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Cairn gets environment clearance to hike output from Rajasthan block

Last Updated: Thursday, August 21, 2014, 14:18

The Ministry of Environment and Forests has given environment clearance to Cairn India to raise crude oil production from its prolific Rajasthan block by 50 percent to 300,000 barrels per day.

Cairn says working with new govt to resolve tax dispute

Last Updated: Tuesday, August 19, 2014, 17:45

Scottish explorer Cairn Energy plc Tuesday said it is working with the newly elected government to resolve a tax dispute that has stalled sale of its 10 percent stake in Cairn India Ltd.

Cairn says Rajasthan block holds 1-3 Tcf of gas reserves

Last Updated: Monday, August 18, 2014, 16:27

After oil, Cairn India's prolific Rajasthan block holds significant natural gas reserves, estimated at 1-3 Trillion cubic feet (Tcf), over half of which can be produced.

Cairn to get 10-year extension for Rajasthan block

Last Updated: Tuesday, August 05, 2014, 13:54

The current PSCs provide for a 5-year extension in case of an oil field and 10 years in case of gas discoveries.

$1.25 bn loan from Cairn India win-win for both: Vedanta

Last Updated: Tuesday, July 29, 2014, 20:13

Analysts were of the view that the if Cairn did not have a better usage of its cash, it should have rewarded its shareholders buy way of bonus etc.

Cairn India gives surprise $1.25 bn loan to Vedanta; stock tanks

Last Updated: Thursday, July 24, 2014, 18:13

After using its cash to help new promoter raise stake in the company, Cairn India has loaned out USD 1.25 billion to Vedanta Group, leading to its stock dropping by the most in five years.

Cairn India June quarter profit plunges 65% to Rs 1,093 cr

Last Updated: Wednesday, July 23, 2014, 19:55

Cairn India Wednesday reported a 65 percent drop in its first quarter net profit after booking a one-time depreciation charge on new accounting rules, and said it will invest USD 200 million in developing a gas find in predominantly oil-rich Rajasthan block.

Need for predictable taxes, contract sanctity: Cairn India

Last Updated: Wednesday, July 23, 2014, 18:40

As it looks at policy support to boost output from Rajasthan oil block, Cairn India Wednesday called for predictable taxes and fiscal regime together with maintaining contract sanctity to aid production increase.

India oil output drops marginally in May, gas production dips

Last Updated: Tuesday, June 24, 2014, 18:16

India's crude oil production dropped marginally in May as a fall in output at fields operated by state-owned ONGC and OIL negated increased flows from private firms including Cairn India.

Cairn India pays outgoing CEO bonus of Rs 2.51 cr

Last Updated: Sunday, June 22, 2014, 17:33

Cairn India's outgoing interim CEO was paid a bonus of Rs 2.51 crore for 2013-14 but his total compensation was a third of what the firm's last full time chief executive got.

Investors switching to Cairn India from GAIL

Last Updated: Friday, June 20, 2014, 16:32

GAIL is currently trading at 11 times of its FY16 earnings while Cairn India is trading at seven times, Thomson Reuters data shows.

Cairn gets environmental nod to raise oil production

Last Updated: Tuesday, June 17, 2014, 11:08

Cairn India has received environmental nod for raising crude oil production from its prolific Rajasthan fields by 50 percent to 300,000 barrels per day.