Hindustan Oil Exploration Company (HOEC) posted a net profit of Rs 1.4 crore in the fourth quarter this fiscal. In an interview to CNBC-TV18, P Elango, MD of the company, said this has been a good year for HOEC.The company's cash on books has increased to Rs 75 crore from Rs 28 crore, he added.HOEC's focus for FY17 will be on developing the Assam gas field and generating cash from the field by by March 2017, Elango said.Watch video for more
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