sector: Energy ·
industry: Oil & Gas Exploration & Production ·
As of
11:23am IST
281.85INR
Cairn India Limited (Cairn) is an Indian company engaged in the business of surveying, prospecting, importing, exporting and generally dealing in minerals, oils, petroleum, gas and related by-products and other activities. Cairn also holds interests in its subsidiary companies, which have been granted rights to explore and develop oil exploration blocks in the India sub continent. As of March 31, 2009, Cairn had two significant producing assets: at CB/OS-2 in the Cambay Basin, off the Gujarat coast in western India, and Ravva, located in the Krishna-Godavari basin off the Andhra Pradesh coastline in Eastern India. Its gross operated production from these two assets in India during the fiscal year ended March 31, 2009 (fiscal 2008) was 66,146 barrels of oil equivalent per day (boepd). In CB/OS-2 block, the Lakshmi and Gauri offshore fields are producing oil and gas, while the onshore field, CB-X, is producing only gas. Average gross from the Ravva field for fiscal 2008 was 52,539 boepd.
BRIEF: For the six months ended 30 September 2009, Cairn IndiaLimited's revenues decreased 32% to RS6.69B. Net income increased 19% to RS5.15B. Revenue reflects decrease in income from operations and lower other income. Net income also reflects a decrease in employees cost, lower depreciation & amortization and lower exploration cost. Cairn India Limited is promoted by Cairn Energy PLC. The Group's principal activities are to explore develop.
Cairn India Ltd
3rd & 4th Floors, Orchid Plaza
Sun City, Sector 54
Gurgaon 122 002
P: +91124.4141360
F: +91124.2889320