Videocon Industries inks MoU with GAIL

Mumbai, June 23 (UNI) Videocon Industries Ltd has entered into a Memorandum of Understanding (MoU) with GAIL India for co-operation and working together to bid for and secure petroleum exploration within and outside the country.

Informing the BSE, the company said that the terms of the MoU also include the possibility of setting up jointly an operating company that can be considered for operatorship of the production blocks that the combine may secure domestically or internationally in future.

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