"When the burden goes from fair to an extremely high load, at that point we go away from win-win to a win-lose situation"

'For us, currently the cess burden is about 9 dollars and 50 cents a barrel approximately.'

Cairn India today reported a steep 99 per cent drop in its third quarter net profit as it suffered double blow of falling oil prices and hi...

"These levies are detrimental to India’s energy self-sufficiency. Cairn is not asking for a handout. But this burden is extremely unfair."

"What the government needs to do is provide a backdrop such that there is private sector investment, which in turn results in economic grow...

Net revenue of the company declined 44 per cent to Rs 2,242 in the second quarter of the fiscal, Cairn India said in a regulatory filing.

'The International Energy Agency says India needs to invest $16 billion a year in the energy space but the actual investment is $6 billion.'

Cairn India is set to expand its crude oil and natural gas carrying capacity by laying a new gas pipeline from its Barmer field.

Cairn CEO Ashar and CFO Sudhir Mathur met Pradhan on Wednesday to brief about the reverse merger planned by billionaire Anil Agarwal.

Hindustan Zinc and Cairn India have signed an MoU with the government of Rajasthan to invest Rs 20,500 crore over the next three years in t...

The MoU was signed by Akhilesh Joshi CEO, Hindustan Zinc and Mayank Ashar, the CEO and managing director of Cairn India during a road show ...

As crude oil price softened, Cairn India management chose to slash its investments plans for next year to preserve cash and maintain divide...

Profits were down as the price of oil it realised fell 29 per cent to $68.7 per barrel from $96.3 in third quarter of previous fiscal.

The decision clearly signals the ministry's unwillingness to allow any special dispensation to companies and go strictly by the book.

Cairn will pay Ashar a base salary of $1 million per annum plus $1.5 lakh in a special allowance/foreign service premium.

Cairn produced 163,262 barrels of oil per day from the Rajasthan fields, down 6 per cent from 175,478 bpd in Q2 of last fiscal.

The company in a statement said its Board has approved the appointment of Ashar with effect from November 17.