013, 12:01

Cairn India, a unit of London-listed Vedanta Resources Plc, will invest more than USD 3 billion over the next three years to explore and produce more oil, its chairman said on Wednesday.

Cairn India to pump $3 bn over next 3 years in Raj oilfields

Last Updated: Monday, June 24, 2013, 19:08

Cairn will raise crude oil production from Rajasthan fields by as much as 23 percent to 215,000 barrels per day by March 2014.

Cairn's Elango to get 40% salary hike

Last Updated: Sunday, June 23, 2013, 11:13

Cairn's new promoter, Agarwal-controlled Vedanta Resources, had named Elango as the firm's interim CEO after the exit of high profile Rahul Dhir in August last year.

Warburg Pincus to fund $600 mn to Rahul Dhir's Delonex Energy

Last Updated: Monday, June 17, 2013, 20:46

"...An affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has agreed to lead an investment of up to USD 600 million in the company," Delonex said in a statement.

Cairn India seeks right of first refusal over Rajasthan block

Last Updated: Thursday, May 30, 2013, 16:16

Cairn India, the company which gave the nation its biggest oil discovery in more than two decades, has asked the Oil Ministry for rights to explore for unconventional shale gas in its prolific Rajasthan block.

Vedanta Resources raises $1.7 billion via bond issue

Last Updated: Thursday, May 23, 2013, 14:33

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

Last Updated: Thursday, May 16, 2013, 21:42

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

Last Updated: Thursday, May 16, 2013, 17:50

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%

Last Updated: Thursday, May 16, 2013, 15:00

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

Last Updated: Monday, May 13, 2013, 15:51

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.

CAG report is not the final word on any issue: SC

Last Updated: Thursday, May 09, 2013, 20:22

CAG report commands respect and cannot be brushed aside but it cannot be the final word on an issue, the Supreme Court said on Thursday.

Cairn said KG block operationally infeasible

Last Updated: Thursday, May 09, 2013, 14:31

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.