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Vedanta to supply 50% of India's crude oil output after merger: Agarwal

Cairn India currently contributes to 27% of the country's overall oil output

Shine Jacob  |  New Delhi 

Vedanta Group Chairman Anil Agarwal on Thursday said after the merger of Cairn India and Vedanta the combined entity will produce more and the target will be to account for at least 50 per cent of the country’s total oil production in the next four years. This comes at a time when the group is set to complete the merger process within the next ten days.

Cairn India currently contributes to 27 per cent of the country’s overall oil output, producing about 166,000 barrels of oil equivalent per day. The Barmer block in Rajasthan has Cairn India and state-run Oil and ...

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First Published: Fri, April 07 2017. 00:52 IST
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