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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 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]
The Hong Kong and China Gas Company: United Energy Group: 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 ...
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 ]
In 2011 Vedanta Resources bought 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company. [21] In 2015, Sterlite Industries and Sesa Goa announced their merger and finally merged into a single entity in August 2015. [ 22 ]
In 2001, he acquired 51 percent in Bharat Aluminium Company (BALCO) for an amount of INR 551.50 crore, [17] a public sector undertaking; in the very next year, he acquired a majority stake (nearly 65 per cent) in state-run HZL(Hindustan Zinc Limited). Both the companies were considered sleepy and inefficient mining firms.
Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. In Assam, the Assam Oil Company was producing oil at Digboi (discovered in 1889) and Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two newly discovered large fields Naharkatiya ...