Company Overview and News

Tata Group’s business restructuring plan hits a ‘hydrocarbon’ hurdle

7h livemint
Mumbai: Tata Petrodyne Ltd, which has put up its six oil and gas blocks for sale, is yet to find interest from buyers, two people aware of the matter said.
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Deadline for bidding oil and gas blocks extended to May 2

2018-03-22 thehindubusinessline
The government on Thursday pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2.
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Poddar Pigments sells 9.87 lakh shares of HOEC

2018-01-30 moneycontrol
On January 29, 2018 Poddar Pigments sold 9,87,000 shares of Hindustan Oil Exploration Company (HOEC) at Rs 137 on the NSE.
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Gruh Fin, Hindustan Oil results on Saturday

2018-01-19 thehindubusinessline
DCM Shriram, Godawari Power and Ispat, Gruh Finance, Hindustan Oil Exploration, JIK Industries, Lux Industries, Omax Autos and Pudumjee Pulp will announce their results on Saturday for the quarterly period ended December 2017. While Aro Granites will declare its Q3 results on Sunday, about two dozen firms such as Asian Paints, Axis Bank, JustDial, Dewan Housing, Havells, GNFC, Rallis India, Tinplate, Vagrangee and V-Guard will declare on Monday.
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Govt to auction 55 oil, gas exploration blocks on Thursday

2018-01-17 thehindubusinessline
New exploration policy allows companies to carve out blocks of their choice and bring 2.8 million sq. km. of unexplored area
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Tata group hires EY to explore sale of oil and gas business

2018-01-16 livemint
Mumbai: The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.
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HOEC expects production to go up to 25,000 barrels oil equivalent in 5 yrs

2018-01-16 business-standard
Hindustan Oil Exploration Company (HOEC) is expecting its production to go up from 500 barrels of oil equivalent during 2015 to around 8,000 barrels during the current fiscal year, backed by the growing production in its Assam facility. The company, which has been facing crisis after shutting down one of its facility in 2011, is expecting its three ongoing projects to take up the production to 25,000 barrels in three to five years, said P Elango, MD of the company.
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Eni's Former Indian Oil Explorer Targets 12-Fold Sales Jump - Bloomberg

2017-12-04 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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ONGC, Cairn bid for 41 oil and gas areas

New Delhi : State-owned ONGC and Vedanta Ltd on Wednesday emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India’s maiden auction under open acreage licensing regime.
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ONGC, Cairn bid for 41 oil and gas areas

2017-11-15 moneycontrol
State-owned ONGC and Vedanta Ltd today emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India's maiden auction under open acreage licensing regime.
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HOEC to produce oil from Mumbai field by 2021, invest $43 mn

2017-11-14 moneycontrol
Hindustan Oil Exploration Co Ltd (HOEC) has submitted a USD 43-million development plan to bring to production the Mumbai offshore oil field it had won in the first discovered field auction in March.
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Hindustan Oil Exploration Company#39;s Assam block to drive profits further

2017-11-10 moneycontrol
Hindustan Oil Exploration Company (HOEC) is in a sweet spot with projects being implemented on time and greater visibility on monetization of assets in the coming quarters. With the government announcing the second stage of auction of discovered small fields and putting forth a proposal to allow private firms to bid for a majority stake, HOEC stands well positioned to benefit from these measures.
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Rising crude price takes HOEC to year high

2017-11-08 thehindubusinessline
The share price of Hindustan Oil Exploration Company (HOEC) reached a year-high of ₹119.40 before closing at ₹111.15 on the BSE, thanks primarily to the rise in prices of Brent crude, which has raced past the $64-mark a barrel. HOEC’s rise is due to the sentiment attached to higher crude prices — the company does not produce oil but only natural gas whose prices are fixed.
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ONGC, CDSL, HOEL results on Saturday

2017-10-27 thehindubusinessline
Close to two dozen companies will announce their results for the July-September period on Saturday. Among these are Adani Transmission, Agri-Tech (India), Andhra Sugars, Aro Granite, CDSL, Bhageria Industries, Bharat Financial Inclusion, Hindustan Oil Exploration, Jubilant Life Sciences, Jayant Agro Organics, ONGC, Nath Bio-Genes, Seshasayee Paper, Shriram Pistons, Techindia Nirman and TRF. Shares of these companies will react based on their financial performance.
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Ramping up business will increase gross revenues to Rs 40 lakh/day, says HOEC

2017-09-14 moneycontrol
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.
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