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Construction : Power Update | January 2016 | Source : Infrastructure Today

Cairn moves HC for contract renewal

Cairn India has approached the Delhi High Court seeking early government decisions on renewing its production sharing contract (PSC) for its prolific Rajasthan block and a fair price for its output.

Cairn India, which controls about a quarter of the country┬┤s oil production, has been seeking an early renewal of the PSC for another ten years after the contract term for Barmer field expires in 2020.

 
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