Cairn India plans $4.6 bn investment in new oil & gas projects

Cairn India will invest about Rs 300 billion ($4.59 billion) in oil and gas exploration projects off India’s east coast and in the onshore fields of Barmer in the west.

According to a Reuters report, the company’s finance head Sudhir Mathur expects all approvals for the projects to be in place by the end of this month.

He said this on the sidelines of the three-day India Energy Forum by Ceraweek in New Delhi that ended on Tuesday.

It is to be noted that Cairn India is a unit of Vedanta Resources Plc.

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