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Last Updated : 02 May 2008 at 11:25 IST
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Cairn India get Govt nod to sell oil to western India

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MUMBAI: Oil explorer Cairn India Ltd, the Indian unit of Britain's Cairn Energy Plc, said it had received agreement from the Indian government to deliver its crude oil to Salaya in western India.

Cairn, which struck oil in Mangala, its biggest field, in the desert state of Rajasthan in 2004, will start production from that field in the second half of 2009, it said in a statement to the stock market on Thursday. May 1 was a local holiday, reporters Reuters.

Cairn India CEO Rahul Dhir told Reuters on Tuesday the company had received government approval to start production from Bhagyam, its second-biggest field, in the first half of 2010.
MCX CARBON CREDITS 14 December 2012 contract was trading at Rs 562 , down Rs. -53 . What's your view on it?
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