With a strong presence in the oil exploration business with oil blocks across various countries, the consumer electronics giant wants to focus more on oil and gas business India’s consumer electronics giant Videocon group will focus more on its oil and gas business following good feedback from its properties in Brazil and Mozambique, said a senior official.
“For the investments that we have made in Brazil and Mozambique, we are getting a very good feedback, making our investments more viable. Exploration at the Australian oil blocks is also going on, but there is not much indication as to what kind of reserves can be expected,” said SM Hegde, director, Videocon group. Mr Hegde also highlighted that in the coming years, the oil and gas segment would be one of the main focus areas for the group. “Power, telecom and oil and gas will be the main focus of the group now,” he said.
Full Story: After exploration, Videocon Group now plans oil extraction - Moneylife Personal Finance Magazine
“For the investments that we have made in Brazil and Mozambique, we are getting a very good feedback, making our investments more viable. Exploration at the Australian oil blocks is also going on, but there is not much indication as to what kind of reserves can be expected,” said SM Hegde, director, Videocon group. Mr Hegde also highlighted that in the coming years, the oil and gas segment would be one of the main focus areas for the group. “Power, telecom and oil and gas will be the main focus of the group now,” he said.
Full Story: After exploration, Videocon Group now plans oil extraction - Moneylife Personal Finance Magazine
