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The US Senate action put India clo
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It has overwhelmingly endorsed a plan to allow US civilian nuclear fuel shipments to India, handing President George W Bush an important victory on one of his
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Senior lawmakers championed the proposal, which would reverse decades of US anti-proliferation policy.
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They said that it strengthens a strategic relationship with a friendly country that has long maintained what the United States considers a responsible nuclear program.
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Power generation
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Back home, analysts have welcomed the
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The Sena
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"This is a positive development for the nuclear p
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The governm
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According to estimates, India country would need additional 100,000 MW of power by 2012.
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"The government has announced its intention and put in more nuclear power. More reactors will be put in place going forward. The deal can give raw material for projects and o
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Of the total power generated, thermal power constitutes the maximum at 57 per cent followed by hydel power at 25 per cent. Nuclear energy constitutes a meager 3 per cent and this is likely to go up three fold by 2015.
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Ashu Kakkar, a technical analyst suggests that potential investors can look into buying L&T, HCC and Gammon India from a long-term perspective.
courtesy:- ndtv profit
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