We have the potential to spend USD 10 billion over a period of five years; we are looking at 3,50,000 barrel of oil. It should be over in this quarter only,” Agarwal said. Shareholders have given approval, SEBI has given approval..06 per cent stake in Cairn India while Cairn Energy has 9. Last year, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of UK voted in favour of the sweetened merger ratio.some clearance here some clearance there… to have 100,000 barrel equivalent to gas.Under the revised offer, Vedanta will give minority shareholders of Cairn India one equity share and four redeemable-preference shares with a face value of Rs 10 each. Shareholders of Vedanta Ltd and LSE-listed Vedanta Resources had approved the merger under a revised all-share deal.In June 2015, Vedanta Ltd (formerly known as Sesa Sterlite Ltd/Sesa Goa Ltd) had announced its proposed merger with Cairn India.He also said the merger of Cairn India and Hindustan Zinc with Vedanta is likely to be completed in the current quarter, creating Indias largest diversified natural resources firm that will compete with the likes of BHP Billiton and Vale SA. but it is almost through.Vedanta Resources subsidiary Cairn produces over 2,00,000 barrels oil and oil equivalents per day and plans to enhance its production by another 1,00,000 barrels of oil equivalent per day.5 per cent and tenure of 18 months..”The process is going on..82 per cent. We are looking to integrate 3 million tonnes capacity for the aluminium,” the mining China Heavy Duty Shield Anchors baron told PTI in a telephonic interview.”We are looking to have over a million tonnes of zinc and lead, 1,000 tonnes of silver.About the proposed merger of cash-rich Cairn India and Hindustan Zinc into the flagship Vedanta Group to create a global natural resources giant, Agarwal said that in all likelihood the process will be completed this quarter.LIC holds 9. It should be over this quarter.New Delhi: Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, companys Chairman Anil Agarwal said. It takes time.The merger will mark a significant step towards achieving groups long-term vision of a simplified group structure and creation of long-term sustainable value, Agarwal said.. The average gross production of Cairn India Ltd, one of the largest independent oil and gas companies, produced 203,703 barrels of oil equivalent per day (boepd) in 2015-16. We are looking to put up a fertiliser plant for DAP for a million tonnes in Rajasthan,” he added. The preference shares will carry a coupon of 7.. Its operations span across India, Sri Lanka, Zambia, Namibia, South Africa, Liberia, Ireland and Australia.
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