India's Hindustan Oil Exploration up on new Mumbai offshore drilling contract

Hindustan Oil Exploration

16/04/2025 07:50

** Shares of India's Hindustan Oil Exploration Company HOEX.NS rises 3% to 176 rupees

** Co said it won contract to explore a new oil and gas block in the Mumbai offshore region but did not give any financial details

** Besides co, Vedanta VDAN.NS, other explorers such as ONGC ONGC.NS and Oil India OILI.NS also signed contracts

** VDAN down 0.4%, ONGC up 1.5% and OILI rise ~2%

** All firms in this lot in the red YTD, with OILI's 13% slide the steepest

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))