Hindustan Petroleum Corp. Ltd. let a contract to Bharat Heavy Electricals Ltd. to set up a gas turbine-based captive power plant to be added as part of HPCL’s previously announced program to expand and modernize its 8.3 million-tonne/year Vishakhapatnam (Visakh) refinery in Andhra Pradesh on India’s southeastern coast.
Энергомашспецсталь, входящая в Росатом, завершила отгрузку оборудования в адрес компании Bharat Heavy Electrical Limited. Всего по условиям контракта, для индийского предприятия было изготовлено три ротора турбины низкого давления. Об этом сообщает пресс-служба предприятия. Первый ротор был отправлен заказчику в декабре 2017 г. Отгрузка последних двух роторов в город Харидвар (Индия)...
Энергомашспецсталь подписала контракт на изготовление и поставку оборудования для индийской компании Bharat Heavy Electrical Limited. По условиям договора, ПАО «ЭМСС» изготовит для BHEL три ротора турбины низкого давления. Общий вес заказа – 197,70 т. Отгрузка готовых изделий в город Харидвар (Индия) запланирована на 4 квартал 2017 года, строго по графику,...
Крупнейший суверенный инвестфонд в мире - Норвежский государственный пенсионный фонд (НГПФ) - отказался от принадлежащей ему доли в индийской компании Bharat Heavy Electricals Ltd. ("Бхарат хеви електрикалс"). Как говорится в распространенном сегодня сообщении центробанка Норвегии, решение было принято на основе рекомендаций этического совета...
Sami Moubayed Security, Middle East President Vladimir Putin may be hammering out an endgame in Damascus, but Russia has no money to rebuild once the shooting stops, but Beijing does. All signals from the Trump White House indicate that the new US President is seemingly ready and willing to outsource the entire Syrian conflict to his Russian counterpart Vladimir Putin, who will be given a free hand to hammer out an endgame to his liking so long as he eradicates Islamic State (ISIS), empowers Syrian Kurds, and expels Iran and Hizbullah from the Syrian battlefield. But even if he does, Putin faces one major problem: raising money for the reconstruction of Syria once the guns go silent? The country is in shambles and needs an estimated US$1 trillion to recover and reconstruct – money that he clearly doesn’t have, especially not after his Syrian escapade has cost the Russian Treasury no less than US$3 million daily since 2015. Oil-rich Gulf countries will not pay for the reconstruction if Bashar al-Assad stays in power, and neither will Iran, which is already struggling economically and warding off a potential standoff with Donald Trump. China, however, is seemingly both willing and able to pay the lion’s share of reconstruction – if given the proper economic incentives, along with other countries in the BRICS framework, an association of five emerging and powerful economies (Brazil, India, South Africa, and of course, Russia and China). All are Group of 20 members distinguished by fast-growing industrial economies, representing more than 3.6 billion people – half the world’s population – with a combined gross domestic product (GDP) of US$16.6 trillion, equivalent to around 22% of the world’s GDP. Putin sees them as a gold mine, and hopes to tap into their money during the rebuilding process in Syria, a reward for standing by his side and refusing to part ways with Damascus since the outbreak of the current conflict in 2011. Some have already started talking business with the Syrians, taking their cue from the Russian President. Last summer, for example India decided to jumpstart a US$320 million power plant project, overseen by Bharat Heavy Electricals Ltd (BHEL) and completion of a steel plant in the ancient city of Hama on the Orontes River. For its part, China remains firmly committed to a peaceful solution to the Syrian conflict, insisting nevertheless that toppling regimes through foreign intervention is a thing of the past, echoing a position it took back in 1999 during the Nato bombings in Kosovo and the 2011 Nato war in Libya. Read full article
ПАО "Энергомашспецсталь" (ЭМСС, Краматорск Донецкой обл.), владельцем которого является российский "Атомэнергомаш", выиграла тендер на производство ротора турбины низкого давления массой 88,7 тонн для индийской корпорации BHEL.
В четверг, 8 сентября, фондовый рынок Индии завершил торговую сессию умеренным ростом основных индексов. Преобладанию покупательных настроений на индийских биржевых площадках сегодня поспособствовала опубликованная в Китае макроэкономическая статистика. Импорт Поднебесной в долларовом выражении увеличился на 1,5% по сравнению с годом ранее после 12,5%-ного падения в июле, а экспорт замедлил темпы снижения с июльских 4,4% до 2,8%.
ПАО "Энергомашспецсталь" (ЭМСС, входит в машиностроительный дивизион Росатома - Атомэнергомаш) заключило сделку на производство двух гидровалов для индийской корпорации Bharat Heavy Electricals (BHEL). На ЭМСС заготовки пройдут полный цикл производства и будут отправлены в город Бхопал (Индия). На сегодняшний день в производственных цехах ЭМСС уже ведутся подготовительные работы к выполнению...
