What is the Big Bang?
The European Organisation for Nuclear Research, known as CERN, will on Wednesday begin an experiment to recreate conditions just after the Big Bang, which scientists believe gave birth to the universe. ( Watch ) Its Large Hadron Collider (LHC) will seek to collide two beams of particles at close to the speed of light. Scientists plan to circulate a beam in one direction around the accelerator on Sept. 10, and later send beams both ways to cause collisions. Following are some facts about the Big Bang and CERN's particle-smashing experiment:
RECREATING THE BIG BANG: The final tests involved pumping a single bunch of energy particles from the project's accelerator into the 27-km (17-mile) beam pipe of the collider and steering them counter- clockwise around it for about 3 km (2 miles). The collider aims to simulate conditions milliseconds after the "Big Bang" which created the universe around 13.7 billion years ago. The collisions, in which both particle clusters will be travelling at the speed of light, will be monitored on computers at CERN and laboratories around the world by scientists looking for, among other things, a particle that made life possible. The elusive particle, which has been dubbed the "Higgs Boson" after Scottish physicist Peter Higgs who first postulated nearly 50 years ago that it must exist, is thought to be the mysterious factor that holds matter together.
WHAT IS THE BIG BANG? Recreating a "Big Bang," which most scientists believe is the only explanation of an expanding universe, ought to show how stars and planets came together out of the primeval chaos that followed, the CERN team believes. Its essential feature is the emergence of the universe from a tiny speck about the size of a coin but in a state of extremely high temperature and density. The name "Big Bang" was coined in 1949 by British scientist Fred Hoyle to disparage a then emerging theory about origins that countered his own "steady state" view: that the universe had always existed and was evolving but not expanding. According to the Big-Bang model, the universe expanded rapidly from a highly compressed primordial state, which resulted in a significant decrease in density and temperature. Soon afterward, the dominance of matter over antimatter (as observed today) may have been established by processes that also predict proton decay. During this stage many types of elementary particles may have been present. After a few seconds, the universe cooled enough to allow the formation of certain nuclei. The theory predicts that definite amounts of hydrogen, helium, and lithium were produced. Their abundances agree with what is observed today. About 1,000,000 years later the universe was sufficiently cool for atoms to form.
WHAT IS CERN: CERN, the European Organisation for Nuclear Research, is one of the world's largest and most respected centres for scientific research. Its business is fundamental physics, finding out what the Universe is made of and how it works. Founded in 1954, the CERN Laboratory sits astride the Franco-Swiss border near Geneva. It was one of Europe's first joint ventures and now has 20 Member States, plus 6 actively participant observers including the United States and Russia.
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To mimic the Big Bang one has to collide heavy elements like lead on lead or gold on gold, which will be done next year.
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Big Bang - Wikipedia, the free encyclopedia
Big Bang Theory
Big Bang Philosophy
Cern experiment: Machine switched on. No Big Bang. It works
Big Bang Boom
Celebrations Over £5bn Big Bang
Scientists launch "Big Bang" experiment
Trying To Make A Big Bang
Black holes provide a big bang of publicity for CERN
Successful test for Europe's Big Bang collider
Big Bang experiment begins, all well on Day 1
Scientists hope for surprises in Big Bang experiment U.S. Reuters
BBC NEWS Science/Nature 'Big Bang' experiment starts well
'Big Bang' experiment/ Big Bang experiment gets underway - Sify.com
India's role in 'Big Bang' experiment
WRS CERN fires up ‘Big Bang’ experiment
Big Bang experiment goes on, proves rumours wrong - Express India
Big Bang experiment starts and the world doesn't end...yet ...
Digg - Big Bang Experiment Starts
Inside the big-bang machine - Cosmic Log - msnbc.com
Success for Big Bang experiment
Kalam says'Big Bang 'experiment' spells no trouble. - Yahoo! India ...
YouTube - Big Bang experiment - Large Hadron Collider
Zee News - Big Bang Experiment, End of World, LHC Experiment
Big Bang experiment creates excitement, fear - NewsCloud.com
How important is the Big Bang experiment? - The Student Room
Q&A: The Big Bang Machine
Local Perspective on the Big Bang Theory Experiment
Local Scientist Talks about 'Big Bang Project'
Researchers Hope To Artificially Create Effects Of "Big Bang ...
Big Bang scientists rubbish doomsday reports - National News ...
Big Bang on earth but no Doomsday
Big-bang machine raises doomsday fears
Big Bang machine could destroy Earth
'Doomsday' rumour sets off panic -India-The Times of India
Source: All webs from the world.
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11 September 2008
10 September 2008
Sensex loses 238 pts on rupee jolt, Lehman loss
Sensex loses 238 pts on rupee jolt, Lehman loss
SENSEX 14662.61 -238.15
NIFTY 4400.25 -68.45
Indian equities continued their slide on Wednesday at a faster rate, as bad news poured in from world markets. European stocks weakened after the European Commission expressed doubts over the region’s economic growth and a possibility of further doom in the banking sector. Leading US investment bank Lehman Brothers Holdings reported a third quarter net loss of $3.9 billion — the biggest in its 158-year history.
It now plans to sell a majority stake in its asset-management unit, spin off commercial real-estate holdings and cut dividend in an effort to shore up capital. Back home, the rupee hit a 2-year low, breaching the psychological 45-mark to the dollar in the process, spelling further bad news for the economy as a whole. Metal and oil & gas stocks were the worst performers, as the 30-share Sensex fell 238.15 points on Wednesday to close at 14,662.61.
All the BSE sectoral indices ended in the negative with the metal index plunging over 5%. Analysts opine that the commodity cycle is in a downturn phase and consequently the companies are likely to face a pressure on earnings. The S&P CNX Nifty slipped 68.45 points to close at 4400.25. The BSE mid and small-cap lost over 60 points each to close at 5,708.93 and 6,903.42, respectively. The slide in the rupee, however, failed to energise IT shares, with the BSE IT index closing marginally below its previous close.
