Cairn India

Cairn Oil & Gas is the largest private sector producer of crude oil in India, currently producing from assets in Rajasthan, Andhra Pradesh and Gujarat. The Mangala field in Rajasthan, discovered in January 2004, was the largest onshore oil discovery in India in two decades. Mangala, Bhagyam and Aishwariya fields, the three major discoveries in the Rajasthan block, cumulatively have hydrocarbons reserves of approximately 2.2 billion barrels of oil equivalent.

Cairn is an exploration and production leader, and its exploration strategy is based on a portfolio of high reward prospects across the risk spectrum. It believes in investing in advanced geological and geophysical technologies to enhance the probability of exploration success, and monetise its hydrocarbon resources.

On April 11, 2017, Cairn India Limited merged with Vedanta Limited, unanimously recommended by the independent directors at both Vedanta Limited and Cairn India. The merger marked a significant step towards achieving Vedanta’s vision of a simplified group structure, which would help create long-term sustainable value. The merger helped consolidate the Group portfolio of tier-I assets across the natural resources sector, which combined with strong management, is delivering superior returns for all shareholders. The combined entity is uniquely positioned to help unlock India’s wealth of world-class energy and mineral resources.