At the beginning of each earnings season, the StarMine team at Thomson Reuters quantitatively analyzes the earnings estimates accuracy of sell-side analysts, using proprietary “SmartEstimates®” and the related “Predicted Surprise”
Nagercoil, Tamil Nadu, INDIA -- Commercial operations for a multibillion-dollar, Russian-built nuclear reactor starting up nearby in December would ordinarily have been a cause for celebration in a town riven by blackouts every summer. It was more than a $1 billion over its budget and six years late. But its full operation in Kudankulam, a remote fishing village in the southern tip of India about 1,700 miles from the capital, was portrayed by operators and builders from the two countries as the latest symbol of their national friendship and technical prowess, as well as a showcase step in India’s ambitious plan to bring 57 reactors on line to power the subcontinent’s economic surge. But S.P. Udayakumar, a bespectacled 56-year-old schoolteacher and protest leader in the region, isn’t rejoicing. From his bungalow in Nagercoil, a town 30 miles west of the plant whose wealth rests on making coconut fiber and the spice trade, Udayakumar has organized a long-running protest movement that has drawn in hundreds of thousands of residents. It’s motivated, he says, by research that sympathetic lawyers and nuclear experts have conducted into the reactor’s problematic construction, as well as the checkered safety records of the giant Indian and Russian consortiums that erected it. Although the reactor is currently shuttered again for maintenance -- due to problems with parts supplied by a Russian company that Moscow authorities have accused of wrongdoing -- a second reactor at this vast nuclear park, India’s largest, should be completed soon, after 14 years of construction and testing. It's supposed to be followed by two more reactors next year. Udayakumar worries that the massive new Russian pressurized-water reactors, of a size and type never before seen on the subcontinent, have been constructed of shoddy material; that their design and location leave them vulnerable to a flooding disaster like the one experienced by Japan’s Daichi reactor at Fukushima; and that India’s nuclear regulators are either asleep at the switch or under the thumb of pro-nuclear officials he believes cannot be trusted. In October 2011, the then-prime minister attempted at a direct meeting to persuade Udayakumar these concerns were unwarranted, but without luck. These complaints -- many of which are backed up by documents the Center for Public Integrity obtained from the country’s nuclear regulator, retired government officials, government auditors and industry analysts -- were echoed in an unprecedented letter that 60 of the country’s most prominent scientists, most of them pro-nuclear and working for elite state-run institutions, sent to India's prime minister in May 2013. Their letter called for a moratorium in Kudankulam, while new inquiries were made into allegations of widespread corruption and a fraud associated with the fabrication of the reactor’s components in Russia. The outcome of this bitter debate has implications far outside India's borders. By mid-century, experts say, the country's coal-burning plants may make it the world's largest emitter of gasses that cause global warming unless it shifts rapidly to other sources of electrical power. According to a government plan announced in October, nuclear reactors are prized alternatives. But India's citizens -- and particularly activists like Udayakumar -- seem unprepared to agree to such a shift, unless the country's reactors are made more safe and operated more carefully than they have been. In the vicinity of the Kudankulam reactor, the wives of some fishermen -- all political novices -- started a rolling hunger strike on Oct. 18, 2011, that has continued for more than four years. Farmers, herders and shipwrights have several times laid siege to the 2,500-acre park since the reactor plans were announced in 1987. By 2012, the protests had grown so large and spawned so many others in nearby villages that men bused in from all over India helped reinforce police lines. Some of the police fired into crowds with live rounds on Sept. 9 of that year, killing one person. A second victim, 6 years old, died in the stampede that followed. The central and state governments have responded brutally. They cut electricity to the most restless districts around the plant in 2011 and 2012, and police officers smashed up homes in the village of Idinthakarai while residents were out at sea. The Catholic Bishops’ Conference of India complained that police officers demolished and urinated on two statues of the Virgin Mary at the village’s church of Our Lady of Lourdes. A school for underprivileged children run by Meera Udayakumar, the activist’s wife, was vandalized and the families who attended it scared away, he worries, in an operation masterminded by local agents for the Intelligence Bureau. The police seized his passport, and last September he was blocked from attending a conference in Nepal organized by the United Nation’s special rapporteur on human rights defenders. The police also engaged in a campaign of mass arrests, having issued 227,000 charges against protestors, including those of sedition and assault. While India’s Supreme Court in May 2013 called for these charges to be set aside, the state government has only partially complied, leaving thousands still facing court appearances for allegedly laying siege to the power station, ringing it with their boats, and of assaulting police officers. Like Udayakumar, who faces more than 380 charges, many have had their passports confiscated, which has blocked some of them from reaching jobs they held outside the country. Internal government documents and interviews conducted by the Center make clear, however, that Delhi’s brook-no-dissent insistence of nuclear expansion in a region framed by palms and crisscrossed by red earth tracks not only has made the local citizenry angrier, but hindered resolution of technical problems that critics depict as a series of calamities-in-waiting. The dangerous signposts so far include a false government claim that no tsunami could endanger the coastal Kudankulam reactors; a leaked revelation that one of the containment domes for the new reactor was finished without critical cabling; and allegations arising in an official Russian corruption probe that an unknown number of substandard parts were installed in critical areas of the nuclear facility. In their 2013 letter, the scientists called for “a fresh independent and thorough quality inspection of the components used in the two reactors.” “The ramifications of such corruption need to be taken very seriously as they have implications for the long term-safety of the nuclear plant,” they warned. No public inquiry was launched. Instead, the state hit back in August 2014, leaking a report by the government’s Intelligence Bureau into the activities of 65 nongovernmental organizations, including some that supported the Kudankulam protests. The report, stamped “secret” and titled “NGO Activism against development projects in India,” warned that these groups’ activities were “stalling development projects” and were “tools for the strategic foreign policy interests of Western Governments.” An addendum to the report, seen by the Center, warned that Udayakumar not only was American-educated but an “anti-national, American-backed stooge,” and “a threat to the economic security of India.” The main report that also cited Udayakumar described him as having a “deep and growing connection with … U.S. and German entities” that were anti-Indian. The addendum identified “key conspirators,” singling out one as a man with the last name of Athilingham and describing him as “a ringleader.” The Center for Public Integrity found him -- a balding blind man, less than 5 feet tall, who personally faces hundreds of charges laid by the authorities, including one for “waging war against the state” -- in Kudankulam. “I’m the mastermind,” Athilingham conceded, laughing, as his friends guided him to a rough-hewn bench beside an Airtel phone booth, where he produced a court file as thick as a city telephone directory that recorded the many months he had spent in jail while his friends and family fought to win him the right to pay bail. The main report further warned that churches in southern India, which cater to fishermen and their families that in this region are predominately Christian, were inappropriately funding and stoking the activism. In 2012, bank accounts for two nonprofits run by Bishop Yvon Ambroise, of the Catholic diocese of Tuticorin, a port city on the Bay of Bengal, were frozen. The government claimed the