You do realise the rain fall in India is expressed in cm not mm. Many places experience meters of rain a year. Think of heavy rain here and then multiply it by a factor of ten. I know of several gold mines in the Phillipines that simply stop operating for days at a time due to rain during the monsoon season. It makes it impossible to function normally and safely when 50cm of rain falls in only a matter of hours, when it really comes down everything floods, pumps can’t keep up and things get dangerous with visibility down to 10-20m like fog. In my book monsoon rain is a fair excuse for delays. Some years will be bad others may impact very little.
Having said all that it is a know factor in doing business and it sounds to me like they made the most of the given rain. Monsoon will impact on production every year and to what extent will obviously be rain dependant and how they can mitigate against it but there is sweet bugger all that can be done when centimetres of water pour out of the sky and flood the hell out of everything.
NSL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
