India Investment, Stocks, Credit Card and Retail Forum
Investments in Indian Equity and Research => India Stocks and Shares => Topic started by: manish on May 29, 2010, 06:35:21 PM
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• Cairn reported revenues of Rs6.9bn for 4QFY10—up almost fourfold YoY, but significantly below our estimate. PAT, at Rs2.5bn, would have been higher, but for higher exploration cost charge-offs of Rs1.2bn during the quarter.
• Mangala gross production in 4QFY10 was 17.5kbpd, up only 2kbpd over 3QFY10.
• With commissioning of the second train (50kbpd) in May 2010, production has been ramped up to 60kbpd.
• Currently, 20-25kbpd is being sold through trucking to RIL and MRPL; the rest is being poured in the MPT to Salaya pipeline.
• Train 3 will commission in June 2010...