Justice Manmohan said that the terms of the PSC allowed Cairn get 70% of crude from the well while the state-owned company would get 30%.
However, in an earlier hearing the government had said that export of country's domestic crude oil cannot be allowed as it would be detrimental to national interest considering the fact that nearly 85% of required crude was imported, report added.
Cairn India Ltd is currently trading at Rs 222.6, up by Rs 1.2 or 0.54% from its previous closing of Rs 221.4 on the BSE.
The scrip opened at Rs 223.85 and has touched a high and low of Rs 225.1 and Rs 220.75 respectively. So far 1473153 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 41528.13 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 231.6 on 06-Oct-2016 and a 52 week low of Rs 106.6 on 19-Jan-2016. Last one week high and low of the scrip stood at Rs 226.9 and Rs 219.95 respectively.
The promoters holding in the company stood at 59.86 % while Institutions and Non-Institutions held 26.18 % and 13.96 % respectively.
The stock is currently trading above its 50 DMA.
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