The company Cairn India is one of the largest independent oil and gas concerns in the nation of Indian. As a subsidiary of Vedanta Resources, Cairn India was first introduced back in 2007. In less than 10 years of existence, the company has managed to gain control over as much as a fifth of India’s domestic crude oil production. This is a publicly held limited company traded on the National Stock Exchange under the symbol CAIRN.
Currently, the largest majority of Cairn India’s gas and oil producing assets are located in Rajasthan, Cambay and Ravva. It’s noteworthy that the company’s properties located in Rajasthan are among the largest oil property discoveries in all of the country over the past 20 years or more. With more than 253 million barrels of crude and 317 billion cubic feet of gas produced, the Ravva project has exceeded initial estimate by as much as three times projection.
Beyond domestic operations, Cairn India is also involved in international exploration and production through a series of co-ops and partnerships. Through it’s wholly owned subsidiary Cairn Lanka Private Limited, the company maintain operation in the Mannar Basin region of Sri Lanka as of 10 December 2009. They also have projects in South African under a partnership agreement with PetroSA, better known as the South African National Oil Company.
Cairn India’s headquarters are located in DLF Atria near cyber city Gurgaon, Haryana 122002 India. The company is managed and directed by Mayank Ashar (CEO) and Navin Agarwal (Chairman), who oversee responsibility for an estimated 5,000 employees located in the company’s three countries of operation. From all operations, the company reported revenues of US $3.2 billion for the fiscal year ended in 2013. Those revenues translated into a net profit of US $2.1 billion PAT for the same time period.