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Cairn India set to Sign deals to Sell Gas From Mannar Wells | Business Standard

Cairn India set to strike gold in Sri Lanka | Business Standard: "Anil Agarwal-led Cairn India Ltd will get one more exploratory block in Sri Lanka and will sign within a month a pact to sell commercial gas to power plants, a first in the island nation’s history.

Saliya Wickramasuriya, Director-General of the Petroleum Resources Development Secretariat (PRDS), told Business Standard, “There were only two bidders for the current round of auction. Cairn India bid for M5 block in Mannar and Singapore-based Bonavista bid for Cauvery blocks C2 and C3. Both the bids are good and have high work-up plans. As there are no competitors, once the technical process is over, we would finalise and sign it (the agreement) by March.
Cairn India set to Sign deals to Sell Gas From Mannar Wells | Business StandardSocialTwist Tell-a-Friend

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