IBEF Research: Videocon Industries Limited

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IBEF Research: Videocon Industries Limited

Videocon Industries was incorporated in 1986. The company has two core activities, which include the manufacturing, assembly, marketing and distribution of consumer electronics and home appliances, and exploration and production of oil and gas.

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Company Background:

Videocon Industries was incorporated in 1986. The company has two core activities, which include the manufacturing, assembly, marketing and distribution of consumer electronics and home appliances, and exploration and production of oil and gas. The company presently has seven operating business divisions, in which major divisions are consumer electronics, home appliances, components, etc.

In India, Videocon has eleven manufacturing facilities. The manufacturing facilities produce a complete range of consumer electronics, home appliances and critical components such as compressors, etc. It is the only manufacturer of glass panels in India. The facility at Bharuch is largest in the world at a single location and the third largest overall. Videocon is one of the major CRT manufacturers globally, with plants in Poland, China and Mexico. The Poland plant also produces glass shells. It assembles air conditioners in Oman and CTV's in Italy.

The company has emerged as one of the largest colour picture tube (CPT) manufacturer in the world after the acquisition of Thomson's CPT business, and expects this to grow its international sales to EUR 782.36 million within three years.

Videocon started its oil and gas division a few years ago, and presently holds a 25 per cent stake in the Ravva oil field, located on the Krishna-Godavari basin.The operating cost of the Ravva oil field is supposed to be the lowest in the world, at less than EUR 0.78 per barrel of oil. Internationally, it has interests in oil blocks, one in Oman, two in Australia and one in Timor Sea near Indonesia.

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