Videocon, BPCL rally on Mozambique find

Last Updated: Mon, Jun 11, 2012 06:14 hrs

Shares in Videocon Industries and Bharat Petroleum Corp rise after Anadarko Petroleum Corp says it has found significant gas reserves off the coast of Mozambique.

BPCL and Videocon own 10 percent each in the Mozambique block.

The Anadarko find is the latest oil and gas find to be made by Western companies in East African waters.

Videocon rises 6 percent, while BPCL gains 2.9 percent.

More from Sify: