In 2005, Videocon tookover 3 plants of Electrolux India and acquired

Thomson CPT for 240 million

Ravva oil and gas field is located in the shallow offshore area of the
Krishna-Godavari basin on the eastern coast of India. It lies in Block
PKGM-1. The field is operated by Cairn India which holds a 22.5%
stake in it. Its partners in the field include ONGC (40%), Videocon
Petroleum (25%) and Ravva Oil (12.5%).

One of the lowest operating costs in the world producing 50,0000
barrels of oil per day

The Ravva field was initially estimated to produce 100 million barrels
of crude oil. It has, however, produced more than 225 million barrels
till 2011.

The output from the field accounts for 8% of total domestic oil
production in India.