diocesan association and its welfare arm had channeled foreign funds to anti-nuclear protestors. The bishop responded testily to the accusations. “This is a people's struggle and is fully financed by them,” he said. But it’s not one that the people here are winning. And so the safety concerns will persist. The public's anxieties may in turn affect whether India is able to build as many nuclear plants as it wants, and at the pace it has planned -- a question with international implications, since India's anticipated shift from high-polluting energy sources such as coal to nuclear energy figures prominently in global efforts to stem climate change. (India is one of the world's largest producers of coal.) Using a PR campaign to fix safety problems The Indian government’s confidential plans for responding to public anxieties about the Kudankulam reactors and others like them were put into motion shortly after an earthquake triggered a tsunami off the coast of Japan in March 2011, causing three of the six reactors at the Fukushima Daiichi nuclear plant to melt down. Within six weeks, the office of Prime Minister Manmohan Singh sent a series of memos containing key elements of a new public relations campaign to the major organizations pushing the Kudankulam project forward: the Atomic Energy Commission, which governs the Department of Atomic Energy that oversees training and research for both the civilian and military sector, and the Nuclear Power Corporation of India Ltd., which supervises the construction and operation of reactors. Inspectors in charge of safety and security at the Atomic Energy Regulatory Board, supposedly an independent organization, received the same memorandums. Officials were tasked with contacting journalists on an annotated list that described their politics, religion and affiliations, as well as their pliability, according to a copy of the messages the Center for Public Integrity obtained from a former government official. These reporters and commentators were to be paid -- out of the national coffers -- to write and broadcast about the Indian civil nuclear sector’s culture of “unparalleled watchfulness,” stated a message dated July 2011 from the Department of Atomic Energy Secretariat, Anushakti Bhavan, Delhi, to the Principal Secretary for the Prime Minister. It said the payments would be in exchange for accounts depicting India’s safety record as second to none and highlighting “the natural catastrophe that occurred in Japan,” rather than the underlying human failings and technological mistakes. The Center could find no evidence that such payments were made, however, and Vikas Swarup, India’s official spokesman at the Ministry of External Affairs, declined any comment about them. One of the memos suggested executives and scientists should “emphasize India’s resilience as compared to Japan,” and noted that in India there had been “no Three Mile Island or Windscale,” referring to the 1979 meltdown of a reactor in Pennsylvania and a catastrophic fire at a British reactor in 1957. The Indian system was underpinned by “rigorous oversight,” another of the memos stated, according to copies seen by the Center. Critics should be described as “anti-national,” as Western nations “prompted agitation” inside the country to suit their own “economic and strategic objectives.” These hostile Western nations could also be referred to as “neo-colonial,” it said. Srikumar Banerjee, chairman of the Atomic Energy Commission, appeared on channel NDTV in 2012 to say that “Kudankulam has one of the world’s safest nuclear reactors.” S.K. Jain, chief managing director at the state-owned nuclear corporation, reframed what happened at Fukushima. “There is no nuclear accident or incident,” he said, even as the situation was unfolding. “[Fukushima] is a well-planned emergency preparedness program … to contain the residual heat after the plants had an automated shutdown following a major earthquake.” He similarly emphasized there were “zero casualties.” But Udayakumar and other residents described the official responses as “glib and misleading.” “No one died in Japan,” Udayakumar said, but a World Health Organization report that “everyone [here] read” predicted that girls living in areas worst affected had a 70 percent higher risk of developing thyroid cancer. If nuclear chiefs wanted ordinary people to feel reassured, he argued, they should openly discuss preparedness for a disaster like Fukushima, and conduct training workshops. But the government’s detailed safety analyses have been kept secret. The plant operators argued they were commercially sensitive documents, explaining that their Russian partners demanded confidentiality. During a test run of the reactor in July 2011, the authorities instead published public service advertisements in local newspapers suggesting that villagers “cover their nose and mouth, after closing doors and windows, in case of a radioactive release,” according to a copy seen by the Center. A health ministry official conceded at a parliamentary hearing in 2010 that India was “nowhere” on the path to dealing with “nuclear and radiological emergencies” and that lack of preparedness at hospitals and other response systems would only ensure that “mortality and morbidity … could be on a very high scale.” Facing increasingly volatile demonstrations and pressure from right-to-information laws, the government finally released a 12-page summary of the atomic park’s emergency and security plan, which stated that at least three routes existed for possible evacuation, and that schools and other public structures had been designated as temporary shelters. It failed to mention, however, that 1 million people live within a 20 miles radius of the reactor, and did not explain how many shelters had been allocated for these residents. There likewise was no mention that many of roads that evacuees would have to travel down were still hewn from mud, making them impassable after a downpour. There was no reference to the 30,000 people living within 3 miles of the plant, thousands of them within a zone that supposedly has been cleared, as safety laws requested. And it gave no indication that officials have yet to set aside any boats for a potential seaside evacuation of these villagers, as the state government confirmed to the Center, even though this method has been referred to in the plan as “preferential.” Under a subheading, “Tsunami,” the document states: “Not significant.” Referring to seismic activity, it concludes: “No active fault within 5km.” But M.V. Ramana, a physicist at Princeton University’s Nuclear Futures Laboratory, said these conclusions reminded him of an assertion by the atomic energy department in 1986 that tsunamis did not occur in India. That was 18 years before a tsunami, triggered by an earthquake, devastated India’s southern coast, killing an estimated 18,000 people and displacing another 600,000 while inundating homes in Idinthakarai village, 20 minutes from the new atomic park. Waves as high as 31 feet smashed 3 miles of coastline to the west of Kudankulam. Villagers were also alarmed by disclosures of construction flaws at the plant, where operators repeatedly missed construction and budgetary deadlines. Soon after the double containment domes topping the first reactor in Kudankulam were finished, for example, contractors were forced to crack them open so they could rethread power and control cables that somehow had been left out by Indian engineers. The initial build, especially the wiring, did not match the specifications sent from Russia, according to a 2010 report from the AERB prepared for the Atomic Energy Commission and seen by the Center. The nuclear corporation said Russian manuals for the reactor’s control system had been delivered late, and said the engineers had been forced to improvise, as they were “unfamiliar with the system they were dealing with.” In a 2012 note dated Sept. 16 and seen by the Center, Russian engineers told the Indian regulator and plant operators that the repairs were so poor that “magnetic interference” now hampered critical safety equipment in the reactor, rendering it ineffective. The Indian regulator, Department of Atomic Energy and spokesman at the Ministry of External Affairs declined to comment on these conclusions, or to say whether the faults were ever fixed. Then, on May 21, 2013, the Russian Federation’s Investigative Committee announced that officials at ZiO-Podolsk, a subsidiary of state nuclear corporation Rosatom, had deliberately substituted cheap, substandard steel to fashion components for nuclear reactors sold to India, Korea, Bulgaria and China. The Chinese authorities had triggered the committee’s inquiry after engineers found more than 3,000 inferior components at its Tianwan Nuclear