SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Cairn India trims capital expenditure for FY17

25 Apr 2016 Evaluate

Cairn India has reduced its capital expenditure for FY17 by a third to $100 million or around Rs 660 crore. The company will spend 80% of total investment for development including Raageshwari gas (field) and Mangala enhanced oil recovery (both in flagship Rajasthan block) completion activities and 20 per cent in exploration.

Cairn had originally planned a capex of $1.2 billion for FY16, but later revised it to $500 million as oil prices started to fall. In third quarter, the firm further trimmed it down to $300 million.  In 2014-15, the company had spent $1.1 billion of capital expenditure.

Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of $10 billion.

Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×