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ONGC to hike stake in Cairn block

Last Updated: Monday, June 16, 2014, 13:05

Though the royalty is later cost recovered, the company faces cash flow issues because of the payment.

Cairn India plans to invest Rs 5,000 cr on Rajasthan block

Last Updated: Sunday, April 21, 2013, 14:29

Cairn India plans to invest Rs 5,000 crore on its Rajasthan oil fields in three years to 2016 under a new integrated development plan, even as it seeks extension of block contract beyond 2020.