HOEC wins Mumbai Offshore contract area under DSF Round IV

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HINDOILEXP · price

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Price reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹161.51

prior close

₹166.73

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+5.0% vs market

Oil Exploration & Production peers, median of 5sector+1.3%+2.7% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 2.7 pts more than its Oil Exploration & Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.8

10m

+1.9

15m

+3.3

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0-1.0+5.0+1.3+2.7

Next day

+3.3-1.5+4.8+3.1+0.2

+13.3-0.9+14.2+2.6+10.7

+14.5-0.3+14.8+6.1+8.4

+16.5+0.1+16.4+19.1-2.6

+19.5+0.7+18.8+14.7+4.8

+16.1+0.3+15.8+13.1+2.9

15d

+8.6+1.0+7.6+3.4+5.2

+4.3-2.4+6.7+2.5+1.8

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UpDownMarket · Nifty Microcap 250Sector · Oil Exploration & Production peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Government of India has awarded Contract Area MB/OSDSF/MUMBAI OFFSHORE/2025 to HOEC under Discovered Small Field Bid Round-IV. The award, communicated by DGH on 31 August 2026, covers multiple discovered fields in the Mumbai Offshore basin including C-23-9, C-39-14, BH-68, WO-5-11 and B-174-1. Award is subject to signing of the Revenue Sharing Contract. Strengthens HOEC's Western Offshore portfolio alongside existing B80 field and upcoming B15 development.

Likely market impact

Positive for growth pipeline; adds new discovered fields to portfolio, pending Revenue Sharing Contract execution.