India CSR Network
NEW DELHI: Cairn India Ltd bagged the prestigious VAJRA under the Fuels and Resources Award – Oil & Gas category as Best Performing National Asset by the jury panel of 10th ENERTIA Awards 2016 – India & South Asia, for Excellence in Sustainable Energy and Power held on Prakash Divas, December 29, 2016, New Delhi.
Sudhir Mathur, Acting Chief Executive Officer (CEO) of Cairn India said, “Cairn India is honored that ENERTIA Foundation acknowledged the work we are doing by embracing innovative state-of-the-art technologies. This award is a reflection of Cairn’s can do spirit – reflected in the hard work and commitment of all its employees. With this recognition, we are sure of continuing the excellent work the company has been doing in the field of sustainable energy and power.”
ENERTIA awards are held under the aegis of ENERTIA Foundation – a Public Trust/Non-Profit/Non-Government organization for promotion of clean, green and sustainable energy and power in India, SAARC and the rest of Asia, founded under the theme – ENERTIA Alliance for Sustainable Energy (EASE) and supported by Renewable Energy Promotion Association (REPA) – India’s apex renewable energy body at the forefront of renewable energy policy making. The alliance’s mission objectives also include Renewable Portfolio Obligation (RPoO) across hydropower, solar, wind, bio-energy and energy from waste (EFW), marine renewable energy (MRE), nuclear energy and other carbon free energy sources.
The awards attract India’s topmost power and energy companies and are the benchmark recognition for excellence in the sector. These awards are given to both public and private sector enterprises in the power and energy sector. Special focus is on key areas like super critical thermal power, hydropower, solar energy, wind energy, de-centralized and distributed power, energy efficiency, utilities, T&D, manufacturing, technology and enterprise innovation.
Cairn India is one of the largest independent oil and gas exploration and production (E&P) companies in the world, with a market capitalization of more than USD 4 billion. Cairn India operates around 27% of India’s domestic crude oil production (as of FY 2015-16). The company has opened four frontier basins with numerous discoveries, 38 in Rajasthan alone. Its Mangala, Bhagyam and Aishwariya fields, the three major discoveries in the Rajasthan block, together, have a gross hydrocarbons initially-in-place of about 2.2 billion barrels of oil equivalent.