Vedanta Group explorer Cairn India has announced that it has made the 26th oil discovery in its Rajasthan block.

The company said in statement that the discovery made in the Dharvi Dungar sands of Raageshwari-Tukaram area in the RJ-ON-90/1 block of Barmer basin has nearly 10 meters of gross oil column.

The statement read, "Technical evaluations indicate about 10 metres of gross oil column within Dharvi Dungar formation."

As per the company's claims, it was the first time that they discovered oil in Dharvi Dungar sands in the Raageshwari-Tukaram area. Previous discoveries were made in the shallower Thumbli sands.

The size of the oil pool is yet to be determined.

P. Elango, chief executive officer of Cairn India, said the new discovery reaffirmed the firm's belief that an insistent exploration drilling program would help in harnessing the full potential of the Barmer basin. Speaking on the topic, Elango added, "This is a step closer towards reserve accretion through exploration-led growth."

The Cairn India scrip gained 1.57 per cent to Rs 290.65 a share on the Bombay Stock Exchange (BSE) after the announcement of the discovery.