Summary
of Contents
SHAREKHAN SPECIAL
India-USA nuclear
deal
Key
points
-
On
November 17, 2006 the US Senate passed the bill to implement
civilian nuclear energy cooperation with India. During July
2005, India and the USA had reached an agreement on the
separation of civil and military nuclear plants and
technology transfer for civil nuclear plants.
-
The
Indo-US nuke deal brings a reliable source of nuclear
technology that can be exploited to set up nuclear power
plants in India. This in turn could possibly go a long way
in quenching India's current and projected thirst for power.
Needless to say that the companies like BHEL, Larsen &
Toubro, KSB Pumps and Honeywell Automation that provide
products and services for nuclear power plants would be the
primary beneficiaries in this scenario.
-
India's
power generation today is approximately 15% below the actual
consumption. As per the energy and resources institute
(TERI) the projected economic growth of 7-8% over the next
20 years will quadruple India's energy needs.
-
Coal,
the main source of India's energy needs today, is peaking
its exploitation and the gas supply from Iran via a pipeline
is unlikely to materialise due to the US
opposition.
-
Hence if
India's power generation has to keep pace with the
burgeoning economy, nuclear power has to provide a
significant component of it, as opposed to its current
contribution of 3%. A very plausible scenario to look at is
the building of nuclear power plants with the help of the
USA.
SHAREKHAN SECTOR SPECIAL
Real
estate
Realty
rules In
this report, we have also ranked some of the listed companies
with reasonably large land banks based on quantitative as well
as qualitative parameters. In terms of the overall ranking (on
a scale of 1 to 10), Unitech (9) leads the pack followed by
Ansal Properties & Infrastructure (8.3) and Anant Raj
Industries (8). On the other hand, Prajay Engineers (4.5) and
Arihant Foundation (5.5) trail at the lower end of the overall
ranking. | |