BPCL pays for defaulting Videocon in Brazil oil block
NEW DELHI :State-owned Bharat Petroleum Corp Ltd (BPCL) has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to acquire stake in five oil blocks in Brazil, sources said. In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire […]