Hindustan Oil Exploration Company (HOEC) posted a good set of earnings in Q3 with strong revenue and margin growth. Production from Assam added to revenues and bottomline. In an interview with CNBC-TV18, P Elango, MD of HOEC spoke about the results and his outlook for the company.
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.
HOEC MD P Elango says FY16 has been a good year for the company and its cash on books has increased to Rs 75 crore from Rs 28 crore.
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.
P ELANGO, MD, HOEC, discusses company's fourth quarter earnings and future outlook.
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.