Hindustan Oil Exploration Company (HOEC) is currently trading at Rs. 78.15, up by 3.95 points or 5.32% from its previous closing of Rs. 74.20 on the BSE.
The scrip opened at Rs. 78.50 and has touched a high and low of Rs. 79.85 and Rs. 77.70 respectively. So far 57,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.30 on 13-Apr-2017 and a 52 week low of Rs. 48.30 on 29-Aug-2016.
Last one week high and low of the scrip stood at Rs. 79.85 and Rs. 73.60 respectively. The current market cap of the company is Rs. 1,025.68 crore.
The Institutions and Non-Institutions held 5.79% and 94.20% respectively in the company.
HOEC has been granted Petroleum Mining Lease to Dirok field on August 25, 2017 and the commencement of commercial production from the field forthwith. On successful testing and completion of the sixth well, all the six wells in the field are ready to hook up for production.
The company expects the initial production to be about 10 mmscfd, restricted by the capacity of pipeline and will be ramped up to full capacity over the next six months with the commissioning of Modular Gas Processing Plant (MGPP). Dirok Field, located in Tinsukia District of Assam has been developed in a record time of 27 months, by the JV consisting of Oil India, Indian Oil Corporation (IOC) and HOEC, with HOEC as the Operator.
Oil India will buy the gas at the price fixed by the Government based on a basket of international gas market prices, which will be revised once in six months. IOC will buy the condensate at a price equivalent to the price of a bench marked crude oil.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: