The government has rejected Cairn India´s plea to renew the contract for the prolific Rajasthan block with the existing terms and conditions and has asked for the investment plan for the renewal period to assess the extent to which the state´s share of profit can be raised. Cairn India, controlled by billionaire Anil Agarwal, is seeking to extend the contract to operate the oil and gas block in Barmer, Rajasthan by 10 years after the 20-year agreement runs out in 2020.
FlashNews:
ICRA Forecasts Steady Power Demand Growth in FY2026 Amid Monsoon Drag and Renewable Surge
IndiGo Retains Dominance in Indian Skies as Four New Airports Join Winter Schedule 2025
Railways Deploys 6,181 Special Trains for Post-Chhath Return; Bihar Stations Reinforced for Festive Rush
NTPC and EIL Partner to Develop Coal-to-SNG Facility for Grid Stability and Clean Energy Transition
NHAI to Display Toll Pass Details at Fee Plazas to Boost Transparency and Ease Travel
TEC Signs MoU with IIT-Hyderabad to Drive Indigenous Telecom Standards
Grid of Change: Odisha Model and Reimagining Power Sector Reforms Through PPPs
SAEL to Procure 2 MT of Paddy Waste for Clean Energy Push, Targets 300,000 Tonnes CO₂e Avoidance
Vikram Solar Secures 148.9 MW Module Order from Sunsure Energy for Maharashtra and Uttar Pradesh Projects
KPIL Secures ₹23.32 Billion in New Orders Across T&D and Civil Infrastructure Businesses
NHAI to Deploy Network Survey Vehicles for 20,000-Plus km Highway Audit Across 23 States
India’s Renewables Pivot: From Speed to System Strength
IndiGo Expands Saudi Connectivity with Daily Mumbai-Madinah Flights from November 15
Vaishnaw Visits Delhi Station as Railways Set to Run Record 12,011 Festive Trains
UDAN Turns Nine: 15.6 Million Flyers, ₹90 Billion Invested in Regional Aviation
India’s Logistics Cost to Hit Single Digits by December 2025: Gadkari
Toshiba Commits ₹32.32 Billion to Expand T&D Manufacturing in Japan and India
Embraer-Mahindra Alliance to Deliver C-390 Millennium Transport Aircraft for IAF
Inland Waterway Haldia Multi-Modal Terminal Operationalised Under PPP Model
Home » Govt rejects Cairn appeal to renew Rajasthan block deal
Govt rejects Cairn appeal to renew Rajasthan block deal
Oil & Gas
November 1, 2015November 1, 2015
Leave a Reply
You must be logged in to post a comment.