Dealers say worsening financial conditions in the US would impact the revenue of IT companies, hurting their growth. “The balance of payments dynamics and US dollar strength will cause the rupee to weaken. We expect the rupee to weaken against the dollar to 46-47 by December 2008, but it will likely pull back to 45 by March 2009,” said Macquarie Research in a note to its clients. “Be prepared for more aggressive intervention by RBI in the forex market. Also, the government is likely to ease restrictions on capital inflows in order to check the pace of the rupee’s depreciation,” the noted added. On the global front, OPEC in Vienna decided to reduce supplies by 500,000 barrels a day. Consequently, crude oil for October rose as much as $1.56 to $104.82 a barrel on the New York Mercantile Exchange (NYMEX). The last trading price at the exchange was $101.67 a barrel on Wednesday. “Domestic market has factored in the receding oil prices. If they fall below $90 a barrel, there could be a rally in the indices, but it won’t be a sustained one. In the near term, the range would continue to be between 4,400 and 4,700,” said India Infoline head-research Amar Ambani. Market breadth continued to be weak with retreating stocks outnumbering gainers nearly two for one. Total turnover in markets was close to Rs 70,000 crore, a rise of Rs 10,000 crore over the previous close. However, the improvement in volumes is of little cheer as foreign funds continue to dump stocks. As per provisional data, they net sold Rs 1,037 crore shares on Wednesday. Domestic institutions cushioned the sales to some extent, with net purchases of Rs 492 crore. Markets across the Asia-Pacific ended on a mixed note. China’s Shanghai Composite index advanced 0.2% and South Korea’s KOSPI Composite index gained 0.7%, while Japan’s Nikkei 225 index ended down 0.4% and Hong Kong’s Hang Seng index lost 2.4%.
Sensex loses nearly 225 pts; Nifty slips by 63 pts @ 14:22 hrs
Rupee breaches crucial 45-level
L&T gets $160 m order from Petrobras
Era Infra bags Rs 130 cr order from AAI
Usher Agro signs pact with Japanese company
OPEC resorts to output cut; Oil jumps $1
Core infrastructure sector growth slips to 3.7%
SEL Manufacturing to invest Rs 500 cr in textile park
Educomp buys 50% in EuroKids for Rs 39 cr
Vedanta in $9.8 b plan; trifurcates biz
Wary market weighed down by Lehman, inflation, IIP
Short build up in Nifty; call writing at 4400-4500
Tata Power to add 10,000 MW in next five years
L&T bags Rs 723-cr order from Petrobras
Omaxe launches Rs 800-cr township
Equities end lower ahead of inflation; IIP data
Source:Sift, ET
SENSEX 14662.61 -238.15
NIFTY 4400.25 -68.45
Indian equities continued their slide on Wednesday at a faster rate, as bad news poured in from world markets. European stocks weakened after the European Commission expressed doubts over the region’s economic growth and a possibility of further doom in the banking sector. Leading US investment bank Lehman Brothers Holdings reported a third quarter net loss of $3.9 billion — the biggest in its 158-year history.
It now plans to sell a majority stake in its asset-management unit, spin off commercial real-estate holdings and cut dividend in an effort to shore up capital. Back home, the rupee hit a 2-year low, breaching the psychological 45-mark to the dollar in the process, spelling further bad news for the economy as a whole. Metal and oil & gas stocks were the worst performers, as the 30-share Sensex fell 238.15 points on Wednesday to close at 14,662.61.
All the BSE sectoral indices ended in the negative with the metal index plunging over 5%. Analysts opine that the commodity cycle is in a downturn phase and consequently the companies are likely to face a pressure on earnings. The S&P CNX Nifty slipped 68.45 points to close at 4400.25. The BSE mid and small-cap lost over 60 points each to close at 5,708.93 and 6,903.42, respectively. The slide in the rupee, however, failed to energise IT shares, with the BSE IT index closing marginally below its previous close.
Dealers say worsening financial conditions in the US would impact the revenue of IT companies, hurting their growth. “The balance of payments dynamics and US dollar strength will cause the rupee to weaken. We expect the rupee to weaken against the dollar to 46-47 by December 2008, but it will likely pull back to 45 by March 2009,” said Macquarie Research in a note to its clients. “Be prepared for more aggressive intervention by RBI in the forex market. Also, the government is likely to ease restrictions on capital inflows in order to check the pace of the rupee’s depreciation,” the noted added. On the global front, OPEC in Vienna decided to reduce supplies by 500,000 barrels a day. Consequently, crude oil for October rose as much as $1.56 to $104.82 a barrel on the New York Mercantile Exchange (NYMEX). The last trading price at the exchange was $101.67 a barrel on Wednesday. “Domestic market has factored in the receding oil prices. If they fall below $90 a barrel, there could be a rally in the indices, but it won’t be a sustained one. In the near term, the range would continue to be between 4,400 and 4,700,” said India Infoline head-research Amar Ambani. Market breadth continued to be weak with retreating stocks outnumbering gainers nearly two for one. Total turnover in markets was close to Rs 70,000 crore, a rise of Rs 10,000 crore over the previous close. However, the improvement in volumes is of little cheer as foreign funds continue to dump stocks. As per provisional data, they net sold Rs 1,037 crore shares on Wednesday. Domestic institutions cushioned the sales to some extent, with net purchases of Rs 492 crore. Markets across the Asia-Pacific ended on a mixed note. China’s Shanghai Composite index advanced 0.2% and South Korea’s KOSPI Composite index gained 0.7%, while Japan’s Nikkei 225 index ended down 0.4% and Hong Kong’s Hang Seng index lost 2.4%.
Sensex loses nearly 225 pts; Nifty slips by 63 pts @ 14:22 hrs
Rupee breaches crucial 45-level
L&T gets $160 m order from Petrobras
Era Infra bags Rs 130 cr order from AAI
Usher Agro signs pact with Japanese company
OPEC resorts to output cut; Oil jumps $1
Core infrastructure sector growth slips to 3.7%
SEL Manufacturing to invest Rs 500 cr in textile park
Educomp buys 50% in EuroKids for Rs 39 cr
Vedanta in $9.8 b plan; trifurcates biz
Wary market weighed down by Lehman, inflation, IIP
Short build up in Nifty; call writing at 4400-4500
Tata Power to add 10,000 MW in next five years
L&T bags Rs 723-cr order from Petrobras
Omaxe launches Rs 800-cr township
Equities end lower ahead of inflation; IIP data
Source:Sift, ET
Dow Jones falls 280 pts on Lehman, Energy stks
US STOCKS-Wall Street skids on Lehman worries, energy
Index Value: 11,230.73
Trade Time:4:06PM ET
Change: -280.01 (-2.43%)
Prev Close: 11,510.74
Open: 11,514.73
Day's Range: 11230.73 - 11577.50
NEW YORK, Sept 9 (Reuters) - U.S. stocks finished sharply lower on Tuesday, with the benchmark S&P 500 suffering its worst percentage decline since late February 2007, as financial shares sold off on worries about Lehman Brothers' (LEH.N: Quote, Profile, Research, Stock Buzz) ability to raise much-needed cash.
