India's Hindustan Oil up as production to resume at key wells

Hindustan Oil Exploration

18/06/2024 05:37

** Shares of Hindustan Oil Exploration Co Ltd  HOEX.NS  rise
as much as 6.7% to 203.75 rupees
    ** In an exchange filing Monday, the oil explorer said
export flow line in block B-80 now clean; oil wells D1, D2 ready
for production 
    ** Co owns 60% stake in revenue-boosting B-80 oil field,
located off India's west coast, per latest annual report
    ** HOEX shares last up 4.7%
    ** Over 2.3 mln shares change hands, 1.8x the 30-day avg
volume
    ** Stock up 9.8% so far in 2024


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))