Cairn India is currently trading at Rs. 371.00, up by 1.00 points or 0.27% from its previous closing of Rs. 370.00 on the BSE.
The scrip opened at Rs. 368.50 and has touched a high and low of Rs. 375.25 and Rs. 367.45 respectively. So far 53516 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.95 on 22-Feb-2012 and a 52 week low of Rs. 250.00 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 380.95 and Rs. 362.95 respectively. The current market cap of the company is Rs. 70662.67 crore.
The promoters holding in the company stood at 59.00% while Institutions and Non-Institutions held 14.46% and 26.54% respectively.
Cairn India is looking for nod from crucial committee, where its partner Oil and Natural Gas Corp (ONGC) is represented, for raising output from its largest oilfield in the prolific Rajasthan block. The company is all set to increase the production from the Mangala field in the Rajasthan block to 150,000 barrels per day from current 125,000 bpd, but this needs approval of Operating Committee (OC), which comprises its representative and that of its partner ONGC.
After receiving approval from OC, the proposal will then go to the block oversight panel, called the Management Committee which is headed by the oil regulator, the Directorate General of Hydrocarbons (DGH). Independent consultants have certified oil reserves in Mangala field support increased output as well as the adequacy of surface facilities to handle higher production.
Cairn India is one of the biggest private sector exploration and production companies in India. It has employee strength of 650 people. The company has two processing plants, 11 platforms, 200 km of sub-sea pipelines and operations spreading across the Indian sub-continent.
| Company Name | CMP |
|---|---|
| ONGC | 245.45 |
| Oil India | 507.20 |
| Jindal Drilling&Inds | 744.70 |
| Hind Oil Exploration | 187.30 |
| Deep Industries | 504.55 |
| View more.. | |
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