Power Plant, on the Yellow Sea, in Jiangsu. Activists in Kudankulam demanded to know what engineers at the atomic plant knew, submitting a Right to Information (RTI) request. The plant operators initially responded by stating that they had “no information regarding any investigation against [the Russian supplier].” However, one of the Russian investigators told the Center in an interview in January that Indian officials had traveled to Russia for a three-day trip in July 2012, five months after an executive in ZiO-Podolsk had been arrested in connection with the fraud. During this visit, the Indian delegation was briefed on the official inquiry. A document later released under Indian RTI laws named the officials as “Special Secretary Mr. A. P. Joshi, Deputy Secretary Mr. Ninian Kumar and the Manager of the Atomic Energy Commission (AEC) Mr. Dzhogesh Pady,” confirming the account given by Russian investigators. According to an official on the Russian inquiry team who asked not to be named because he was not authorized to speak on the issue, Russian investigators “felt certain” that those under arrest in Russia had “Indian accomplices” who “were paid to conceal complaints on component failures.” The Center put these allegations to plant operators, the Department of Atomic Energy and the official government spokesman, but all declined to comment. In January 2013, an internal Indian nuclear corporation report seen by the Center acknowledged that “engineers are still reviewing thousands of the components” ZiO-Podolsk had sent. But four months later, Nalinish Nagaich, the nuclear corporation’s executive director, claimed that only four faulty valves had been detected and replaced at the plant, according to media reports. Since then, and despite repeated requests for information by Indian scientists and local residents, the plant operators and their bosses at the Department of Atomic Energy have declined to talk about the investigation. Warnings met by secrecy A. Gopalakrishnan, a lanky, long-faced south Indian nuclear engineer, has spent his professional life posing awkward questions to industry colleagues. As a result, he regards the problems at Kudankulam as systemic rather than isolated. Educated in India, Gopal, as he is known, completed his doctorate at the University of California, Berkeley before working on NASA projects and at the Argonne National Laboratory. He missed his homeland, however, and in 1976, two years after the Republic conducted its first nuclear tests, he returned to work on India’s covert civil and military nuclear program. He became chairman of the AERB in 1993 and left his post in 1996 to embark on a teaching career, after warning his superiors in a damning report of 134 safety problems, some of them critical, at Indian nuclear installations. Ninety-five of the problems were “top priority” -- and some of them reached back to 1979, when they had been marked as requiring “urgent action.” His contract subsequently was not renewed, an unusual event. But he is still a powerful and respected critic of India’s nuclear establishment, and remains close to his country’s nuclear researchers, engineers and scientists. The construction problems at Kudankulam, Gopal said in an interview in the southern Indian city of Hyderabad, were “an astonishing if not disastrous miscalculation.” Reflecting on the wiring crisis that had knocked out safety systems, he said he worried that Indian technicians “will not hesitate from bending or breaking the rules to meet deadlines.” The subsequent scandal at the nuclear park involving ZiO-Podolsk was “the latest in a long line of crises that could have been learned from but instead have been buried.” One of the first reactors Gopal comprehensively reviewed after becoming chairman of the regulatory board was at the Narora nuclear power station, 90 miles southeast of Delhi. There, on March 31, 1993, one of two Canadian-designed reactors began making rumbling noises. Seconds later, choking smoke clogged the control room, triggering panic, and the electricity failed. The reactor failed to shut down automatically, and when an engineer activated a manual override, he discovered its backup systems did not work. R. Chidambaram, secretary to the Department of Atomic Energy that runs India’s nuclear project, told reporters that “there was no problem at Narora.” He added: “This kind of failure … has happened for the first time.” But Gopal learned that a turbine had lost some blades due to fatigue, and that the resulting shrapnel had clattered into others, rupturing a coolant pipe. The heating that followed sparked a fire fed by leaking lubricating oil, and flames chewed through four unshielded power cables, cutting off electricity, triggering the blackout. The electric cables were supposed to have been clad in fire-retardant insulation, a recommendation accepted globally after a blaze at the Brown’s Ferry nuclear reactor, on the Tennessee River in Alabama, in 1979. General Electric’s technicians had also warned manufacturers in India about the turbine blade flaws years earlier, with local supplier Bharat Heavy Electricals making drawings for new blades, designs that were rejected. A panel convened by the plant operator concluded, in a report submitted three months after the disaster, and seen by the Center, that a “catastrophic explosion and meltdown” had been narrowly avoided. These were not isolated errors, according to a survey published in an academic journal in 2013. M.V. Ramana, the Princeton physicist, and Carnegie Mellon mechanical engineer Ashwin Kumar analyzed data India sent to the International Atomic Energy Agency in Vienna, and learned that a station known as RAPS 1, in the western desert state of Rajasthan, had been shut down twice in 1981 and once in 1982 because of vibrations caused by failing turbine blades -- well before the Narora incident. Turbines at other reactors experienced vibrations from faulty blades, and in 1985, a reactor at a plant known as MAPS, 30 kilometers outside Chennai, India’s fifth-largest city, was shut down repeatedly due to vibrations. It happened again in 1989 and 1990. Then, on May 13, 1994, the inner containment dome at Kaiga nuclear power station, in the western state of Karnataka, crumbled, dropping 130 tons of concrete 90 feet. If the reactor’s control rods had been present they could have been destroyed, preventing the reactor from being regulated. It was the first incident of its kind anywhere in the world. Gopal said his investigation showed the existence of a “corrupt nexus” of local builders and plant engineers that had used unsuitable materials to build the domes, without appropriate testing -- a theme that would recur in Kudankulam in 2014. Gopal tried to establish a special inquiry into the causes but says he was discouraged from doing so. A month later, in June 1994, the Kakrapar power station in India’s western state of Gujarat flooded when engineers opened a nearby dam after heavy monsoons. Although the nuclear corporation said that “nothing untoward happened,” Manoj Mishra, the head of a local trade union, said in an interview that managers had failed to install flood protection and that when it occurred, his men watched as dozens of canisters of highly radioactive waste that were supposed to have been submerged in a pond floated away. No one would tell him how many canisters were missing. Horrified, and ignored by his superiors who had failed to notify the local authorities as was required, Mishra wrote a letter revealing what had happened to the editor of the Gujarat Samachar, a large local newspaper, only for the corporation to fire him. Mishra fought the decision until 2013, when the Supreme Court finally dismissed his case. The court recognized that Mishra “can appropriately be described as a whistleblower for the system who has tried to highlight the malfunctioning of an important institution,” but added that, because he was “neither an engineer, nor an expert on the functioning of the Atomic Energy Plants,” the motive behind his revelations was not “in furtherance of public good.” Ramana at Princeton was incredulous. “In what way is the education level of Manoj Mishra relevant to deciding if he was a whistleblower?” he asked, adding: “For Mishra to become an expert, he would necessarily have to have spent several years at the Department of Atomic Energy’s training school, during the course of which he would likely not just have learnt about nuclear reactor physics and engineering, but also become indoctrinated to trust authority and support … policies of secrecy unquestioningly." This troubling record on safety, oversight and accountability extends to facilities that support India’s nuclear weapons program. Gopal said he discovered during his tenure that the Dhruva