Cairn India Ltd reply to clarification sought by the exchange

| Updated on August 27, 2015 Published on August 27, 2015

The Exchange had sought clarification from Cairn India Ltd with respect to news appearing on Financial Chronicle on August 27, 2015 titled "Cairn to invest Rs. 1,400 crore to raise oil, gas carrying capacity".

Cairn India Ltd replied stating "We would like to clarify that the details in the media report have been picked up from the website of the Ministry of Environment, Forest & Climate Change as part of the minutes of the 44th Expert Appraisal Committee meeting. The media journalist has referred to this as part of the news report. This is part of an earlier plan of the Company which has already been informed to the market and is not a new development. Further, the pipeline is subject to the approval of the Regulators."

Source : BSE - >www.bseindia.com

Published on August 27, 2015
This article is closed for comments.
Please Email the Editor