Cairn India is currently trading at Rs. 338.85, up by 5.05 points or 1.51% from its previous closing of Rs. 333.80 on the BSE.
The scrip opened at Rs. 335.90 and has touched a high and low of Rs. 339.70 and Rs. 334.90 respectively. So far 63206 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. 339.70 and Rs. 330.00 respectively. The current market cap of the company is Rs. 64690.56 crore.
The promoters holding in the company stood at 58.85% while Institutions and Non-Institutions held 14.90% and 26.25% respectively.
Cairn India, a subsidiary of Vedanta Resources, is a planning to earmark an investment of $2 billion over the next two years in oil and gas exploration and production both in the country as well as abroad. Out of this investment, the company plans to invest about $600 million for exploration in the Rajasthan block alone, which is spread over 3000 km and has not even half explored.
Currently, the country's biggest private oil producer is producing 1,75,000 barrels of oil per day (bpd) from its productive Barmer block in Rajasthan and is now betting big on gas discoveries in the same block. Further, the company has estimated a resource base of the block to be 7.3 billion barrels of oil equivalent in-place - an increase of over 11%.
Recently, the company has inked a farm-in agreement with PetroSA for exploring for crude oil and natural gas in the offshore Block 1 in the Orange Basin on the west coast of South Africa. The closure of the transaction is however subject to South African regulatory approvals.
| 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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