Cairn Plans $4 Bn Investment in Upstream Ventures over Next 3-4 Years

17 Feb 2025 CW Team

Cairn holds a substantial portfolio of onshore blocks and is actively working to expand its presence in offshore regions by acquiring more deepwater blocks. The company aims to contribute 50 per cent of India’s domestic energy production, doubling its current contribution of 25 per cent. Cairn’s portfolio consists of 62 blocks covering an area of 60,000 square kilometre, with five blocks under production and the rest in the exploration phase.

Cairn is in the process of demerging from its parent company, Vedanta, to become a separately listed entity. The oil and gas business is self-funded, with approximately 40 per cent of Vedanta’s total capital expenditure allocated to Cairn.

The company is also targeting the Northeast region of India for future growth, with significant potential identified in its onshore blocks. Cairn plans to commence production from at least two to three wells in this region in the fiscal year 2025-26.

With recent amendments to the Oilfields Regulation and Development Act, Cairn anticipates increased participation from foreign players in the Indian upstream market, potentially partnering in its hydrocarbon blocks. Additionally, the company is addressing output decline from matured fields, particularly in Rajasthan, where it has already produced around 800 million barrels and aims to extract up to 55 per cent of the estimated 2.2 billion barrels.

Cairn is also diversifying into coal bed methane exploration, having acquired a CBM block with operations set to commence within the next eight to ten months.

News source: Financial Express

Cairn Oil and Gas, a division of the Vedanta Group, plans to invest $3-4 billion in the upstream sector over the next three to four years to expand its business and drive growth. In the previous year, the company invested approximately $400 million in its fields, wells, and expansion activities. The upcoming investments will focus on initiatives such as Alkaline-Surfactant-Polymer (ASP) flooding expansion, tight oil projects, deepwater exploration, and shale development. Cairn holds a substantial portfolio of onshore blocks and is actively working to expand its presence in offshore regions by acquiring more deepwater blocks. The company aims to contribute 50 per cent of India’s domestic energy production, doubling its current contribution of 25 per cent. Cairn’s portfolio consists of 62 blocks covering an area of 60,000 square kilometre, with five blocks under production and the rest in the exploration phase. Cairn is in the process of demerging from its parent company, Vedanta, to become a separately listed entity. The oil and gas business is self-funded, with approximately 40 per cent of Vedanta’s total capital expenditure allocated to Cairn. The company is also targeting the Northeast region of India for future growth, with significant potential identified in its onshore blocks. Cairn plans to commence production from at least two to three wells in this region in the fiscal year 2025-26. With recent amendments to the Oilfields Regulation and Development Act, Cairn anticipates increased participation from foreign players in the Indian upstream market, potentially partnering in its hydrocarbon blocks. Additionally, the company is addressing output decline from matured fields, particularly in Rajasthan, where it has already produced around 800 million barrels and aims to extract up to 55 per cent of the estimated 2.2 billion barrels. Cairn is also diversifying into coal bed methane exploration, having acquired a CBM block with operations set to commence within the next eight to ten months. News source: Financial Express

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..