Public Relations

Videocon, BPC unit buys stake

Videocon Industries and Bharat PetroResources (BPRL), via their Indonesian subsidiaries— Videocon Indonesia Nunukan Inc and BPPL Ventures Indonesia B.V— have bought a 12.5 per cent stake each in Anadarko Indonesia Nunukan Company. - Oil firms may lose Rs 45,000 cr for selling fuels below cost - BCPL to tie up firms for Rs 5,460 cr Assam chemical plant - BPCL gains 2% on Rs 2,500cr likely relief - Videocon, GAIL, HPCL giving up on Oman block - Orissa asks oil companies to open more LPG outlets - Videocon ends flat The companies have made a capital outlay of $11.13 million each. Videocon, in a filing to the BSE, said the deal will help it strengthen its operation in oil and natural gas exploration and production in Indonesia.


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