SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Cairn India to spend $3 billion over next three years

25 Jun 2013 Evaluate

Cairn India is likely to spend $3 billion in order to find more oil over the next three years. With this initiative, the state run firm aims to raise output from its showpiece Rajasthan oilfields by as much as 23% to 215,000 barrels per day by March 2014. At present, the Rajasthan block’s current production is at around 175,000 bpd.

The entity generates the current production from five fields - Mangala, Bhagyam, Aishwariya, Raageshwari and Saraswati. Bhagyam, the second biggest oilfield behind Mangala, is also expected to increase production up to the approved rate of 40,000 bpd by the second half of current fiscal.

Peers
Company Name CMP
ONGC 279.25
Oil India 454.40
Jindal Drilling&Inds 535.85
Deep Industries 457.70
Asian Energy Service 297.85
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:

×