SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Cairn India plans to invest Rs 3,000 crore in Rajasthan oilfield

14 Jan 2014 Evaluate

Cairn India is planning to invest Rs 3,000 crore over the next 3 years to improve recovery from its prolific Rajasthan oilfield. The company is also planning to launch the largest enhanced oil recovery (EOR) and improved oil recovery (IOR) schemes. The EOR/IOR schemes will help recover over 90 million barrels of oil in the Rajasthan block and sustain peak output for a longer time. This investment is part of the Rs 12,800 crore capex the company had outlined last year. More than 80% of the total capex will be spent on Cairn's prolific Barmer oil block in Rajasthan.

Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. Average daily gross operated production was 205,014 boepd in Q3 FY2012-13. The Company sells its oil to major refineries in India and its gas to both PSU and private buyers.

Peers
Company Name CMP
ONGC 266.65
Oil India 492.00
Jindal Drilling&Inds 632.10
Deep Industries 516.75
Asian Energy Service 369.95
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:

×