A tumble in crude oil prices hit shares of energy companies, including Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) , compounding the market's losses as the euphoria tied to the bailout of Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FNM.N: Quote, Profile, Research, Stock Buzz) evaporated.
Based on the latest available data, the Dow Jones industrial average .DJI fell 280.01 points, or 2.43 percent, to close unofficially at 11,230.73.
The Standard & Poor's 500 Index .SPX dropped 43.28 points, or 3.41 percent, to end unofficially at 1,224.51. The Nasdaq Composite Index .IXIC slid 59.95 points, or 2.64 percent, to end unofficially at 2,209.81. (Reporting by Ellis Mnyandu; Editing by Leslie Adler) .
----------------------------------------------
Top Stories
http://finance.yahoo.com/
Stocks Thrashed as Lehman Shares Plunge 45 Percent- AP
Wall Street ends the day with a deep loss on fresh concerns about the stability of Lehman Brothers, with the Dow losing nearly 300 points.
Lehman Sinks Over 40 Percent on Capital Concerns- Reuters
Oil Down as Ike Shifts Course, OPEC Mulls Output- AP
July Pending Home Sales Fall More Than Expected- AP
Budget Deficit Nears Record Under Latest Estimates- AP
AIG Falls on Fresh Mortgage Market Concerns- Reuters
Dollar Slides as Lehman Worries Stir Up Markets- AP
Billions to be Shared by Enron Shareholders- AP
Apple's Jobs Shows New iPods, Jokes About Death- Reuters
Washington Wants Oil Down, Stocks Up Before Election, Harrison Says
Oil below $100 as OPEC signals steady prod
Brent's sharp decline came after OPEC's chief signaled the cartel would keep its production ceiling unchanged, despite sinking prices.
OPEC to keep oil flowing as prices fall
Source:ET,Reuters, Yahoo Finance etc
Index Value: 11,230.73
Trade Time:4:06PM ET
Change: -280.01 (-2.43%)
Prev Close: 11,510.74
Open: 11,514.73
Day's Range: 11230.73 - 11577.50
NEW YORK, Sept 9 (Reuters) - U.S. stocks finished sharply lower on Tuesday, with the benchmark S&P 500 suffering its worst percentage decline since late February 2007, as financial shares sold off on worries about Lehman Brothers' (LEH.N: Quote, Profile, Research, Stock Buzz) ability to raise much-needed cash.
A tumble in crude oil prices hit shares of energy companies, including Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) , compounding the market's losses as the euphoria tied to the bailout of Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FNM.N: Quote, Profile, Research, Stock Buzz) evaporated.
Based on the latest available data, the Dow Jones industrial average .DJI fell 280.01 points, or 2.43 percent, to close unofficially at 11,230.73.
The Standard & Poor's 500 Index .SPX dropped 43.28 points, or 3.41 percent, to end unofficially at 1,224.51. The Nasdaq Composite Index .IXIC slid 59.95 points, or 2.64 percent, to end unofficially at 2,209.81. (Reporting by Ellis Mnyandu; Editing by Leslie Adler) .
----------------------------------------------
Top Stories
http://finance.yahoo.com/
Stocks Thrashed as Lehman Shares Plunge 45 Percent- AP
Wall Street ends the day with a deep loss on fresh concerns about the stability of Lehman Brothers, with the Dow losing nearly 300 points.
Lehman Sinks Over 40 Percent on Capital Concerns- Reuters
Oil Down as Ike Shifts Course, OPEC Mulls Output- AP
July Pending Home Sales Fall More Than Expected- AP
Budget Deficit Nears Record Under Latest Estimates- AP
AIG Falls on Fresh Mortgage Market Concerns- Reuters
Dollar Slides as Lehman Worries Stir Up Markets- AP
Billions to be Shared by Enron Shareholders- AP
Apple's Jobs Shows New iPods, Jokes About Death- Reuters
Washington Wants Oil Down, Stocks Up Before Election, Harrison Says
Oil below $100 as OPEC signals steady prod
Brent's sharp decline came after OPEC's chief signaled the cartel would keep its production ceiling unchanged, despite sinking prices.
OPEC to keep oil flowing as prices fall
Source:ET,Reuters, Yahoo Finance etc
09 September 2008
Corporate News
SENSEX 14900.76 -44.21
NIFTY 4468.70 -13.60
Sensex ends 44 points down
Stocks fall on global jitters but oil slide saves day
Stocks end lower amid lacklustre trade
Rupee drops to near 2-yr lows, RBI seen
KEC sees revenue doubling on likely nuclear sector orders
Tech Mahindra bags contract from U.S. telecom major
Vodafone-Essar dispute worsens
BHEL gets $490 m power plant order
Punj Lloyd gets $37 m Singapore order
Oil at five-month low, falls below $104 a barrel
Nuclear deal: Hard work lies ahead
India's nuke energy trade to touch Rs 4 lakh cr in 10 years: US
Fed budget deficit nearing $407 bn
We backed India on N-deal: China
Capt Nair in world's top 50 senior business chief list
Rel to tap global mkts for petroleum products
Punj Lloyd gets $37 mn Singapore order
Steel ministry suggests iron ore export tax hike
Next: Getting India in NSG
Prospects good for India nuclear pact: US
N-powered market puts Sensex back in bull orbit
Madras Aluminium shares up 20 pc on investment plans
N-deal was a bad idea from the start: NYT
New RBI chief on inflation and India's growth story
Bhel wins turnkey contract for 726 Mw power plant
Oil firms to boost naphtha export after KG gas flows
Stk/Mkt Reports/analysis:
Value Stocks /Media Sector
Logistic Sector Update
Post Session Commentary - Sep 9 2008
Marginally down
Sensex ends a tad above 14,900; Sterlite Industries tanks
Bharat Forge
Reliance Infrastructure
Mahindra and Mahindra /Sintex Industries
Mahindra Lifespace Developers, Capital Goods, Power
NTPC - Annual Report - 2007-2008
Source:ET, BS, BL, Sify, Deadpresident blog etc.
