The majority of the company’s capital expenditure is likely to be spent on the Raageshwari Deep Gas (RDG) development and enhanced oil recovery projects .
UK-based Vedanta Resources-owned Cairn India recently slashed its capital expenditure to about $100 million for the ongoing financial year 2016-2017, while it awaits further clarity on a crucial extension for the Rajasthan block’s existing production sharing contract.
