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Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. [4] The company was merged with Vedanta Limited . [ 5 ]
The Cairn Energy and Government of India dispute is mainly an ongoing tax and investment dispute which has its origins in 2005–2006. [1] [2] The case is closely linked to Cairn's partner in India, Vedanta, and to concepts such Ex post facto law in the form of retrospective taxation, bilateral investment treaties, and international arbitration between private and sovereign states.
The oil field was developed in partnership with Cairn India, ONGC, Videocon and Ravva Oil Singapore Private Limited, under a 25-year production sharing contract (PSC) that expired in 2019. There are eight unmanned offshore platforms and sub-sea pipelines are being operated. The crude oil produced from the Ravva field is transferred to the Ravva ...
The company sold an additional 3.5 per cent of its shares in its Cairn India for about US$360 million in June 2012. [15] In March 2014, the company announced that Bill Gammell would step down as chairman after the annual general meeting on 15 May 2014. [16] The company changed its name from Cairn Energy to Capricorn Energy on 13 December 2021. [17]
Vedanta limited owns, leases and operates in India through the following entities: Bharat Aluminium Company: In February 2001, Government of India in a major dis-investment deal, approved the sale of its 51% stake in BALCO to Sterlite Industries (now Vedanta Limited) for Rs.551.5 crores. [33] The government of India owns the remaining 49.0%.
In 2011, Vedanta acquired 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company [18] [19] and in 2013, Sterlite Industries and Sesa Goa announced a merger. The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited). [20]
Indian Oil Corporation Limited India: Oil and Natural Gas Corporation: Oil India: Bharat Petroleum: Hindustan Petroleum: Nayara Energy: Reliance Industries: Cairn India: GAIL: Gujarat State Petroleum Corporation: MedcoEnergi Indonesia: Pertamina: National Iranian Oil Company Iran: North Oil Company Iraq: South Oil Company: Missan Oil Company ...
Anil Agarwal was born and brought up in a Marwadi family in Patna, Bihar, India. His father Dwarka Prasad Agarwal had a small aluminum conductor business. [6] [7] He studied at Miller High School, Patna. [8] [9] He decided to join his father's business, making aluminium conductors instead of going to university. [10]