Shares of HOEC tanked in trade after encountering operational issues with its B-80 project.

The company has said the pre-commissioning and safety checks of the B-80 block are under process and are ready to receive first hydrocarbons. However they have encountered some operational issues and troubleshoot is currently going on.

B-80 and Dirok are the main producing assets for the company.

The stock was trading lower by about 10 percent around Rs 197.85 at 2:48 pm.

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