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An update from Hindustan Oil Exploration Co., Ltd. ( (IN:HINDOILEXP) ) is now available.
Hindustan Oil Exploration Company Limited has clarified a recent issue regarding a crude oil sales agreement with Hindustan Petroleum Corporation Limited (HPCL). The agreement, completed in September 2025, involved the transfer of 54.6 TMT of crude oil. HPCL reported high chloride content in the crude oil sample, which the company is currently examining. Hindustan Oil Exploration Company asserts that no loss or damage is attributable to them under the agreement and plans to engage in discussions with HPCL to resolve the issue. Previously, the company has supplied crude oil from Block B-80 without quality issues, indicating this may be an isolated incident.
More about Hindustan Oil Exploration Co., Ltd.
Hindustan Oil Exploration Company Limited operates in the oil and gas industry, focusing on the exploration and production of crude oil and natural gas. The company is involved in the extraction and sale of these resources, contributing to the energy sector in India.
Average Trading Volume: 25,179
Technical Sentiment Signal: Sell
Current Market Cap: 21.56B INR
For detailed information about HINDOILEXP stock, go to TipRanks’ Stock Analysis page.