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Cairn India Falls as Crude Prices Drop
Shares in Cairn India dropped today as Crude Oil prices once again dropped after Saudi Arabia's oil minister said OPEC would not cut production at any price.
Shares in Cairn were trading one per cent below at Rs 245.30, a fall of 1.33 per cent over Monday's close.
Cairn India is one of the largest independent oil and gas exploration and production companies. Cairn India was rated as the fastest-growing energy company in the world, as per 2012 & 2013 Platts Top 250 Global Energy Company Rankings.
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Story first published: Tuesday, December 23, 2014, 10:44 [IST]