Cairn Oil & Gas Taps Tech and Data to Modernize India's Energy Backbone
Cairn Oil & Gas, India's largest private oil and gas exploration company, is doing something bold: Reimagining oilfields as intelligent ecosystems.
In this episode of The Sound of CIO, we're joined by Sandeep Gupta, Chief Digital and Information Officer at Cairn Oil & Gas, Vedanta—a man steering this deep-tech transformation, turning some of India's oldest hydrocarbon reserves into hubs of innovation.
But at the heart of this story is something bigger—how a legacy industry is embracing the future to produce more, safer, and cleaner.
This is not just about oil. It's about reinventing energy at a time when India needs it most.
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Time of India
5 days ago
- Time of India
RIL, Eternal drive Sensex 400 points higher, Nifty above 24,700
Indian benchmark indices Sensex and Nifty opened higher, mirroring Asian market gains, as Treasury yields and the US dollar dipped. Positive movements were seen across most sectors, led by Pharma, Oil & Gas, and Auto. Investors are anticipating the Reserve Bank of India's policy decision, with expectations of a rate cut. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Experts View Indian benchmark equity indices, Sensex and Nifty, opened higher on Thursday, mirroring gains in Asian peers, while Treasury yields and the US dollar BSE Sensex was trading 419 points, or 0.52%, higher at 81,417. The Nifty50 was up 120 points, or 0.49%, trading at 24,740 around 9:37 the Sensex pack, Eternal Reliance , M&M, and HCL Tech were among the top gainers, rising up to 2.5%. Meanwhile, Bajaj Finserv Nestle , and HUL opened with Nifty FMCG, all major sectoral indices advanced at the open, with Nifty Pharma, Oil & Gas, and Auto leading the gains, rising up to 1.2%. Broader markets also moved higher, with the smallcap index up 0.7% and the midcap index rising 0.4%.Among individual stocks, Hindustan Aeronautics HAL ) opened nearly 2% higher after the company refuted a media report claiming that its negotiations with General Electric (GE) for the local production of GE414 engines had stalled. The state-run aerospace and defence firm called the report 'factually incorrect and misleading.'The MSCI Asia ex-Japan index rose 0.5%, led by gains in Hong Kong and South Korean stocks, with the latter hitting an 11-month high on post-election Wall Street ended mixed, while Treasury yields and the dollar slipped after data showed a contraction in the U.S. services sector in May for the first time in a home, investors await the Reserve Bank of India's policy decision on Friday, with the central bank widely expected to cut key lending rates by 25 basis points for the third consecutive meeting."Both geopolitical and economic news are likely to weigh on markets in the near term. A serious concern is a potential Russian retaliation to the recent Ukraine attacks on Russian planes. How serious this will be and what will be its consequences are unknown factors now," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments."The major economic news is the sharp dip in the US ISM PMI data. This indicates that the US economy is slowing down sharply. The US 10-year bond yield has declined to 4.36 % and, given the slowing US economy, is likely to trend lower. This will turn out to be good for EMs like India in the medium term, but the spike in uncertainty will keep the market within the present range for the near-term," Vijayakumar Matalia, Derivative Analyst at Choice Broking, said, Nifty can find support at 24,600, followed by 24,400 and 24,450. On the higher side, 24,700 can be an immediate resistance, followed by 24,800 and 24,850.

