English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesRamping up business will increase gross revenues to Rs 40 lakh/day, says HOEC

    Ramping up business will increase gross revenues to Rs 40 lakh/day, says HOEC

    Hindustan Oil Exploration Company (HOEC) has been buzzing and has gained 45 percent this year so-far and 14 percent this month. In an interview to CNBC-TV18, P Elango, MD of the company spoke about the latest happenings and his outlook going ahead.

    September 14, 2017 / 15:34 IST

    Hindustan Oil Exploration Company (HOEC) has been buzzing and has gained 45 percent this year so-far and 14 percent this month. In an interview to CNBC-TV18, P Elango, MD of the company spoke about the latest happenings and his outlook going ahead.

    For next financial year we are looking at gross gas sales of 36 million standard cubic metres a day (mmscmd), said Elango.

    He further said that the focus is on completing the Assam project.

    On revenue front, he said current gross revenue per day is less than Rs 10 lakh. Ramping up business will increase gross revenues to Rs 40 lakh per day, he added.

    Watch accompanying video for more details.

    first published: Sep 14, 2017 03:34 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347