Cairn India planning to invest $4.59 billion in oil and gas exploration projects: Report

Cairn India, a unit of Vedanta Resources Plc, is reportedly planning to invest about Rs 30,000 crore ($4.59 billion) in oil and gas exploration projects off the country’s east coast and in the onshore fields of Barmer in the west. The company is expecting all approvals for the projects to be in place by the end of October.

Cairn India is one of the largest independent oil and gas exploration and production companies in India.