NIFTY 4468.70 -13.60
Sensex ends 44 points down
Stocks fall on global jitters but oil slide saves day
Stocks end lower amid lacklustre trade
Rupee drops to near 2-yr lows, RBI seen
KEC sees revenue doubling on likely nuclear sector orders
Tech Mahindra bags contract from U.S. telecom major
Vodafone-Essar dispute worsens
BHEL gets $490 m power plant order
Punj Lloyd gets $37 m Singapore order
Oil at five-month low, falls below $104 a barrel
Nuclear deal: Hard work lies ahead
India's nuke energy trade to touch Rs 4 lakh cr in 10 years: US
Fed budget deficit nearing $407 bn
We backed India on N-deal: China
Capt Nair in world's top 50 senior business chief list
Rel to tap global mkts for petroleum products
Punj Lloyd gets $37 mn Singapore order
Steel ministry suggests iron ore export tax hike
Next: Getting India in NSG
Prospects good for India nuclear pact: US
N-powered market puts Sensex back in bull orbit
Madras Aluminium shares up 20 pc on investment plans
N-deal was a bad idea from the start: NYT
New RBI chief on inflation and India's growth story
Bhel wins turnkey contract for 726 Mw power plant
Oil firms to boost naphtha export after KG gas flows
Stk/Mkt Reports/analysis:
Value Stocks /Media Sector
Logistic Sector Update
Post Session Commentary - Sep 9 2008
Marginally down
Sensex ends a tad above 14,900; Sterlite Industries tanks
Bharat Forge
Reliance Infrastructure
Mahindra and Mahindra /Sintex Industries
Mahindra Lifespace Developers, Capital Goods, Power
NTPC - Annual Report - 2007-2008
Source:ET, BS, BL, Sify, Deadpresident blog etc.
Vedanta Group announces restructuring plan, Interview with Anil Agarwal
Vedanta Group announces restructuring plan
Aiming to increase its efficiency, NRI Anil Agarwal-led Vedanta Resources on Tuesday announced a plan for re-aligning its corporate structure into three commodity focussed verticals.
The group structure would be simplified into three verticals -- copper and zinc-lead, aluminium and energy, and iron ore, Sterlite Industries informed the Bombay Stock Exchange.
Under the restructuring scheme, Sterlite would demerge its aluminium and energy businesses to Madras Aluminium Company Ltd (MALCO) with effect from April 1, 2009.
Pursuant to the scheme, for every four share held in Sterlite, the shareholders would get seven equity shares in Malco, Sterlite Industries (SIIL).
Further, for the demerger of Malco's investment into Sterlite, SIIL would issue one share for every 51 equity shares held in Malco.
Besides, the other aluminium business undertakings of the Vedanta Group would also be demerged into Malco, which include the aluminium foils plant at Sanaswadi, 51 per cent stake in Balco and 29.5 per cent stake in Vedanta Aluminium.
Meanwhile, a 100 per cent stake in Sterlite Energy Ltd (SEL) would also be demerged into Malco, the filing added. After the demerger, Malco would be renamed as Sterlite Aluminium Ltd. Under the scheme, Vedanta would transfer 79.4 per cent equity interest in Konkola Copper Mines Plc (KCM) to Sterlite.
Other related articles:
Sterlite to demerge aluminium, energy operations
Vedanta Resources restructures into 3 units
Vedanta to up iron ore capacity, eyes mining buys
Sesa Goa to up iron ore capacity, eyes mining buys
Vedanta restructures group into 3 commodity focused verticals
Madras Aluminium may be merged with Sterlite
Market weak; Sterlite falls on restructuring plans
Sterlite down 5% on swap ratio, sluggish zinc demand
Vedanta to boost Sesa Goa iron ore capacity, restructure group
Vedanta restructures holding companies
Sensex ends down 44pts; Sterlite drops 8%
Vedanta rolls out restructuring plans
Vedanta to up iron ore capacity, eyes mining buys
Vedanta Resources to restructure, to invest in aluminum
Sterlite: Dull metal
Vedanta to up iron ore capacity, eyes mining buys - Sify.com
Sterlite revamp: 7 Malco shares for 4 shares - Sify.com
---------------------------------------------------
Interview with Anil Agarwal, Tarun Jain, Vedanta
Vedanta to demerge Sterlite's alumina, energy biz
Vedanta Resources will create three commodity focus groups. The company will demerge alumina, energy business of Sterlite Industries. The company has announced USD 9.8 billion aluminium capex programme and aims to raise aluminium smelting capacity by 2.6 million tonnes per annum by 2012.
Vedanta will also transfer 79.4% stake in Konkola Copper Mines to Sterlite, he added. Sterlite shareholders will get seven shares of Malco for four shares held in Sterlite. On the other hand, Malco shareholders will get one Sterlite share for every 51 held. The scheme will be effective from April 1 2009, he said.
Anil Agarwal, Chairman said that Asarco buy will be closed by year-end. He said, "We are looking to invest Rs 115,000 crore for which we have already invested Rs 40,000 crore. We have Rs 30,000 crore in cash and we are going to invest Rs 75,000 crore further in three years’ time. We will have 1 million tonne of copper, 1 million tonne of zinc and 26 lakh tonne of aluminium. We have also kept a provision to acquire Asarco for USD 2.6 billion.”
Tarun Jain, CFO, Vedanta Resources has said that some part of Bharat Aluminium Company Limited (BALCO) option has been considered by valuers and there are no plans for raising equity in Sterlite Aluminium
More @http://www.moneycontrol.com/india/news/business/restructuring-to-unlock-value-for-all-shareholders-vedanta/22/50/355431
Source:ET, BS, BL, Sify, MC and etc
Aiming to increase its efficiency, NRI Anil Agarwal-led Vedanta Resources on Tuesday announced a plan for re-aligning its corporate structure into three commodity focussed verticals.
The group structure would be simplified into three verticals -- copper and zinc-lead, aluminium and energy, and iron ore, Sterlite Industries informed the Bombay Stock Exchange.
Under the restructuring scheme, Sterlite would demerge its aluminium and energy businesses to Madras Aluminium Company Ltd (MALCO) with effect from April 1, 2009.
Pursuant to the scheme, for every four share held in Sterlite, the shareholders would get seven equity shares in Malco, Sterlite Industries (SIIL).
Further, for the demerger of Malco's investment into Sterlite, SIIL would issue one share for every 51 equity shares held in Malco.
Besides, the other aluminium business undertakings of the Vedanta Group would also be demerged into Malco, which include the aluminium foils plant at Sanaswadi, 51 per cent stake in Balco and 29.5 per cent stake in Vedanta Aluminium.
