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videocon industries ltd (VIDEOIND) Details

Videocon Industries Limited, together with its subsidiaries, manufactures, assembles, and distributes a range of consumer electronics and home appliances in India and internationally. The company operates through Consumer Electronics and Home Appliances, Crude Oil and Natural Gas, Telecommunications, and Power segments. It offers televisions, refrigerators, washing machines, air conditioners, microwave ovens, mobile phones, glass shell panels and funnels, compressors, and motors. The company is also involved in the exploration and production of crude oil and natural gas primarily in India, Brazil, Mozambique, East Timor, Indonesia, and Australia. In addition, it offers telecommunication services, such as GSM mobile services under the Videocon Telecom brand name; DTH services under the Videocon d2h brand name; and non-life insurance services. Further, the company develops 2 coal-fired thermal electricity power projects with a capacity of 1,200 megawatts in the states of Gujarat and Chhattisgarh; and operates solar photovoltaic power projects, as well as develops residential and commercial properties. Additionally, it offers smart phones, small home appliances, LED televisions, and tablets online in the United Arab Emirates. Videocon Industries Limited was incorporated in 1986 and is based in Mumbai, India.

Founded in 1986

videocon industries ltd (VIDEOIND) Top Compensated Officers

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videocon industries ltd (VIDEOIND) Key Developments

Videocon Shelves Plan To Sell Next Retail

Next Retail India Limited a subsidiary of Videocon Industries Ltd. (BSE:511389) has shelved the plan to offload a 40% stake. “Next is no longer up for sale. At this stage, it does not seem any foreign player would be keen to enter India and we would rather consolidate our operations than selling a stake,” said Sanjay Karwa, Director, Next Retail. Earlier, Videocon Industries had said it would sell a 40% stake in Next Retail to a foreign player in 2013.

Videocon Industries Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Videocon Industries Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported net sales/income from operations of INR 30,734.7 million against INR 30,025.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,594.8 million against INR 2,469.8 million a year ago. Loss from ordinary activities before tax was INR 807.8 million against INR 2,539.6 million a year ago. Net loss for the period was INR 649.4 million or INR 2.04 per basic and diluted share before and after extraordinary items against INR 1,989.6 million or INR 6.24 per basic and diluted share before and after extraordinary items a year ago. For the nine months, the company reported net sales/income from operations of INR 94,570.7 million against INR 90,775.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 12,036.1 million against INR 10,501.1 million a year ago. Loss from ordinary activities before tax was INR 327.4 million against INR 2,321.9 million a year ago. Net loss for the period was INR 271.3 million or INR 0.85 per basic and diluted share before and after extraordinary items against INR 1,826.9 million or INR 5.73 per basic and diluted share before and after extraordinary items a year ago.

Videocon Industries Ltd., Board Meeting, May 15, 2014

Videocon Industries Ltd., Board Meeting, May 15, 2014. Agenda: To take on record the memorandum put forward by its Mauritius based subsidiary Videocon Mauritius Energy Limited.

 

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