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.