CAIRN ENERGY

  • Cairn India makes new oil discovery in Rajasthan block April 9, 2013

    New Delhi: Cairn India on Tuesday said it has made the 26th oil discovery in its prolific Rajasthan block. The discovery follows allowing the company to explore for oil on block well after expiry of the exploration phase. "Cairn India has made its latest oil discovery, the 26th discovery so...
  • Cairn Energy selling 8 pc stake in Cairn India: Source September 25, 2012

    Mumbai: Cairn Energy is selling an 8 per cent stake in Cairn India for up to $940 million, a source with direct knowledge of the matter said, in a second such deal in three months to pare holding in its former Indian unit. Cairn Energy last year sold a controlling stake...
  • Cairn extends deadline for $9.6 bn Vedanta deal April 7, 2011

    New Delhi: A day after the Government referred its $9.6 billion deal to a panel of ministers, UK's Cairn Energy Plc on Thursday said it has extended the deadline for completion of the sale of a majority stake in its Indian unit to Vedanta Resources by over a month to...
  • NRI billionaire to replace Mukesh as richest Indian August 22, 2010

    New Delhi: The proposed takeover of Cairn Energy's India business could see NRI billionaire Anil Agarwal emerging as the richest promoter of a corporate house ahead of Mukesh Ambani, who has ruled the list for long. After the acquisition of Cairn India and a proposed IPO of group firm Sterlite Energy,...
  • Oil sludge destroys crop, Barmer farmers protest August 13, 2010

    Barmer: Even as Mumbai is coping with the oil spill, farmers in Rajasthan's Barmer are grappling with an oil sludge from a processing factory that has been ruining their crops. Aslah Ram is devastated as he gazes upon his ruined crop of millet, sesame and moong. His farm stead in floodhit...