• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Buzzing Stocks

Feb 16, 2017, 10.52 AM | Source: Moneycontrol.com

HOEC hits 1-year high on contracts win from Govt of India

The company has received two contract in consortia with Oil India, Prize Petroleum and other private company from government of India in the recently concluded bidding for discovered small field bids round.

Like this story, share it with millions of investors on M3

HOEC hits 1-year high on contracts win from Govt of India

The company has received two contract in consortia with Oil India, Prize Petroleum and other private company from government of India in the recently concluded bidding for discovered small field bids round.

Post Your Comments

Share Cancel

| 3 Comments
Moneycontrol Bureau

Shares of  Hindustan Oil Exploration Company (HOEC) touched 52-week high of Rs 78.90, up 6.7 percent intraday Thursday on the back of 2 contracts received from government of India.

The company has received two contract in consortia with  Oil India , Prize Petroleum and other private company from government of India in the recently concluded bidding for discovered small field bids round.

"One of the contract area is offshore field B-80, located in the Mumbai Offshore and the other contract area is onshore field Kherem located in Arunachal Pradesh," as per company release.

The company has 50 percent participating interest in the offshore field B-80 and 40 percent in the onshore field Kherem.

P. Elango, Managing Director of HOEC, "With innovative and cost effective development, these fields can be put on production at the earliest. These blocks have substantial upside to unlock reasonable value to all stakeholders including the Government of India."

At 10:43 hrs Hindustan Oil Exploration Company was quoting at Rs 76.70, up Rs 2.75, or 3.72 percent on the BSE.

Posted by Rakesh Patil
Buy, Hold, Sell ? Hear it first on M3
HOEC hits 1-year high on contracts win from Govt of India
Platinum Member
236 Followers

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login