P Elango

HOEC MD P Elango says FY16 has been a good year for the company and its cash on books has increased to Rs 75 crore from Rs 28 crore.

Assam field a 'new growth opportunity': HOEC

P ELANGO, MD, HOEC, discusses company's fourth quarter earnings and future outlook.

Environment approval process for Assam field begins: HOEC

HOEC plans to focus on developing gas fields going ahead. P Elango, managing director, says the environment approval process for the Assam field has begun.

Crude fall barely impacts cos with onshore exposure: Elango

Even at current price levels, Cairn India should be able to plough its way very well with a huge resource base with its operating cost for onshore field standing at USD 3.50/bbl, says P Elango, interim CEO of the company.

Cairn India jumps 2% on buyback nod, investment plans

The schemes will help recover over 90 million barrels of oil in the Rajasthan block and sustain peak output for a longer time. Cairn India currently produces close to 1,85,000 barrels of oil per day from the Rajasthan block and will exit the financial year with over 2,00,000 bpd output, he said.

Cairn India to invest Rs 3k cr to improve oilfield recovery

The schemes will help recover over 90 million barrels of oil in the Rajasthan block and sustain peak output for a longer time. Cairn India currently produces close to 1,85,000 barrels of oil per day from the Rajasthan block and will exit the financial year with over 2,00,000 bpd output

Cairn India to pump $3bn over 3 years to tap Raj oilfields

Cairn will raise crude oil production from Rajasthan fields by as much as 23 per cent to 215,000 barrels per day by March 2014.

Cairn India strikes oil in Rajasthan, stock up 2.6%

Cairn India has made a new oil discovery in the Barmer field in Rajasthan, following the government‘s policy decision to allow exploration in mining lease areas, which was earlier was restricted.

Nod for drilling well in Rajasthan may boost output: Cairn

Cairn India today said the expected government nod for drilling exploration well in its Rajasthan oil fields may help it raise output from the prolific fields to 300,000 barrels a day from the current 175,000 bpd.

Rahul Dhir quits as CMD of Cairn India

Cairn India‘s managing director and CEO Rahul Dhir, who has been the face of the organization for close to six years. Dhir‘s exit, marks the consolidation of Vedanta Resources $8.64 billion acquisition of the company from Cairn plc.