reactor -- which makes weapons-grade plutonium at the Bhabha Atomic Research Center in Trombay, a suburb of Mumbai -- was allowed to run for almost one month with an emergency coolant valve fused shut. At the nearby CIRUS research reactor, which produced India’s weapons-grade plutonium for the country’s first nuclear explosion in 1974, an underground pipeline carrying radioactive fluids burst in 1991, “contaminating hundreds of tons of subsoil,” with cesium-137 and a cocktail of “other lethal isotopes,” Gopal said. A second leak, on May 14, 1992, in a waste treatment plant in the same complex, “contaminated the location,” he added. At fuel reprocessing and fabrication units, from Hyderabad in the South to Maharashtra in the West, there were “high levels of airborne radioactive dust.” He heard of “frequent minor explosions in active chemical reactors.” Similar alarms have been sounded by Buddhi Kota Subbarao, a highly decorated former naval captain and electrical engineer working on submarine nuclear propulsion. In 1988, a year after retiring, he was arrested on his way to a presentation in the United States and charged with attempting to smuggle secrets out of the country. He subsequently spent 20 months in custody, during which he studied to become a lawyer, and then fought for five years to clear his name. The Supreme Court of India finally quashed all charges in 1993, and a former judge of the Supreme Court, Justice V.D. Tulzapurkar, who had not sat in on the case, wrote in support to local newspapers, warning that Subbarao had been subjected to a “miscarriage of justice” by nuclear officials keen to discredit a critic and salvage their own reputations. Undaunted, Subbarao published a report in 1999 for a nonprofit group called Manushi that revealed how both the CIRUS and Dhruva reactors had contaminated soil, water and vegetation near their discharge lines with cesium-137, a radionuclide that the U.S. Environmental Protection Agency warns significantly increases the risk of cancer. Some of the irradiated waste flowed through the plant’s storm drains and into a creek that runs into Mumbai’s port, poisoning fish and leaching into grassland nearby. He also said India had tolerated radiation levels at its nuclear facilities that exceeded limits set by international agencies. After Gopal submitted his report criticizing the Department of Atomic Energy for tolerating safety practices “far below” international standards and outlining 95 “top priority” issues, he was let go, in his view, for “telling the truth too loudly.” However, he developed a following. The People’s Union for Civil Liberties, a citizens’ legal group, filed a public interest petition in the Bombay High Court to get Gopal’s report published, as did a second, pacifist organization based in Mumbai. His successor at the AERB, R. Chidambaram, declined to say if the critical flaws identified by Gopal had been fixed, and claimed that to publish information on this issue would “cause irreparable injury to the interests of the State and will be prejudicial to national security.” The Bombay High Court dismissed the petitions for the report’s release, and when an appeal was lodged in India’s Supreme Court, Gopal attached his name to it, warning that “serious nuclear accidents” could take place at some facilities if the issues he had identified were not remedied. The Supreme Court rejected the appeal in January 2004, ruling that information concerning nuclear installations should remain secret. Gopal said in the interview that secrecy and the absence of an independent nuclear regulator still create huge risks. At present, the chairman of the six-person board of regulators, the AERB, reports to the overall head of the Department of Atomic Energy that it is supposed to regulate, and to the chairman of the Atomic Energy Commission, the country’s apex policy making body on nuclear issues. Gopal said: “I cannot imagine a more subservient existence.” The arrangement also makes American officials who help oversee the safety of nuclear reactors uneasy. According to a State Department cable obtained by Wikileaks, when Dale Klein, chairman of the U.S. Nuclear Regulatory Committee, met with Shyam Saran, the Indian prime minister’s special envoy in November 2008, Klein stressed the need for “a strong, independent regulatory body.” But no change has occurred since then, and in August 2012, India’s comptroller and auditor general similarly criticized the board for remaining “subordinate to the central government” and said “the failure to have an autonomous and empowered regulator is fraught with grave risks.” The government proposed a reform bill in 2011 that created a Nuclear Safety Regulatory Authority, but it still called for members to be appointed by those in power, and it still gives the chairman of the Atomic Energy Commission a leading role in its operation. The Indian Parliament has not yet approved it, and in March the International Atomic Energy Agency issued a special statement reminding India that the new board’s regulatory independence should be enshrined in law and “separated from other entities having responsibilities or interests that could unduly influence its decision making.” Experts in Australia, a key nuclear trading partner with India, are also worried. The Australian Parliament’s Joint Standing Committee on Treaties recommended on Sept. 8 that until this measure and other new safety and security practices are implemented, no Australian uranium should be sold to India. Australian prime minister Malcolm Turnbull responded in November, however, that sales would go ahead anyway. Gopal’s view is that nothing has changed. If anything, the authorities and regulators have clammed up even more, he says. “No one seems to be worried, even though the government seems less and less interested in the public’s safety.” The AERB, India’s regulator, the government’s official spokesman and the plant operators NPCIL were all asked for comment, as was the Department of Atomic Energy, but they all declined. This is the second part of a series about India's secretive nuclear plant and its effect on the country's residents, land and foreign relations. The story is from The Center for Public Integrity, a nonprofit, nonpartisan investigative news organization in Washington, D.C. Read more of their reporting on nuclear security or follow them on Twitter. Adrian Levy is an investigative reporter and filmmaker whose work has appeared in the Guardian, The Observer, The Sunday Times, and other publications. His most recent books are: The Meadow, about a 1995 terrorist kidnapping of Westerners in Kashmir, and The Siege: The Attack on the Taj, about the 2008 terrorist attacks in Mumbai. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
India stocks were mixed after the close on Friday, as gains in the Real Estate, IT and Fast Moving Consumer Goods sectors led shares higher while losses in the Metals, Capital Goods and Oil&Gas sectors led shares lower. At the close in NSE, the S&P CNX Nifty gained 0.02%, while the BSE Sensex 30 index declined 0.05%. The best performers of the session on the S&P CNX Nifty were Bank Of Baroda (NSE:BOB), which rose 1.31% or 2.35 points to trade at 181.30 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NSE:BPCL) added 1.29% or 10.85 points to end at 850.55 and Wipro Ltd . (NSE:WIPR) was up 1.27% or 7.00 points to 559.10 in late trade. The worst performers of the session were Cairn India Limited (NSE:CAIL), which fell 3.86% or 5.85 points to trade at 145.65 at the close. TATA STEEL LIMITED (NSE:TISC) declined 3.02% or 7.25 points to end at 232.95 and Bharat Heavy Electricals Ltd. (NSE:BHEL) was down 2.93% or 6.35 points to 210.70. The top performers on the BSE Sensex 30 were Wipro Ltd. (BO:WIPR) which rose 1.07% to 557.30, State Bank Of India (BO:SBI) which was up 1.12% to settle at 230.15 and Infosys Ltd (BO:INFY) which gained 0.96% to close at 1090.70. The worst performers were TATA STEEL LIMITED (BO:TISC) which was down 3.02% to 233.05 in late trade, Vedanta Ltd (BO:VDAN) which lost 2.56% to settle at 97.10 and Gail (India) Ltd. (BO:GAIL) which was down 2.48% to 285.05 at the close. Rising stocks outnumbered declining ones on the India National Stock Exchange by 843 to 575 and 13 ended unchanged; on the Bombay Stock Exchange, 423 rose and 327 declined, while 1 ended unchanged. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 0.93% to 24.9750. Gold for December delivery was down 0.34% or 3.80 to $1105.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 2.33% or 1.07 to hit $44.85 a barrel, while the October Brent oil contract fell 2.20% or 1.07 to trade at $47.81 a barrel. USD/INR was up 0.39% to 66.561, while EUR/INR rose 0.26% to 74.9630. The US Dollar Index was up 0.07% at 95.61.
