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.

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.