The state-owned Nuclear Power Corporation of India Limited is planning to sign a deal with French energy major Areva to set up two new nuclear power reactors in Maharashtra. The move would help to resolve ever increasing energy needs of the country.

It should be recalled that India had signed a deal with France to co-operate in civil nuclear program. NPCIL and Areva had already signed a deal to provide 300 tonnes of Uranium for fuel deficient Indian nuclear reactors.

Stock analysts have maintained ‘buy’ rating on ONGC stock with an intraday target of Rs 675.

According to them, interested traders can purchase the stock between Rs 658-662 with a strict stop loss of Rs 650. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 685.
 

Vienna - The price for oil produced by the Orga

Moscow - The Russian gas monopoly Gazprom began Tuesday to pump gas to Europe into a Ukrainian transit pipeline for the first time since a nearly two-week supply blockade began, the Russian Interfax news agency reported.

The supply resumed after both countries laid aside a bitter dispute over fees and the illegal siphoning of gas, which had cut European countries off from energy supplies in the middle of a harsh winter.

Sterlite Technologies Ltd, a part of Sterlite group, has declared the results for the three month period ended December 31, 2008.

The leading global provider of wire and cable solutions for the power and telecom industry has posted a growth of 19.13 per cent in net profit for the three month period, which stood at 314.50 million from Rs 264 million the previous year.

The company was greatly helped by cutting costs and excess inventory, sharp rise in order book plus new customers.