India's largest private sector company Reliance Industries Ltd (RIL) has announced yet another discovery in exploratory block KG-OSN-2003/1 (KG-V-D3) of Krishna Basin.

Bawana (New Delhi), Mar 24: Prime Minister Dr. Manmohan Singh will lay the foundation stone for 1500 MW gas-based power plant “Pragati Phase-III Power Project”, to come up at an estimated cost of Rs 4,500 crore in West Delhi, today.

Union Power Minister Sushil Kumar Shinde and Petroleum Minister Murli Deora will also be present on the occasion.

The proposed project (phase-III) has received clearance from Union Ministry of Environment and Forests.

California-based Signet Solar, manufacturer of solar modules for power generation, plans to invest up to Rs 8000 crore (US$2 billion) in India in the next 5-7 years.