Cairn India Plans Massive Revamp Of Operations Under Vedanta Ltd. Fold

摘要

Vedanta Ltd, the owner of Cairn India Ltd, is engaged in revamping the latter's operations and creating special business units to sharpen the company's focus on oil and gas, as per insider reports that came in in the second week April. Cairn plans to increase production volumes through methods including de-bottlenecking which has the potential to add around 20,000-30,000 barrels per day. The company has also commenced work at its Cambay block in Gujarat to monetize around $7 million of hydrocarbons.