Cairn India presently trades at Rs.222.05, which is higher by 2.70 points from its earlier close of Rs.219.35 on the Sensex.

The stock hit on the lower side at Rs.215.50 that has stayed down for its trade till now and has reached an up of Rs.224.50. Till now 6,30,422 shares traded on the Sensex.

The BSE group Oil-Gas stock reached a 52 week up of Rs.304.90 and a 52 week down of Rs.88.15.

Cairn India will begin operations of its Rajasthan fields from the coming week. The company proposes to begin production by launching the first train of 30,000 barrels of oil each day. Cairn will begin the 2nd train of 50,000 barrels each day later by 4th quarter of 2009.

The crude oil would be posted from its Rajasthan fields to the Gujarat shore through truck till December after which company will begin the world’s longest heat-insulated channel. The shipping cost by means of trucks is projected to be approximately $7-10 each barrel.