The company plans to ship the fuel in its liquid form (LNG) to a proposed LNG terminal at Mangalore.
ONGC Videsh Ltd, the overseas arm of the state explorer, and Oil India Ltd (OIL) are together negotiating for the stake for which Videocon is reportedly seeking at least $3 billion, sources privy to the development said.
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In the intraday deal, the stock opened at Rs 196.10 and made a high of Rs 226.95. Around 5,00,000 shares were traded in BSE & NSE.
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