The Karnataka government has decided to set up a 2000 MW thermal power plant in Chhattisgarh. The state chief minister B S Yeddyurappa said that it would be set up in Janjgir district. The state government will acquire 2000 acres of land for the proposed project at Goghna. Chhattisgarh’s Chief Minister Raman Singh has already given nod to power project.

The project site is well connected to rail and road link. The water is also available from Mahanadi River for power plant. Thus the site is technically fit for the set up of plant.

Vienna - The price for crude oil produced by the Organizati

Indiabulls Securities Ltd has maintained a ‘Hold’ rating on Suzlon Energy Limited stock with a long term target above Rs 275.

Suzlon Energy is now making cautious efforts to expand its market share, develop its business, regulates its asset quality and lay more pressure on customer service to perk up its profile and combat increasing competition.

According to Indiabulls, investors who have already purchased the stock can go long with the aim of making a big profit.

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by more than two dollars Thursday, data released by OPEC showed on Friday.

India’s State-run Gujarat State Petroleum Corporation (GSPC) has informed that it would invest US$ 1 billion in bringing to production its eastern offshore Krishna Godavari basin gas field by 2011

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped by nearly five dollars on Wednesday, according to a statement by OPEC on Thursday.