Mumbai, July, 27 (EPC News): Oil explorer Cairn India, marked a 9 fold jump in its quarterly profit touching at Rs2,727 crore from Rs280 crore in the same period a year ago. The company’s revenues surged more than four times to Rs3,713 crore. Cairn’s total income rose from Rs869 crore for same quarter last year to Rs3,765 crore for the quarter and under review. Last month, India gave conditional approval to Vedanta Resources to buy a 40% stake in Cairn India from its British parent Cairn Energy, in a deal valued at around $6 billion.
EPC News Bureau
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epcworld
| Posted on:7/27/2011 at 10:21 AM