India's Hindustan Oil Exploration up on new Mumbai offshore drilling contract

About this update from Hindustan Oil Exploration Co., Ltd.

** Shares of India's Hindustan Oil Exploration Company NSE:HINDOILEXP rises 3% to 176 rupees** Co said it won contract to explore a new oil and gas block in the Mumbai offshore region but did not give any financial details** Besides co, Vedanta NSE:VEDL, other explorers such as ONGC NSE:ONGC and Oil India NSE:OIL also signed contracts ** VDAN down 0.4%, ONGC up 1.5% and OILI rise ~2% ** All firms in this lot in the red YTD, with OILI's 13% slide the steepest

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