India stocks were lower after the close on Monday, as losses in the Metals, Oil&Gas and Consumer Durables sectors led shares lower. At the close in NSE, the S&P CNX Nifty fell 0.46%, while the BSE Sensex 30 index fell 0.48%. The best performers of the session on the S&P CNX Nifty were Bharat Heavy Electricals Ltd. (NSE:BHEL), which rose 2.37% or 6.30 points to trade at 272.45 at the close. Meanwhile, Hero MotoCorp Limited (NSE:HROM) added 1.58% or 42.10 points to end at 2703.95 and Maruti Suzuki India Ltd. (NSE:MRTI) was up 0.99% or 44.20 points to 4497.15 in late trade. The worst performers of the session were Oil And Natural Gas Corporation Ltd (NSE:ONGC), which fell 2.76% or 7.80 points to trade at 275.05 at the close. Mahindra&Mahindra Ltd. (NSE:MAHM) declined 2.20% or 30.60 points to end at 1359.70 and Tata Motors Ltd . (NSE:TAMO) was down 1.96% or 7.70 points to 385.70. The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 2.01% to 271.15, Hero MotoCorp Limited (BO:HROM) which was up 1.67% to settle at 2704.85 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 1.03% to close at 4497.70. The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 2.55% to 275.10 in late trade, Mahindra&Mahindra Ltd. (BO:MAHM) which lost 1.96% to settle at 1360.45 and NTPC Limited (BO:NTPC) which was down 1.91% to 131.30 at the close. Falling stocks outnumbered advancing ones on the India National Stock Exchange by 828 to 622 and 10 ended unchanged; on the Bombay Stock Exchange, 466 fell and 288 advanced, while 2 ended unchanged. Shares in Maruti Suzuki India Ltd. (NSE:MRTI) rose to all time highs; rising 0.99% or 44.20 to 4497.15. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; gaining 1.03% or 45.75 to 4497.70. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 3.72% to 15.4650. Gold for December delivery was down 0.05% or 0.60 to $1093.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.17% or 0.07 to hit $43.95 a barrel, while the October Brent oil contract rose 0.76% or 0.38 to trade at $49.62 a barrel. USD/INR was up 0.22% to 63.880, while EUR/INR fell 0.10% to 69.8300. The US Dollar Index was up 0.28% at 97.93.
India stocks were lower after the close on Friday, as losses in the Power, Metals and Banking sectors led shares lower. At the close in NSE, the S&P CNX Nifty lost 0.28%, while the BSE Sensex 30 index declined 0.22%. The best performers of the session on the S&P CNX Nifty were Oil And Natural Gas Corporation Ltd (NSE:ONGC), which rose 4.39% or 11.90 points to trade at 282.85 at the close. Meanwhile, Tata Motors Ltd . (NSE:TAMO) added 2.69% or 10.30 points to end at 393.40 and Vedanta Ltd (NSE:VDAN) was up 2.13% or 2.70 points to 129.30 in late trade. The worst performers of the session were Bharat Heavy Electricals Ltd. (NSE:BHEL), which fell 5.77% or 16.30 points to trade at 266.15 at the close. Coal India Limited (NSE:COAL) declined 3.87% or 16.70 points to end at 414.70 and State Bank Of India (NSE:SBI) was down 2.68% or 7.75 points to 281.30. The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 4.42% to 282.30, Tata Motors Ltd. (BO:TAMO) which was up 2.52% to settle at 392.55 and Vedanta Ltd (BO:VDAN) which gained 2.01% to close at 129.45. The worst performers were Bharat Heavy Electricals Ltd. (BO:BHEL) which was down 5.81% to 265.80 in late trade, Coal India Limited (BO:COAL) which lost 3.61% to settle at 415.55 and State Bank Of India (BO:SBI) which was down 2.38% to 281.40 at the close. Falling stocks outnumbered advancing ones on the India National Stock Exchange by 827 to 618 and 10 ended unchanged; on the Bombay Stock Exchange, 437 fell and 321 advanced, while 3 ended unchanged. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 1.22% to 14.9100. Gold for December delivery was up 0.05% or 0.50 to $1090.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.21% or 0.10 to hit $44.76 a barrel, while the September Brent oil contract fell 0.10% or 0.05 to trade at $49.47 a barrel. USD/INR was up 0.15% to 63.816, while EUR/INR rose 0.15% to 69.7240. The US Dollar Index was up 0.02% at 97.89.
