i kow everything in the quarterly is already out there but when you read the quarterly and the matter of fact way smr has gone about ticking boxes it is such a buy at these levels---just to add something about the ongoing coal market ""India’s northern and eastern regions, including the capital New Delhi, had a power failure for the second time in two days as a grid collapse affected a population about that of North America.
India’s northern region lost power at around 1:15 p.m. local time, said Gopal Saxena, CEO of BSES Rajdhani Power Ltd., a distributor for Delhi. NTPC Ltd. (NTPC) stopped generation at six power plants as a precaution, Chairman Arup Roy Choudhury said by telephone.
Electricity supply to the east Indian city of Kolkata was hit, CNN-IBN news channel reported.
Railways, public transport and traffic signals in north India failed yesterday after the northern electricity supply grid collapsed as some states in north India overdrew from the system, tripping the network. Yesterday’s failure, which left businesses and about 370 million peoples without power for at least 15 hours, was India’s biggest since 2001 when the same northern grid failed.
“It’s highly embarrassing that it again shows we can’t provide basic services to our citizens,” said Mohan Guruswamy, chairman of the Centre for Policy Alternatives in New Delhi and a former finance ministry adviser. “It tells you a lot about the quality of management and their focus on maintenance.”
The power failures expose the urgency behind Prime Minister Manmohan Singh’s bid to attract $400 billion in investment and ease an electricity deficit that is holding back economic growth. Blackouts are common across swathes of India as the country battles an average 9 percent shortfall in meeting peak power demand, which the government says shaves about 1.2 percentage points off annual economic growth.
All metro trains in New Delhi have stopped because of the power failure, Anuj Dayal, a spokesman for the Delhi Metro Rail Corp. said by telephone today. http://www.bloomberg.com/news/2012-07-31/india-power-grid-collapses-for-second-time-in-two-days.html
SMR Price at posting:
36.0¢ Sentiment: LT Buy Disclosure: Held
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