The Edinburgh-based group said Cairn India had agreed to supply crude from Mangala to the refinery owned by Indian giant Reliance Industries in Jamnagar, Gujarat state.
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Profitable oil deal by India subsidiary boosts Cairn shares
Shares in Cairn Energy rose 5% after the oil and gas firm said its Indian subsidiary had agreed a deal to sell output from the giant Mangala field in the Rajasthan state at a higher price than the existing contract.
