Cairn India posts Rs.1.38 bn profitJuly 29th, 2008 - 11:05 pm ICT by IANS
New Delhi, July 29 (IANS) Energy firm Cairn India Ltd has posted a consolidated profit after tax of Rs.1.38 billion ($32.8 million) during the second quarter of 2008 compared to a loss of Rs.714 million over the same period last year. The company announced Tuesday that there was a rise of 65 percent in the consolidated revenue from Rs.2.4 billion in 2007 to Rs.4 billion in this year.
The Cairn India statement reiterated that the company would deliver the first oil from Mangala oil field in Rajasthan in the second half of 2009.
Infrastructure major Larsen & Toubro has started work on a crude oil insulated pipeline, gas pipeline and associated facilities from Barmer, Rajasthan, to Gujarat coast.
Cairn India has also acquired an exploration licence to look for oil and gas in Sri Lanka’s Mannar basin.
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- Vedanta buys out Cairn's India subsidiary - Dec 08, 2011
- Vedanta meets all conditions for stake buy out: Cairn - Dec 07, 2011
- Cairn India starts crude sales through pipeline - Jun 15, 2010
- ONGC approves Cairn-Vedanta deal - Sep 28, 2011
- Cairn starts oil production in Rajasthan - Aug 29, 2009
- Indian company drills second oil well in Sri Lanka - Oct 22, 2011
- Vedanta enters oil prospecting with $8.5-$9.6 bn Cairn deal (Roundup) - Aug 16, 2010
- Cairn India starts oil exploration in Sri Lanka - Aug 06, 2011
- Cairn Energy tells Indian arm to accept government terms - Aug 23, 2011
- Cairn to begin oil production from Rajasthan this month - Aug 02, 2009
- Cairn India and PetroSA deal on oil exploration in South Africa - Aug 16, 2012
- Sri Lanka says gas field found in northwestern sea - Oct 03, 2011
- Mangala oil processing terminal activation a historic achievement: Deora - Aug 29, 2009
- Government assures refiners for Cairn's crude - Aug 29, 2009