India stocks were higher after the close on Wednesday, as gains in the Capital Goods, IT and Auto sectors led shares higher. At the close in NSE, the S&P CNX Nifty added 0.46%, while the BSE Sensex 30 index climbed 0.38%. The best performers of the session on the S&P CNX Nifty were HCL Technologies Ltd (NSE:HCLT), which rose 3.03% or 28.00 points to trade at 951.35 at the close. Meanwhile, Yes Bank Ltd. (NSE:YESB) added 2.66% or 21.15 points to end at 816.10 and Zee Entertainment Enterprises Ltd. (NSE:ZEE) was up 2.14% or 8.40 points to 400.50 in late trade. The worst performers of the session were Tata Power Co. Ltd (NSE:TTPW), which fell 3.74% or 2.65 points to trade at 68.30 at the close. Punjab National Bank (NSE:PNBK) declined 2.96% or 4.20 points to end at 137.65 and ITC Ltd (NSE:ITC) was down 2.31% or 7.20 points to 304.00. The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 2.04% to 1085.20, Maruti Suzuki India Ltd. (BO:MRTI) which was up 1.87% to settle at 4273.95 and Bharat Heavy Electricals Ltd. (BO:BHEL) which gained 1.78% to close at 283.20. The worst performers were Tata Power Co. Ltd (BO:TTPW) which was down 3.60% to 68.35 in late trade, ITC Ltd (BO:ITC) which lost 2.35% to settle at 303.95 and State Bank Of India (BO:SBI) which was down 2.18% to 253.70 at the close. Rising stocks outnumbered declining ones on the India National Stock Exchange by 873 to 571 and 5 ended unchanged; on the Bombay Stock Exchange, 466 rose and 296 declined, while 2 ended unchanged. Shares in Tata Power Co. Ltd (NSE:TTPW) fell to 5-year lows; losing 3.74% or 2.65 to 68.30. Shares in Tata Power Co. Ltd (BO:TTPW) fell to 3-years lows; losing 3.60% or 2.55 to 68.35. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; gaining 1.87% or 78.30 to 4273.95. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was down 0.24% to 15.8775. Gold for December delivery was down 0.07% or 0.80 to $1095.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.42% or 0.20 to hit $47.78 a barrel, while the September Brent oil contract fell 0.34% or 0.18 to trade at $53.12 a barrel. USD/INR was up 0.02% to 63.870, while EUR/INR rose 0.10% to 70.6400. The US Dollar Index was down 0.04% at 96.72.
India stocks were lower after the close on Thursday, as losses in the Oil&Gas, IT and Technology sectors led shares lower. At the close in NSE, the S&P CNX Nifty declined 0.41%, while the BSE Sensex 30 index declined 0.41%. The best performers of the session on the S&P CNX Nifty were Bharat Heavy Electricals Ltd. (NSE:BHEL), which rose 3.36% or 8.60 points to trade at 264.30 at the close. Meanwhile, Larsen&Toubro Limited (NSE:LART) added 2.35% or 42.45 points to end at 1848.90 and Hero MotoCorp Limited (NSE:HROM) was up 2.15% or 54.85 points to 2604.75 in late trade. The worst performers of the session were Bharat Petroleum Corp. Ltd. (NSE:BPCL), which fell 5.40% or 49.45 points to trade at 866.65 at the close. Vedanta Ltd (NSE:VDAN) declined 4.67% or 6.80 points to end at 138.90 and Tata Consultancy Services Ltd. (NSE:TCS) was down 2.80% or 72.60 points to 2522.50. The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 3.59% to 264.35, Larsen&Toubro Limited (BO:LART) which was up 2.39% to settle at 1847.50 and Hindalco Industries Ltd. (BO:HALC) which gained 2.21% to close at 104.00. The worst performers were Vedanta Ltd (BO:VDAN) which was down 4.86% to 139.00 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 2.80% to settle at 2521.40 and Bajaj Auto Limited (BO:BAJA) which was down 2.33% to 2513.95 at the close. Rising stocks outnumbered declining ones on the India National Stock Exchange by 793 to 645 and 7 ended unchanged; on the Bombay Stock Exchange, 381 fell and 364 advanced, while 2 ended unchanged. Shares in Vedanta Ltd (NSE:VDAN) fell to 52-week lows; down 4.67% or 6.80 to 138.90. Shares in Vedanta Ltd (BO:VDAN) fell to 52-week lows; losing 4.86% or 7.10 to 139.00. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was down 1.98% to 17.4375. Gold for August delivery was down 0.17% or 2.00 to $1161.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.52% or 0.79 to hit $52.44 a barrel, while the August Brent oil contract rose 1.21% or 0.69 to trade at $57.74 a barrel. USD/INR was up 0.03% to 63.480, while EUR/INR fell 0.35% to 70.0480. The US Dollar Index was up 0.33% at 96.70.
India stocks were higher after the close on Wednesday, as gains in the Capital Goods, Power and Banking sectors led shares higher. At the close in NSE, the S&P CNX Nifty added 1.01% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.86%. The best performers of the session on the S&P CNX Nifty were Bank Of Baroda (NSE:BOB), which rose 4.27% or 6.15 points to trade at 150.30 at the close. Meanwhile, Bharat Heavy Electricals Ltd. (NSE:BHEL) added 3.95% or 9.80 points to end at 257.70 and Ambuja Cements Ltd. (NSE:ABUJ) was up 3.59% or 8.25 points to 238.15 in late trade. The worst performers of the session were Zee Entertainment Enterprises Ltd. (NSE:ZEE), which fell 1.11% or 4.10 points to trade at 363.80 at the close. Bajaj Auto Limited (NSE:BAJA) declined 0.62% or 15.70 points to end at 2526.25 and Lupin Ltd (NSE:LUPN) was down 0.61% or 11.45 points to 1874.60. The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 3.67% to 256.95, AXIS Bank Ltd. (BO:AXBK) which was up 3.60% to settle at 578.75 and Cipla Ltd. (BO:CIPL) which gained 2.75% to close at 633.25. The worst performers were Bajaj Auto Limited (BO:BAJA) which was down 0.48% to 2523.60 in late trade, ITC Ltd (BO:ITC) which lost 0.41% to settle at 313.75 and Gail (India) Ltd. (BO:GAIL) which was down 0.40% to 390.50 at the close. Rising stocks outnumbered declining ones on the India National Stock Exchange by 1085 to 351 and 18 ended unchanged; on the Bombay Stock Exchange, 568 rose and 183 declined. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was down 6.39% to 15.8450. Gold for August delivery was down 0.02% or 0.20 to $1171.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.50% or 0.89 to hit $58.58 a barrel, while the August Brent oil contract fell 1.04% or 0.66 to trade at $62.93 a barrel. USD/INR was down 0.01% to 63.611, while EUR/INR fell 0.27% to 70.6740. The US Dollar Index was up 0.28% at 96.03.
