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New Delhi, July 31 Cairn India Ltd has posted a net loss of Rs 7.57 crore for the second quarter ended June 30, 2007. The company’s total income for the quarter stood at Rs 8.85 crore. The group (consolidated results) has posted a net loss after tax and minority interest of Rs 71.44 crore in the second quarter. Its total income stood at Rs 278.44 crore.

Gross production of the operating units was 77,392 barrels of oil equivalent per day (boepd) in Q2, a three per cent increase over Q1 of 2007 (74,830 boepd). The working interest production was 19,775 boepd (19,811 boepd).

The strengthening of the rupee against dollar resulted in the company recognising an accounting loss due to foreign exchange fluctuation of Rs 140.5 crore, the company said.

The average oil price realisation in the second quarter was higher at $71.11/bbl and gas price realisation stood at $4.35/mscf.

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