Cairn India may spend Rs 13,000 cr on KG-Basin block
Cairn India may spend Rs 13,000 crore in developing an oil and gas block in Krishna-Godavari Basin over a period of time even as it geared up to undertake drilling of 64 exploratory and appraisal wells in that block.
Feb 08, 2015, 13:10 PM IST
ONGC agrees to Cairn being given Rajasthan block extension
In a surprise turn of events, state-owned Oil and Natural Gas Corp (ONGC) has without any condition agreed to its partner Cairn India retaining the prolific Rajasthan oil block beyond the contractual deadline of 2020.
Jan 26, 2015, 19:05 PM IST
India Inc purchases shares worth 34% of buyback targets
India Inc bought back shares worth Rs 3,000 crore from public shareholders through the repurchase programme last year, achieving just about 34 percent of the targeted amount.
Jan 23, 2015, 17:16 PM IST
Cairn India Oct-Dec profit drops 53% to Rs 1,350 crore
Cairn India on Thursday reported a 53 percent drop in its December quarter net profit, crimped by the slump in global oil prices and drop in production.
Jan 22, 2015, 19:11 PM IST
Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal
Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.
Jan 11, 2015, 15:40 PM IST
Law Min says govt can renegotiate fiscal terms of Cairn block
The government may alter terms of Cairn India's Rajasthan oil block after Law Ministry opined that fiscal terms can be renegotiated while granting extension beyond contractual period.
Nov 19, 2014, 12:26 PM IST
Cairn India CEO Mayank Ashar to get $1.15 million salary
Cairn will pay Ashar a base salary of USD 1 million per annum plus USD 1.5 lakh in a special allowance/foreign service premium.
Nov 04, 2014, 16:27 PM IST
Cairn India Q2 net profit dips 33% to Rs 2,278 crore
Cairn India Tuesday reported a 33 percent drop in its September quarter net profit on back of lower oil prices and production from its prime Rajasthan oilfield.
Oct 21, 2014, 19:18 PM IST
Cairn appoints Mayank Ashar as CEO
The company in a statement said its Board has approved the appointment of Ashar with effect from November 17.
Oct 21, 2014, 16:40 PM IST
Cairn India's Rajasthan output dips 7% in Q2
Rajasthan block production in July-September stood at 163,262 barrels of oil per day as compared to 175,478 bpd a year ago, the company said in a statement here.
Oct 10, 2014, 14:45 PM IST
Cairn makes 3 more oil discoveries in Rajasthan
Cairn India on Wednesday said it has made three new oil discoveries in its Rajasthan block, taking the total number of finds in the prolific block to 36.
Sep 17, 2014, 14:13 PM IST
Govt gets over Rs 35K-cr from Cairn's Rajasthan oil block in 5 years
Cairn India's prolific Rajasthan oil block, which completed five years of operations, has contributed over Rs 35,000 crore to the exchequer in taxes and profit petroleum.
Sep 07, 2014, 11:55 AM IST
Cairn gets environment clearance to hike output from Rajasthan block
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.
Aug 21, 2014, 14:18 PM IST
Cairn says Rajasthan block holds 1-3 Tcf of gas reserves
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.
Aug 18, 2014, 16:27 PM IST
Cairn to get 10-year extension for Rajasthan block
The current PSCs provide for a 5-year extension in case of an oil field and 10 years in case of gas discoveries.
Aug 05, 2014, 13:54 PM IST
$1.25 bn loan from Cairn India win-win for both: Vedanta
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.
Jul 29, 2014, 20:13 PM IST
Cairn India gives surprise $1.25 bn loan to Vedanta; stock tanks
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.
Jul 24, 2014, 18:13 PM IST
Cairn India June quarter profit plunges 65% to Rs 1,093 cr
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.
Jul 23, 2014, 19:55 PM IST
Need for predictable taxes, contract sanctity: Cairn India
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.
Jul 23, 2014, 18:40 PM IST
India oil output drops marginally in May, gas production dips
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.
Jun 24, 2014, 18:16 PM IST
