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Cairn India is listed in Mumbai, but the majority belonging to Cairn Energy, the browser centred in Edinburgh. Its main strengths are oil fields in Rajasthan, strategic importance in India and could provide much of the country's needs.

After weeks of speculation about a bid to counter State, Oil & Natural Gas Corporation (ONGC) has now written Cairn Energy asking him to articulate the qualities of Vedanta to run the champs.Il clarification is whether Vedanta "financial strength, technical capability and past experience in the field of oil and gas".

ONGC has already has fields in Rajasthan 30pc and stressed that she first right to purchase the game restant.Vedanta, pinworm Indian listed FTSE 100, insists on the fact that it has the necessary resources to develop the fields correctly.

Bill Gammell, CEO of Cairn Energy, said the week last in Mumbai that CGSB has no rights of pre-emption on the fields.

However, the Indian Government has already indicated that it will make the final decision that Vedanta has the expertise to develop regulatory approval decision champs.Une is expected at the end of the year.

Vedanta funding agreement taking about $6. 5bn debt - not far off the coast of market value of the mining company.

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