Cairn India to accomplish last stretch of Mangala Pipeline

Cairn India Ltd. (Amalgamated) | Oil Exploration | Oil & Gas | BSE: 532792 | NSE: CAIRN

22 Oct 2012 Evaluate

Cairn India is all set to complete the last 80 km stretch of the 670 km Mangala Development Pipeline designed to evacuate the crude oil produced from Rajasthan. The company aims to ramp up production from the Barmer fields after this pipeline development.

At present, 590 km of the pipeline is operational from Barmer field to Salaya. The company is delivering crude oil to Indian Oil Corporation refineries and private domestic refinery of Reliance Industries and Essar Oil. The current pipeline capacity is 175,000 bopd.

Peers

Company Name	CMP
ONGC	236.60
Oil India	469.80
Jindal Drilling&Inds	606.80
Deep Industries	773.05
Asian Energy Service	489.70
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