Cairn India posts 1,400% surge in net profit in Dec quarter
Oil and gas major Cairn India saw a nearly 1,400% surge in net profit at ₹604 crore for the December quarter, as against year-ago period. “We have made use of the challenging oil price environment to achieve competitive returns," the company stated. Cairn further said its proposed merger with Vedanta is expected to be completed in first quarter of 2017. 