Meanwhile, a 100 per cent stake in Sterlite Energy Ltd (SEL) would also be demerged into Malco, the filing added. After the demerger, Malco would be renamed as Sterlite Aluminium Ltd. Under the scheme, Vedanta would transfer 79.4 per cent equity interest in Konkola Copper Mines Plc (KCM) to Sterlite.
Other related articles:
Sterlite to demerge aluminium, energy operations
Vedanta Resources restructures into 3 units
Vedanta to up iron ore capacity, eyes mining buys
Sesa Goa to up iron ore capacity, eyes mining buys
Vedanta restructures group into 3 commodity focused verticals
Madras Aluminium may be merged with Sterlite
Market weak; Sterlite falls on restructuring plans
Sterlite down 5% on swap ratio, sluggish zinc demand
Vedanta to boost Sesa Goa iron ore capacity, restructure group
Vedanta restructures holding companies
Sensex ends down 44pts; Sterlite drops 8%
Vedanta rolls out restructuring plans
Vedanta to up iron ore capacity, eyes mining buys
Vedanta Resources to restructure, to invest in aluminum
Sterlite: Dull metal
Vedanta to up iron ore capacity, eyes mining buys - Sify.com
Sterlite revamp: 7 Malco shares for 4 shares - Sify.com
---------------------------------------------------
Interview with Anil Agarwal, Tarun Jain, Vedanta
Vedanta to demerge Sterlite's alumina, energy biz
Vedanta Resources will create three commodity focus groups. The company will demerge alumina, energy business of Sterlite Industries. The company has announced USD 9.8 billion aluminium capex programme and aims to raise aluminium smelting capacity by 2.6 million tonnes per annum by 2012.
Vedanta will also transfer 79.4% stake in Konkola Copper Mines to Sterlite, he added. Sterlite shareholders will get seven shares of Malco for four shares held in Sterlite. On the other hand, Malco shareholders will get one Sterlite share for every 51 held. The scheme will be effective from April 1 2009, he said.
Anil Agarwal, Chairman said that Asarco buy will be closed by year-end. He said, "We are looking to invest Rs 115,000 crore for which we have already invested Rs 40,000 crore. We have Rs 30,000 crore in cash and we are going to invest Rs 75,000 crore further in three years’ time. We will have 1 million tonne of copper, 1 million tonne of zinc and 26 lakh tonne of aluminium. We have also kept a provision to acquire Asarco for USD 2.6 billion.”
Tarun Jain, CFO, Vedanta Resources has said that some part of Bharat Aluminium Company Limited (BALCO) option has been considered by valuers and there are no plans for raising equity in Sterlite Aluminium
More @http://www.moneycontrol.com/india/news/business/restructuring-to-unlock-value-for-all-shareholders-vedanta/22/50/355431
Source:ET, BS, BL, Sify, MC and etc
08 September 2008
Nuclear family to take India on high-tech trip and other Corporate Stories
Nuclear family to take India on high-tech trip
http://economictimes.indiatimes.com/articleshow/3456483.cms
The Nuclear Suppliers’ Group (NSG) has lifted obstacles to India buying products and technologies associated with civilian uses of nuclear technology from (and selling these to) most significant nuclear powers save the US. To enable civil nuclear commerce with the US, that country’s legislature must ratify the 123 Agreement finalised between the Bush administration and New Delhi. The implications are not just for nuclear energy, significant as these are — our existing reactors running short of fuel would be able to run at full capacity and we would be able to set up new nuclear plants. While National Security Advisor MK Narayanan announced on TV that a grateful India would let the US have a large share of India's domestic market for nuclear energy, right now, the competitive advantage in terms of standardised reactor design, scale and, therefore, costs, is with France and Russia. There is also the perception in some circles that the US conditions on supply of nuclear materials might turn out to be unacceptably stringent and intrusive, going by the State department's answers to the House Foreign Relations Committee.
Vital sectors of the economy stand to benefit from access to a range of high-technology products and technologies that had, till now, been outside India’s reach because of its status as a nuclear outsider. Many advances in materials, communications, computing, signalling, chemical processing and avionics are deemed sensitive technologies not accessible to nuclear have-nots. Access to these technologies opens up now. This will improve efficiencies across the board in India, from weather forecasting to oil refining. But the biggest gain is strategic. Non-proliferation activists objected to what they called India's sweetheart deal on the ground that it gives India an exceptional status: It is the only country that possesses nuclear bombs but is not part of the Nuclear Non-Proliferation Treaty to be accepted into the community of nations allowed to legitimately engage in nuclear commerce. The major powers of the world have recognised India’s status as a growing power whose potential to contribute to a stable global order is huge. It is that recognition that persuaded them to work out the current exception to nuclear convention in the form of the waiver from NSG. As India strengthens its strategic capabilities with the help of technologies made accessible as a result of the deal, it would put an end to the current situation of an ever-widening strategic gap between China and the rest of Asia. As India steps into its now acknowledged role as a balancer of power, it will benefit India and the world. Prime Minister Manmohan Singh and the ruling UPA will gain credit for having made this global breakthrough, against much opposition and at the risk of losing power.
-----------------------------------------------
Tatas shocked by Singur deal; say project unviable
Tata Motors declines to give any reaction
Industries see Rs 1.2 trillion investment in nuclear power
Videocon, Jindal, 38 others in race to set up N-power plants
KEC International bags two orders worth Rs 217 crore
Nuclear deal to power India Incbs growth engine
OPEC considers cutting oil production
Industry sees Rs 120k-cr business opportunity
Source:ET
http://economictimes.indiatimes.com/articleshow/3456483.cms
The Nuclear Suppliers’ Group (NSG) has lifted obstacles to India buying products and technologies associated with civilian uses of nuclear technology from (and selling these to) most significant nuclear powers save the US. To enable civil nuclear commerce with the US, that country’s legislature must ratify the 123 Agreement finalised between the Bush administration and New Delhi. The implications are not just for nuclear energy, significant as these are — our existing reactors running short of fuel would be able to run at full capacity and we would be able to set up new nuclear plants. While National Security Advisor MK Narayanan announced on TV that a grateful India would let the US have a large share of India's domestic market for nuclear energy, right now, the competitive advantage in terms of standardised reactor design, scale and, therefore, costs, is with France and Russia. There is also the perception in some circles that the US conditions on supply of nuclear materials might turn out to be unacceptably stringent and intrusive, going by the State department's answers to the House Foreign Relations Committee.
