Vedanta group firm Cairn India will invest $3 billion (over 16,000 crore) in the next three years to expand its oil and gas production in the country, a top company official said today.

The fall in commodity prices and the mining bans in Karnataka and Goa weighed heavily on London-listed Vedanta Resources Plc as the latter cost Vedanta Rs 2,700 crore in profits in the financial year ended March 31, 2013. The company reported pure

Cairn India plans to drill 48 wells at a cost of less than $100 million on the Mangala oilfield in the prolific Rajasthan block to extend the current production plateau.

Weeks after Cabinet Committee on Investment eased defence ministry's 'No-Go' restriction on oil blocks, Cairn India has told the Oil Ministry that a large part of its KG basin block has become operationally infeasible because of new limitations imposed.

After a knee-jerk reaction post results that saw Cairn India’s stock end 1.5% lower at Rs 289 last Tuesday, it has bounced back to touch Rs 306 levels.

After a knee-jerk reaction post results that saw the stock end 1.5 per cent lower at Rs 289 on Tuesday, Cairn India has bounced back to touch Rs 300 levels.

At a time when the finance, power and fertiliser ministries have snubbed the Rangarajan committee's report on gas prices, Cairn India and Gujarat State Petroleum Corporation (GSPC) have joined the bandwagon of companies demanding a rise in gas prices -

Cairn India's dividend payouts are crucial for Vedanta Group to service debt it had raised to acquire the oil company, credit rating agency Moody's Investors Service said today.

In Q4FY13, Cairn has reported profit after tax lower than our estimate. CIL has reported a PAT of Rs.25.64 Bn, lower by 23.4% QoQ but higher by 17.26% YoY. Lower profit is mainly on account of 1).

Pushed by an increase in production, Cairn India Ltd posted a 17 per cent rise in net profit at Rs 2,563 crore during the fourth quarter of FY13, compared to Rs 2,186 crore during the same period in FY12.The company’s net sales for the period under

The company also wants back all of the area it had contractually relinquished.

The company on an average produced 168,594 bpd of crude oil from Rajasthan, lower than the 175,000 bpd declared target, Cairn said in a production update.

Cairn India, which extracts crude from the nation’s biggest deposit on land, rose the most in a week in Mumbai after saying it found oil in a new well.

Cairn India today said it has made the 26th oil discovery in its prolofic Rajasthan block.

Cairn India is trading higher by 3% to Rs 294 after the oil exploration and production firm said that it has struck fresh oil in the Barmer Block in Rajasthan.

Cairn India (Cairn) stock has under-performed the Sensex as well as BSE Oil and Gas Index in the past few months.

Shares in Cairn India Ltd gained 2.2% after Kotak Institutional Equities upgraded the stock to "buy" from "add" and kept its target price of Rs 340, saying the current price provides a good entry point as valuations and expectations

Post the policy clarity on exploration in producing E&P blocks, Cairn India has recommenced exploration at its Rajasthan block after a 4-year gap.

In an effort to diversify its portfolio, the Anil Agarwal-led Cairn India Ltd is looking to enter the downstream gas infrastructure business through a joint venture with GAIL India Ltd and Rajasthan State Petroleum Corp Ltd (RSPCL).

Vedanta group chairman Anil Agarwal on Saturday made an unusual offer to the government. He said the petroleum ministry and the state-owned ONGC could take up a board position on his group's subsidiary Cairn India to expedite government approvals.