Economic Times
5 days ago
- Economic Times
KEC International shares in focus after securing orders worth Rs 2,211 crore
KEC International is a global EPC company operating in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. Synopsis KEC International, the RPG Group's infrastructure arm, secured fresh orders worth Rs 2,211 crore across multiple segments, including Transmission & Distribution, Oil & Gas Pipelines, and Cables. With a strong international order book and a 40% year-to-date growth in orders, analysts maintain a 'Buy' rating with a target price of Rs 972, indicating 10% upside from current levels. Shares of KEC International, the RPG Group's infrastructure arm, will be in focus on Thursday after the company announced fresh orders worth Rs 2,211 crore across multiple business segments. ADVERTISEMENT According to the company, the Transmission & Distribution (T&D) segment has bagged key orders in the Middle East and the Americas. These include the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, along with the supply of towers, hardware, and poles in the Americas. The Oil & Gas Pipelines business has received its second international order for terminal station works in Africa, supplementing its ongoing pipeline-laying project in the region. Meanwhile, the Cables business secured orders for the supply of various types of cables in India and overseas."The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us."Our subsidiary, SAE Towers, has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs 4,200 crores, a robust growth of 40 per cent vis-a-vis last year," Vimal Kejriwal, MD & CEO, KEC International, said. ADVERTISEMENT Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments KEC International is a global EPC (Engineering, Procurement, and Construction) company with operations in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries, including through the supply of towers and cables. It is the flagship company of the RPG Group. ADVERTISEMENT Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months As per Trendlyne data, the average target price of the stock is Rs 972, which shows an upside of 10% from the current market prices. The consensus recommendation from 24 analysts for the stock is a 'Buy'. ADVERTISEMENT Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 On Wednesday, KEC International shares closed at Rs 880.4, up 1.2% on the BSE, while the benchmark Sensex surged 0.32%. The stock has declined 27% year-to-date but gained 26% in the last three months. The company's market capitalisation stands at Rs 23,437 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY


Economic Times
02-06-2025
- Economic Times
Nifty's PAT grew 3% in Q4FY25, beat Motilal Oswal's estimates; Bharti Airtel, HDFC Bank among top 5 contributors
Nifty posted 3% net profit growth in Q4FY25, marking its fourth straight single-digit gain. Bharti Airtel, ICICI Bank, and others drove 137% of incremental earnings, while MOFSL stays bullish on large-caps and domestic sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Q4FY25 earnings based on Mcap Tired of too many ads? Remove Ads Nifty delivered a fourth successive quarter of single-digit net profit growth since the pandemic of 2020 at 3%, with heavyweights Bharti Airtel Tata Motors and HDFC Bank contributing 137% of the incremental year-on-year accretion in earnings according to estimates by Motilal Oswal which remains biased towards large-caps and domestic plays amid a volatile backdrop."Our model portfolio stance remains unchanged, with a distinct bias towards large-caps and domestic plays, given the current volatile backdrop. We are OW (overweight) on BFSI, consumer discretionary, industrials, healthcare, IT and telecom while we are underweight on Oil & Gas, cement, automobiles, real estate and metals," MOFSL uptick in Profit After Tax (PAT) was higher than MOFSL's estimates of 2% and IndusInd Bank State Bank of India (SBI), Kotak Mahindra Bank , and Grasim Industries contributed adversely to the broad-based analysis reveals 13 sectors exceeding expectations in the 4QFY25 corporate earnings, showcasing widespread outperformance across and OMCs propelled earnings growth and were followed by PSU banks, automobiles, healthcare, technology, and capital goods, fuelling this healthy performance. Conversely, Oil & Gas (excluding OMCs) and private banks dragged overall aggregate earnings of the MOFSL universe companies grew 10% YoY versus the estimates of 2% YoY in metals profit surged 45% YoY on a low 4QFY24 base while for OMC's PAT jumped 14% YoY versus estimates of a 59% decline. Earnings of PSU banks (+9% YoY), automobiles (+8% YoY), technology (+7% YoY), healthcare (+17% YoY), capital goods (+14% YoY) and consumer durables (+37% YoY) stood at 9%, 8%, 7%, 17% and 37%, respectively. As for the telecom sector, profit of Rs 500 crore was reported versus loss of Rs 2,500 contrast, aggregate earnings growth was hit by Oil & Gas (ex OMCs), which posted a profit decline of 12% YoY. Further, earnings were dragged down by private banks (-6% YoY), cement (-3% YoY) and consumers (-1%).The MOFSL review reveals that largecaps and midcaps delivered a beat while smallcaps reported a coverage universe comprising 86 largecap companies posted an earnings growth of 10% YoY while midcaps (89 companies) delivered 19% earnings growth versus estimates of 10%. The earnings were led by financials (PSU banks and NBFCs), metals, healthcare and contrast, smallcaps (122 companies) experienced a broad-based miss adversely impacted by the financials sector. The smallcap earnings dipped 16% YoY versus estimates of 11% fall. In this, 39% of the coverage universe missed MOFSL's the other hand, within the largecap and midcap universe, 21% and 25% of the companies missed their estimates.