Hindustan Oil Exploration Company Ltd
NSE: HINDOILEXP BSE: 500186
₹130.88
(-0.58%)
Wed, 04 Mar 2026, 00:15 am
Market Cap17.3B
PE Ratio16.31
Dividend0
Energy Minerals
Integrated Oil
24.5KCompany History
1983
- The Company was incorporated on September 22
- The Company was promoted by Shri H.T. Parekh
- The Company did exploration related services for long digitisation job of oil wells in Southern North Sea project and Duliajan field
1988
- The Oil India Ltd. signed a Memorandum of Understanding for a joint exploration programme
1989
- Contract between OIL and Hindustan Oil Exploration Co. Ltd. for joint exploration programme was submitted
- The Company decided to participate with OIL in their new petroleum exploration licence area
- The Company applied to the Government of Gujarat for petroleum exploration licence in the Kutch Basin
- The Company signed a letter of intent with International Petroleum Corporation of Canada
1990
- The Company submitted feasibility studies to the Government of Gujarat and Government of India
1991
- A Memorandum of Understanding was signed with Petronas Carigali of Malaysia
- The Company decided to submit bids for five blocks
- An understanding was reached with Albion International Resources to bid as a consortium
- Hindage Oilfield Services Private Ltd. became a subsidiary of the Company
1992
- The Company submitted a bid for the offshore block in the Cauvery basin
- 150,00,750 rights equity shares were issued
1993
- The Company signed the first ever oil exploration contract for an on shore area with Mafatlal Industries Ltd.
- Albion (India) Inc. signed a production sharing contract with the Ministry of Petroleum and ONGC
1994
- PY-3 block was signed by the Company with Vaalco Energy as an operator
- Cauvery Offshore block-CY-OS-2 was awarded to the consortium
- PY-1 block was awarded to the consortium
- The Company entered into a joint venture agreement with Bardahl Manufacturing Corporation Inc. USA
1995
- The PSC for Asjol Onshore Oil field was signed
- The PSC for Cauvery offshore block was signed
- The Company submitted several bids for exploration of blocks
1996
- Six small sized fields in North Gujarat and Cambay basin were awarded to the consortium
- Tarapur and Palej blocks were awarded to the consortium
- The Company submitted a proposal for an exploration block in Sultanate of Oman
- The company signed PSC with Tata Petrodyne and Vaalco Energy Inc. for Gulf of Cambay offshore block
2003
- Appointed Mr Rakesh Jain as the Managing Director of the company
- Exercised preferential purchase right to acquire 53.85% participating interest
- Company's equity shares got listed and admitted to deal in National Stock Exchange of India
- Acquired partner Mosbacher India Ltd's equity holding in two oil blocks
2004
- Hindustan Oil Exploration signed Gas Sale Agreement with GSPC
- PY-1 Gas Sales & Transportation Agreement
2005
- Delisted equity shares from the Bangalore Stock Exchange Ltd
- Delisted equity shares from Madras Stock Exchange Ltd
- Delisted equity shares from The Calcutta Stock Exchange Association Ltd
2006
- Hindustan Oil Exploration Company Ltd entered into a Loan Agreement with a consortium of Banks for availing a US Dollar denominated Term Loan
2007
- The company issued rights in the ratio of 2:3 at a premium of Rs.107/- Per Share
- HOEC signed Natural Gas Sales & Purchase Agreement for Block PY-1
2009
- Hindustan Oil Exploration Company Ltd appointed Mr. Sergio Adriano Laura as Additional Director on the Board of the Company
2010
- Mr. Sanjay Tiwari appointed as Chief Legal Counsel and Company Secretary
- The Company commenced drilling of the appraisal well in Block AAP ON-94/1
2012
- Hindustan Oil commences drilling of Dirok-4
- Appointed Mr. V. Srinivasa Rangan as an Additional Director on the Board of the Company
2014
- Hindustan Oil Exploration Company Ltd appointed Mr. Dhruv S. Kaji as Additional Director (Independent Director)
2017
- HOEC starts commercial gas sale from Dirok field
2018
- HOEC signs contract with government for Assam oil block
2019
- Inauguration of Hollong Modular Gas Processing Plant, Dirok Field in Assam by the Hon'ble Prime Minister of India
- Intimation of conditional agreement to acquire the entire share capital of Hardy Exploration & Production (India) Inc.
2022
- Hindustan Oil Exploration commenced oil production and gas sales.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800