BUSINESS IRRITANTS: Cairn Energy ready to reinvest in India if retro tax issue is resolved: CEO

摘要

UK's Cairn Energy PLC,which gave India its biggest onshore oil discovery and gas find that opened the KG basin,is keen to reinvest in the country if the retrospective tax issue it is facing is resolved,its CEO has said.Cairn,which in the early 1990s grew the Rawa oil and gas field in the Krishna Godavari basin in the Bay of Bengal and then went on to find the country's biggest inland oil discovery in the Thar Desert of Rajasthan,was in 2014 slapped with a tax demand of Rs.10,247-crore over an internal business reorganisation it did of its India business years back.