Cairn employee
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Oil giant Cairn to sell its vast oil field in Rajasthan

The company that has been developing India's largest onshore oilfield has been explaining its surprise decision to sell most of its interests in the Rajasthan fields for around 8 billion dollars.

Cairn Energy shareholders have voted in favour of the deal and the profits will help the company concentrate on what it thinks it does best - looking for oil in untapped parts of the world.

The buyer mining giant Vedanta wants to become India's national resource champion.

Nigel Cassidy reports.

  • 07 Oct 2010
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