Vital sectors of the economy stand to benefit from access to a range of high-technology products and technologies that had, till now, been outside India’s reach because of its status as a nuclear outsider. Many advances in materials, communications, computing, signalling, chemical processing and avionics are deemed sensitive technologies not accessible to nuclear have-nots. Access to these technologies opens up now. This will improve efficiencies across the board in India, from weather forecasting to oil refining. But the biggest gain is strategic. Non-proliferation activists objected to what they called India's sweetheart deal on the ground that it gives India an exceptional status: It is the only country that possesses nuclear bombs but is not part of the Nuclear Non-Proliferation Treaty to be accepted into the community of nations allowed to legitimately engage in nuclear commerce. The major powers of the world have recognised India’s status as a growing power whose potential to contribute to a stable global order is huge. It is that recognition that persuaded them to work out the current exception to nuclear convention in the form of the waiver from NSG. As India strengthens its strategic capabilities with the help of technologies made accessible as a result of the deal, it would put an end to the current situation of an ever-widening strategic gap between China and the rest of Asia. As India steps into its now acknowledged role as a balancer of power, it will benefit India and the world. Prime Minister Manmohan Singh and the ruling UPA will gain credit for having made this global breakthrough, against much opposition and at the risk of losing power.
-----------------------------------------------
Tatas shocked by Singur deal; say project unviable
Tata Motors declines to give any reaction
Industries see Rs 1.2 trillion investment in nuclear power
Videocon, Jindal, 38 others in race to set up N-power plants
KEC International bags two orders worth Rs 217 crore
Nuclear deal to power India Incbs growth engine
OPEC considers cutting oil production
Industry sees Rs 120k-cr business opportunity
Source:ET
Power, bank stocks flare up; Sensex up 461 pts
Equities rise on nuke deal, Freddie, Fannie bailout
Indian shares on Monday got a boost from the NSG waiver to India-US nuclear deal and rally in Asian and European markets on take over of US mortgage giants Fannie May and Freddie Mac by US government. Market opened with a gap-up mirroring a strong rally in Asian peers. Investors covered shorts and took fresh positions in capital goods, power and banking stocks. But the indices lost momentum towards end of trade as profit booking set in.
Bombay Stock Exchange’s Sensex closed at 14,944.97, up 461.14 points or 3.18 per cent. The index touched a high of 15,107.01 and low of 14,917.06 intraday. National Stock Exchange’s Nifty ended at 4,482.30, up 130 points or 2.99 per cent from Friday. The broader index touched a high of 4,558 and low of 4,358.30 during the day.
BSE Midcap Index closed 1.15 per cent higher at 5819.89 and BSE Smallcap Index advanced 1.12 per cent to 6,982.77. Sterlite Industries (5.88%), ICICI Bank (4.89%), State Bank of India (4.81%), Larsen & Toubro (4.63%) and NTPC (4.58%) were the biggest Sensex gainers. There were no losers in the 30-share index. Analysts don’t expect the market rally to sustain as there are no visible positive triggers to drive the market.
“What happened today was on expected lines. Two events--NSG waiver and bailout of American banks--changed market sentiments. But market will be range-bound from here on and may face pressure 300-400 points on the upside,” said Subramanyam Pisupathi, head of research, Ventura Securities. Subramanyam is of the view that rate sensitive banking sector may move higher from current levels as factors like inflation and interest rates are close to peaking. The BSE Bankex closed 4.06 per cent higher at 7,464.24.
“Banking sector looks promising at these levels as inflation looks peaked out and interest rates may be one step from peaking out. Yield on government paper has come down from 9.15 per cent or thereabouts to 8.5 per cent and that is a good sign. We expect less provisioning in second quarter and may see investments even at these levels,” he added. According to him, euphoria in power stocks is over-stretched and investors may book profits now as fundamentals of these companies won’t be changing so soon.
BSE Capital Goods Index and BSE Power Index, which led the gains in morning, ended 3.70 per cent and 3.36 per cent higher but off highs. In stock specific action, KEC International ended up 4.11 per cent at Rs 424.10 after bagging two orders worth Rs 120 crore from NTPC Electric Supply Company and Rs 97 crore from Power Grid Corporation of India. Shares of Tata Communications ended up 5.37 per cent at Rs 447.40 after the company and BitGravity, a next-generation content delivery network for interactive broadcasting, reported the worldwide launch of Tata Communications’ CDN service..
Dolphin Offshore shares were locked at 20 per cent upper circuit at Rs 281.15 after it won two contracts worth Rs 304 crore from ONGC. Shares of Suzlon Energy gained 4.59 per cent to Rs 235.80 after the company completed 51 MW wind power project for ONGC. Bilpower ended up 3.14 per cent at Rs 170.75 after it signed $30 million contract with the Ghana government for EPC contract for rural electrification. On the BSE, advances numbered 1,665 and declines 1,034. European markets were higher but FTSE 100 had given away some intra-day gains at the time Indian market closed. It was up 1.46 per cent, CAC 40 was up 4.94 per cent and DAX moved 3.57 per cent higher.
-------------------------------------------------
Market rally continues; ICICI Bank, Reliance Infra lead
12 new firms set to enter mutual fund space
Infosys to rethink expansion plan in West Bengal
JSW Steel August crude steel output up 7%
Lakshmi Mittal wins Forbes Lifetime Achievement Award
Source:ET
Labels:
bank stocks flare up; Sensex up,
power
Investors Guide from ET, Stock Recomm from BS
Investor's Guide from ET
Economic slowdown is no longer academic prophecy
Time for the Tsunami / Currency futures: Best of both worlds
Mkt in an intermediate uptrend I 20 Microns: Mining for more
-------------------------------------
Market in an intermediate uptrend8 Sep, 2008, 0412 hrs IST, Deepak Mohoni
The main indices crossed their intermediate uptrend trigger levels last Monday. The CNX Midcap index was already in an uptrend.
Time for the Tsunami 8 Sep, 2008, 0404 hrs IST, Shakti Shankar Patra
For the theory that this article has been propounding for the past few weeks - the Nifty not budging anywhere until the Dow Jones Industrial Average breaks out above 11,750 or below 11,000.
Cement sector feels the pinch of slowdown 8 Sep, 2008, 0359 hrs IST, Shikha Sharma
The cement sector is feeling the pinch of a slowdown in sales growth as well as shrinking profits.While small and medium companies have reported higher topline growth than large firms, they have fared poorly in terms of net profit
Austral Coke for long-term investors 8 Sep, 2008, 0355 hrs IST, Santanu Mishra
Austral Coke’s expansion plans look ambitious, but they come with their own execution risks. Only long-term investors should buy this scrip.
