Hindustan Oil has restarted the sale of high-grade B80 crude oil to external buyers, with discussions still ongoing regarding storage solutions at HPCL Mumbai. The company continues negotiations with HPCL for a potential resolution.
Hindustan Oil Exploration Company Limited
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Hindustan Oil has canceled a bill to HPCL and initiated the process of crude disposal, signaling a potential dispute between the two companies. Efforts are underway to resolve this issue through a conciliation process involving a former Chief Justice as a mediator.
The ongoing disagreement between HOEC and HPCL regarding B-80 crude oil supply has escalated, with both parties opting for arbitration. Meanwhile, HOEC initiates the process of selling the disputed oil.
Hindustan Oil Exploration Co. has been issued a caution by SEBI due to delays in adhering to certain listing guidelines. The firm assures there's no financial or operational disruption and is committed to promptly resolving the issue to prevent future occurrences.
Hindustan Oil Exploration is experiencing an unexpected surge in trading activity with no apparent cause. The company assures compliance and urges the stock exchange to acknowledge their explanation for this increase in volume.
Hindustan Oil announces the departure of its CFO, N Sivalai Senthilnathan, effective March 28, 2026, due to personal reasons. No further details about his future plans have been shared at this time.