"Cairn India" losses widen in FY 2007

Cairn India declined 5.30% to Rs 217.90 at 12:58 IST on BSE after posting net loss of Rs 78.82 crore in the year ended 31 December 2007 as compared to net loss of Rs 29.22 crore in the year ended 31 December 2006.

The stock hit a high of Rs 229.70 and a low of Rs 209.10 so far during the day. The stock had a 52-week high of Rs 268.50 on 7 January 2008 and a 52-week low of Rs 123 on 29 March 2007.

The company’s current equity is Rs 1779.19 crore. Face value per share is Rs 10.

Cairn India's total income rose 474.60% to Rs 33.96 crore in the year ended 31 December 2007 over the year ended 31 December 2006.

Cairn India recently said it plans to raise $625 million, or Rs 2534.60 crore via private placement of shares.

The company’s principal activity is to explore, develop and produce crude oil and natural gas.