Increasing consumption of high-grade stainless steel 8 Sep, 2008, 0350 hrs IST, Santanu Mishra
A prosperous middle class and rising industry growth will ensure an increase in the consumption of high-grade stainless steel in the country.
Best of both worlds 8 Sep, 2008, 0350 hrs IST, Devangi Joshi
With a modest margin requirement, investors can easily use currency futures to hedge their positions in the commodity market and vice versa.
High & dry 8 Sep, 2008, 0348 hrs IST, Ramkrishna Kashelkar
A long-lead project, risky nature of business and steep pricing make Chemcel Biotech’s IPO unattractive.
Mining for more 8 Sep, 2008, 0346 hrs IST, Ramkrishna Kashelkar
Given 20 Microns’ expansion plans and likely boost in profitability, investors can subscribe to the IPO with a long-term outlook.
Strained economy appears to be sapping capital goods industry 8 Sep, 2008, 0343 hrs IST, Ashish Agrawal
But with no let-up in the sector’s order bookings & backlog and core operations strongly contributing to profits, things can look up for the sector in future.
Bull's eye 8 Sep, 2008, 0342 hrs IST
Merrill Lynch has maintained its ‘underperform’ rating on Raymond as the near-term earnings will remain subdued with denim continuing to be a huge drag on overall performance.
-------------------------------------------------
Week Ahead: Large gains seem unlikely - BS
The market swung sharply up in one session and plunged through the rest of the week. The Nifty closed at 4,352.3 points for a nominal week-on-week loss of 0.2 per cent. The Sensex lost 0.5 per cent to close at 14,564 points. The rupee lost ground steadily and the Defty lost over 2 per cent as a result. The FIIs were heavy net sellers and the local institutions were net buyers.
Breadth signals turned sharply negative on Friday. Volumes improved slightly from the past week. The Bank Nifty and the CNXIT both registered gains but almost every other sector lost a little ground. The Junior was down 0.5 per cent while the BSE 500 was down 0.3 per cent.
Outlook: The short-term trend is clearly negative. The intermediate trend may be changing for the worse. Next week could see either range-trading (with small gains) or it could see significant losses. Big gains seem unlikely. Most likely the market will stay inside 4,200-4,500.
Rationale: The intermediate uptrend is 8 weeks old - enough time to reverse though it could run up for another month. It has seen lower tops last week of 4,522 (September 2) versus 4,649 (August 12). But there is excellent support below current levels, at 4,300 and a secondary support between 4,150-4,200. On the upside, there's resistance building above 4,500 and probably at 4,450 as well.
The last three weeks have been characterised by very low volumes. Any improvement in volumes could result in a breakout in either direction. A close below 4,150 would confirm an intermediate trend reversal. A close above 4,650 would set up a target of 4,750-4,800.
Bulls & bears: There were astonishing volumes generated by two new listings, Resurgere and Austral. Apart from that, banking saw a sell off on Friday after a strong week. The CNXIT held its ground though individual counters like Wipro and Educomp were weak.
A drop in global crude prices translated into buying sentiment for BPCL, HPCL and IOC while a cut in Indian ATF prices meant a boost for Jet Airways and Deccan. Apart from these, there were isolated winners such as Aban, Biocon, and Ranbaxy saw price collapse after the open offer closed.
MICRO TECHNICALS
Aban Current price : Rs 2,294.7Target price: Rs 2,500
The stock is coming off a low at Rs 2,000 with very strong volumes. A V-shaped recovery till the Rs 2,500 level could occur. Keep a stop at Rs 2,200 and go long. Be prepared for daily moves of up to 10 per cent. If the stock closes above Rs 2,500, it could run till Rs 2,650.
Cipla
Current price: Rs 233.45 Target price: Rs 220
The stock has been sold down quite heavily from the Rs 240-plus level. It has a potential support at Rs 225 and this is the minimum downside target. It is more likely to fall till the Rs 220 level however, where a secondary support will hold
Jet Airways Current price: Rs 540.90Target price: Rs 570
The stock has jumped from 450 in just five sessions on decent volumes. At Rs 520, it completed a bullish breakout with a potential target of Rs 570. However there is powerful resistance between the current price and Rs 575. This could mean big intra-day moves and not much in the way of net gains. Keep a stop at Rs 530 and go long. Book profits over Rs 565.
RCom Current price: Rs 394.5 Target price: Rs 420
The stock appears to have found reliable support between Rs 380-400 and this looks like a stable bottom formation. It has the potential to jump to Rs 420 on the slightest volume expansion. The signal would be a close above Rs 400. Keep a stop at Rs 385 and go long with a 10-session perspective.
Source:ET, BS.
Economic slowdown is no longer academic prophecy
Time for the Tsunami / Currency futures: Best of both worlds
Mkt in an intermediate uptrend I 20 Microns: Mining for more
-------------------------------------
Market in an intermediate uptrend8 Sep, 2008, 0412 hrs IST, Deepak Mohoni
The main indices crossed their intermediate uptrend trigger levels last Monday. The CNX Midcap index was already in an uptrend.
Time for the Tsunami 8 Sep, 2008, 0404 hrs IST, Shakti Shankar Patra
For the theory that this article has been propounding for the past few weeks - the Nifty not budging anywhere until the Dow Jones Industrial Average breaks out above 11,750 or below 11,000.
Cement sector feels the pinch of slowdown 8 Sep, 2008, 0359 hrs IST, Shikha Sharma
The cement sector is feeling the pinch of a slowdown in sales growth as well as shrinking profits.While small and medium companies have reported higher topline growth than large firms, they have fared poorly in terms of net profit
Austral Coke for long-term investors 8 Sep, 2008, 0355 hrs IST, Santanu Mishra
Austral Coke’s expansion plans look ambitious, but they come with their own execution risks. Only long-term investors should buy this scrip.
Increasing consumption of high-grade stainless steel 8 Sep, 2008, 0350 hrs IST, Santanu Mishra
A prosperous middle class and rising industry growth will ensure an increase in the consumption of high-grade stainless steel in the country.
Best of both worlds 8 Sep, 2008, 0350 hrs IST, Devangi Joshi
With a modest margin requirement, investors can easily use currency futures to hedge their positions in the commodity market and vice versa.
