the nation towards energy self-sufficiency and will not only add to economic growth but also reduce the fiscal deficit through increased contribution to the exchequer".
Cairn is now looking to focus on gas prospects in Rajasthan and bring them to commercial production as fast as possible.
However, its income from operations declined 4 per cent to Rs 4278 crore, QoQ after paying royalty for Rajasthan blocks in which it has 70 per cent participating interest.
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4.9 per cent QoQ to Rs 3,258 crore in October-December quarter.
Cairn said it has decided to pay an interim dividend of Rs 5 a share.