Cairn India gets ‘Superbrand’ status

Tuesday, 2 August 2011 00:00 - - {{hitsCtrl.values.hits}}

Cairn India, the parent company of Cairn Lanka (P) Ltd., the firm that is at present exploring in the Mannar basin, was accorded ‘Superbrand’ status.

The award was received by Cairn India Director, Corporate Communications, Affairs & CSR Manu Kapoor from Planning Commission Deputy Chairman Montek Singh Ahluwalia at a glittering ceremony in New Delhi.

While membership in this exclusive association/club of brands is by invitation only and comprises global giants from across categories, this accreditation puts Cairn India in the elite club of other oil and gas peers like Reliance Industries and ONGC and technical companies like L&T. Cairn India, which gave India its largest onshore oil discovery in more than two decades, earlier this week reported a higher-than-expected growth in June quarter net profit, boosted by a rise in crude oil prices and increased output from its showpiece Rajasthan fields.

The company’s April-June quarter consolidated net profit rose 10-fold to INR 2,726.6 crore.Besides Rajasthan, Cairn also produces oil and gas from two other blocks in India – the Ravva fields off the Andhra coast and CB-OS/2 in the Cambay Basin in Gujarat.

In the Mannar Basin the acquisition and interpretation of 1,750 km2 3D seismic data in SL 2007-01-001 block was completed. The drillship ‘Chikyu’ has been mobilised and the three well exploration drilling campaign in the SL 2007-01-001 block is planned to commence in August 2011.

Superbrands started out as a concept in the United Kingdom in 1993 and has grown to be a global invitation-only collective of the most impactful brands that have made an impression on business and society over the decades.

Currently, Superbrand operates in 86 countries across the Americas, Europe, Australia, Africa and Asia.

In India, the collective was launched in 2003 and involves a rigorous selection process, with nominations divided into two categories – Consumer (B2C) and Business (B2B) brands. The rigorous selection process involves a three-tier evaluation.