Delhi HC orders extension of Cairn India contract by 10 yrs on same terms
The Delhi High Court has ordered extension of Cairn India Ltd's Rajasthan oil block contract for 10 years beyond 2020 on old terms and conditions, the company said in a regulatory filing
The 25-year contract for exploration and production of oil and gas from Barmer block RJ-ON-90/1 is due for renewal on May 14, 2020, but Cairn India has to, as per a new policy, apply for a 10-year extension. Image source: Reuters