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Cairn India trades in green on the BSE

29 Aug 2013 Evaluate

Cairn India is currently trading at Rs. 329.00, up by 3.45 points or 1.06% from its previous closing of Rs. 325.55 on the BSE.

The scrip opened at Rs. 326.00 and has touched a high and low of Rs. 330.90 and Rs. 323.50 respectively. So far 95087 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 365.90 on 17-Sep-2012 and a 52 week low of Rs. 267.90 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 329.00 and Rs. 299.00 respectively. The current market cap of the company is Rs. 63041.31 crore.

The promoters holding in the company stood at 58.77% while Institutions and Non-Institutions held 26.09% and 15.14% respectively.

State run, Cairn India is looking for environment clearances to take the output from its Barmer oilfields in Rajasthan to 300,000 barrels a day of oil and gas. Currently, it has clearance to produce up to 200,000 barrels of oil equivalent both oil and gas and the fields are producing 180,000 barrels of oil per day and some gas.

The company had also applied to the Ministry for Environment & Forests seeking clearance for producing 300,000 barrels of oil equivalent and more from the RJ-ON-90/1 block. Other than environment clearance, it is also awaiting quick decisions on other pending approvals from the Ministry for Petroleum & Natural Gas and the State Government.

Cairn India is one of the largest independent oil and gas exploration and production companies in India. The company and its JV partners account for more than 20 percent of India’s domestic crude oil production.

 

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
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