High & dry 8 Sep, 2008, 0348 hrs IST, Ramkrishna Kashelkar
A long-lead project, risky nature of business and steep pricing make Chemcel Biotech’s IPO unattractive.
Mining for more 8 Sep, 2008, 0346 hrs IST, Ramkrishna Kashelkar
Given 20 Microns’ expansion plans and likely boost in profitability, investors can subscribe to the IPO with a long-term outlook.
Strained economy appears to be sapping capital goods industry 8 Sep, 2008, 0343 hrs IST, Ashish Agrawal
But with no let-up in the sector’s order bookings & backlog and core operations strongly contributing to profits, things can look up for the sector in future.
Bull's eye 8 Sep, 2008, 0342 hrs IST
Merrill Lynch has maintained its ‘underperform’ rating on Raymond as the near-term earnings will remain subdued with denim continuing to be a huge drag on overall performance.
-------------------------------------------------
Week Ahead: Large gains seem unlikely - BS
The market swung sharply up in one session and plunged through the rest of the week. The Nifty closed at 4,352.3 points for a nominal week-on-week loss of 0.2 per cent. The Sensex lost 0.5 per cent to close at 14,564 points. The rupee lost ground steadily and the Defty lost over 2 per cent as a result. The FIIs were heavy net sellers and the local institutions were net buyers.
Breadth signals turned sharply negative on Friday. Volumes improved slightly from the past week. The Bank Nifty and the CNXIT both registered gains but almost every other sector lost a little ground. The Junior was down 0.5 per cent while the BSE 500 was down 0.3 per cent.
Outlook: The short-term trend is clearly negative. The intermediate trend may be changing for the worse. Next week could see either range-trading (with small gains) or it could see significant losses. Big gains seem unlikely. Most likely the market will stay inside 4,200-4,500.
Rationale: The intermediate uptrend is 8 weeks old - enough time to reverse though it could run up for another month. It has seen lower tops last week of 4,522 (September 2) versus 4,649 (August 12). But there is excellent support below current levels, at 4,300 and a secondary support between 4,150-4,200. On the upside, there's resistance building above 4,500 and probably at 4,450 as well.
The last three weeks have been characterised by very low volumes. Any improvement in volumes could result in a breakout in either direction. A close below 4,150 would confirm an intermediate trend reversal. A close above 4,650 would set up a target of 4,750-4,800.
Bulls & bears: There were astonishing volumes generated by two new listings, Resurgere and Austral. Apart from that, banking saw a sell off on Friday after a strong week. The CNXIT held its ground though individual counters like Wipro and Educomp were weak.
A drop in global crude prices translated into buying sentiment for BPCL, HPCL and IOC while a cut in Indian ATF prices meant a boost for Jet Airways and Deccan. Apart from these, there were isolated winners such as Aban, Biocon, and Ranbaxy saw price collapse after the open offer closed.
MICRO TECHNICALS
Aban Current price : Rs 2,294.7Target price: Rs 2,500
The stock is coming off a low at Rs 2,000 with very strong volumes. A V-shaped recovery till the Rs 2,500 level could occur. Keep a stop at Rs 2,200 and go long. Be prepared for daily moves of up to 10 per cent. If the stock closes above Rs 2,500, it could run till Rs 2,650.
Cipla
Current price: Rs 233.45 Target price: Rs 220
The stock has been sold down quite heavily from the Rs 240-plus level. It has a potential support at Rs 225 and this is the minimum downside target. It is more likely to fall till the Rs 220 level however, where a secondary support will hold
Jet Airways Current price: Rs 540.90Target price: Rs 570
The stock has jumped from 450 in just five sessions on decent volumes. At Rs 520, it completed a bullish breakout with a potential target of Rs 570. However there is powerful resistance between the current price and Rs 575. This could mean big intra-day moves and not much in the way of net gains. Keep a stop at Rs 530 and go long. Book profits over Rs 565.
RCom Current price: Rs 394.5 Target price: Rs 420
The stock appears to have found reliable support between Rs 380-400 and this looks like a stable bottom formation. It has the potential to jump to Rs 420 on the slightest volume expansion. The signal would be a close above Rs 400. Keep a stop at Rs 385 and go long with a 10-session perspective.
Source:ET, BS.
India US Nuclear Deal Beneficiaries
India US Nuclear Deal Beneficiaries
Larsen & Toubro
Bharat Heavy Electricals
National Thermal Power Corporation
Areva T&D India
Alstom Projects India
Rolta India
Gammon India
Hindustan Construction Company
ABB
Crompton Greaves
Walchandnagar Industries
Reliance Energy
Tata Power Company
Larsen & Toubro has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
------------------------------------------------
Other Articles/analysis from same blog:
Oil Remaining in the World
Most Popular Pages - Sep 7 2008
Ultratech Cement - Annual Report - 2007-2008
EKC
PSL
SAIL
DLF - Annual Director's Report - 2007-2008
NTPC / Weekly Watch - Sep 7 2008
Top Picks - Sep 7 2008
Historic day for India - PM
BREAKING - Deal Done - NSG Waiver for India
BREAKING - India gets NSG Waiver
Ranbaxy, TCI / ONGC / Asia's Youngest Billionaires
HCL Infosystems / Suzlon Energy Ltd
GAIL /Sadbhav Engineering
Sun TV, Axis Bank / GSPL
Source: www.Deadpresident.blogspot.com
Larsen & Toubro
Bharat Heavy Electricals
National Thermal Power Corporation
Areva T&D India
Alstom Projects India
Rolta India
Gammon India
Hindustan Construction Company
ABB
Crompton Greaves
Walchandnagar Industries
Reliance Energy
Tata Power Company
Larsen & Toubro has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
------------------------------------------------
Other Articles/analysis from same blog:
Oil Remaining in the World
Most Popular Pages - Sep 7 2008
Ultratech Cement - Annual Report - 2007-2008
EKC
PSL
SAIL
DLF - Annual Director's Report - 2007-2008
NTPC / Weekly Watch - Sep 7 2008
Top Picks - Sep 7 2008
Historic day for India - PM
BREAKING - Deal Done - NSG Waiver for India
BREAKING - India gets NSG Waiver
Ranbaxy, TCI / ONGC / Asia's Youngest Billionaires
HCL Infosystems / Suzlon Energy Ltd
GAIL /Sadbhav Engineering
Sun TV, Axis Bank / GSPL
Source: www.Deadpresident.blogspot.com
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