Hindustan Oil Exploration working on a turnaround plan3 min read . Updated: 27 Feb 2015, 09:10 AM IST
Promoter Eni looks to move to investor role from management, indicating impending change in ownership
Mumbai: Hindustan Oil Exploration Co. Ltd (HOEC), the first private sector company in India to venture into oil and gas exploration, is working on a turnaround plan as the company’s promoter, Italy-based Eni SpA, seeks to move out of a management role to that of an investor, indicating an impending change in ownership.
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