India's Hindustan Oil Exploration up 4% as unit buys Geoenpro Petroleum

Hindustan Oil Exploration

12/07/2023 05:22

** Shares of Hindustan Oil Exploration Company Ltd  HOEX.NS 
rise as much as 4.2% to 220.85 rupees
    ** Co says its unit acquired balance 50% shares of Geoenpro
Petroleum, which operates Kharsang Oil Field in Arunachal
Pradesh
    ** Acquisition raises HOEX's participating interest in
Kharsang Oilfield to 35%
    ** If trends hold, stock on track for second consecutive
session of gains
    ** Stock has risen nearly 60% so far this year


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))