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.
Post this sale, the share of Eni spA group in Hindustan Oil Exploration Company will come down to 22 percent, says P Elango, the company's managing director.
HOEC plans to focus on developing gas fields going ahead. P Elango, managing director, says the environment approval process for the Assam field has begun.