India’s biggest private sector exploration and production companies, Cairn India, has earmarked an investment of over $600 million in the next two years for further enhancement of output from Rajasthan oilfields, as mentioned in some media report. The company’s cumulative production from Rajasthan block has crossed 100 million barrels, with the gross revenue crossing $9 billion mark till date.
Further, Cairn-ONGC joint venture team in Rajasthan has identified plentiful prospects that could transform into incremental revenues of $30 billion to the Government.
On consolidated basis, Vedanta group has posted a rise of 40.31% in its net profit at Rs 3825.74 crore for the quarter ended June 30, 2012 as compared to Rs 2726.56 crore for the same quarter in the previous year. Total income also has increased by 43.36% at Rs 5402.75 crore for quarter under review as compared to Rs 3768.51 crore for the quarter ended June 30, 2011.
Company Name | CMP |
---|---|
ONGC | 271.45 |
Oil India | 648.75 |
Jindal Drilling&Inds | 682.75 |
Hind Oil Exploration | 201.60 |
Deep Industries | 278.35 |
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