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Videocon plans to invest $2.5 billion in Brazil

04 Jul 2015

Videocon Industries, an Indian maker of consumer electronics with ambitions to become a major energy producer, is planning to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years. The scope for oil from its blocks in the South American country is four times higher than the largest field in India.

Videocon is one of India's largest private sector enterprises having business interest in various sectors, including Oil & Gas Upstream. 

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