India stocks were lower after the close on Wednesday, as losses in the Metals, Real Estate and Public Sector Undertakings sectors led shares lower. At the close in NSE, the S&P CNX Nifty declined 0.25%, while the BSE Sensex 30 index declined 0.27%. The best performers of the session on the S&P CNX Nifty were Bharat Heavy Electricals Ltd. (NSE:BHEL), which rose 4.22% or 10.30 points to trade at 254.10 at the close. Meanwhile, Zee Entertainment Enterprises Ltd. (NSE:ZEE) added 2.79% or 9.65 points to end at 355.20 and Hindustan Unilever Ltd. (NSE:HLL) was up 2.38% or 20.85 points to 896.55 in late trade. The worst performers of the session were Punjab National Bank (NSE:PNBK), which fell 3.60% or 5.15 points to trade at 138.05 at the close. Hindalco Industries Ltd. (NSE:HALC) declined 3.58% or 4.35 points to end at 117.25 and Bank Of Baroda (NSE:BOB) was down 2.93% or 4.40 points to 145.90. The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 4.06% to 253.95, Hindustan Unilever Ltd. (BO:HLL) which was up 2.40% to settle at 895.30 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 1.54% to close at 870.80. The worst performers were Hindalco Industries Ltd. (BO:HALC) which was down 3.70% to 117.15 in late trade, TATA STEEL LIMITED (BO:TISC) which lost 2.98% to settle at 304.10 and Mahindra&Mahindra Ltd. (BO:MAHM) which was down 2.27% to 1303.35 at the close. Falling stocks outnumbered advancing ones on the India National Stock Exchange by 838 to 593 and 7 ended unchanged; on the Bombay Stock Exchange, 471 fell and 266 advanced, while 1 ended unchanged. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 5.80% to 15.9150. Gold for August delivery was up 0.08% or 0.90 to $1177.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.11% or 0.07 to hit $61.08 a barrel, while the August Brent oil contract rose 0.06% or 0.04 to trade at $64.49 a barrel. USD/INR was up 0.03% to 63.626, while EUR/INR rose 0.25% to 71.2210. The US Dollar Index was down 0.19% at 95.42.
India stocks were lower after the close on Thursday, as losses in the Banking, Auto and Power sectors led shares lower. At the close in NSE, the S&P CNX Nifty fell 1.96% to hit a new 6-months low, while the BSE Sensex 30 index fell 1.75%. The best performers of the session on the S&P CNX Nifty were Vedanta Ltd (NSE:VDAN), which rose 1.62% or 3.00 points to trade at 188.00 at the close. Meanwhile, Tech Mahindra Limited (NSE:TEML) added 0.22% or 1.25 points to end at 557.55 and Bharat Petroleum Corp. Ltd. (NSE:BPCL) was down 0.18% or 1.50 points to 842.40 in late trade. The worst performers of the session were Tata Power Co. Ltd (NSE:TTPW), which fell 5.21% or 3.85 points to trade at 70.00 at the close. Idea Cellular Ltd (NSE:IDEA) declined 4.56% or 8.00 points to end at 167.50 and Asian Paints Ltd. (NSE:ASPN) was down 4.16% or 30.75 points to 708.40. The top performers on the BSE Sensex 30 were Vedanta Ltd (BO:VDAN) which rose 1.54% to 187.70, Gail (India) Ltd. (BO:GAIL) which was down 0.10% to settle at 395.20 and Hindustan Unilever Ltd. (BO:HLL) which lost 0.30% to close at 817.80. The worst performers were Tata Power Co. Ltd (BO:TTPW) which was down 4.88% to 70.15 in late trade, Tata Motors Ltd. (BO:TAMO) which lost 3.61% to settle at 430.35 and Bharat Heavy Electricals Ltd. (BO:BHEL) which was down 3.24% to 243.25 at the close. Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1120 to 296 and 9 ended unchanged; on the Bombay Stock Exchange, 586 fell and 137 advanced, while 2 ended unchanged. Shares in Tata Power Co. Ltd (NSE:TTPW) fell to 52-week lows; falling 5.21% or 3.85 to 70.00. Shares in Tata Power Co. Ltd (BO:TTPW) fell to 52-week lows; falling 4.88% or 3.60 to 70.15. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was up 4.26% to 17.8050. Gold for August delivery was down 0.62% or 7.30 to $1179.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.07% or 0.66 to hit $60.77 a barrel, while the July Brent oil contract fell 0.87% or 0.57 to trade at $65.13 a barrel. USD/INR was up 0.36% to 63.995, while EUR/INR fell 0.11% to 72.1260. The US Dollar Index was up 0.47% at 95.03.
India stocks were higher after the close on Wednesday, as gains in the IT, Capital Goods and Auto sectors led shares higher. At the close in NSE, the S&P CNX Nifty rose 1.27%, while the BSE Sensex 30 index climbed 1.36%. The best performers of the session on the S&P CNX Nifty were Cairn India Limited (NSE:CAIL), which rose 6.76% or 11.70 points to trade at 184.70 at the close. Meanwhile, Bharat Heavy Electricals Ltd. (NSE:BHEL) added 4.10% or 9.90 points to end at 251.25 and Wipro Ltd. (NSE:WIPR) was up 3.53% or 19.20 points to 562.75 in late trade. The worst performers of the session were Idea Cellular Ltd (NSE:IDEA), which fell 1.04% or 1.85 points to trade at 175.50 at the close. NMDC Ltd (NSE:NMDC) declined 0.98% or 1.20 points to end at 120.65 and Lupin Ltd (NSE:LUPN) was down 0.79% or 14.05 points to 1756.00. The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 4.21% to 251.40, Wipro Ltd. (BO:WIPR) which was up 3.60% to settle at 563.30 and Bajaj Auto Limited (BO:BAJA) which gained 3.08% to close at 2253.10. The worst performers were Cipla Ltd. (BO:CIPL) which was down 0.01% to 593.45 in late trade, Housing Development Finance Corp. (BO:HDFC) which gained 0.01% to settle at 1190.30 and Hindustan Unilever Ltd. (BO:HLL) which was up 0.05% to 820.30 at the close. Rising stocks outnumbered declining ones on the India National Stock Exchange by 983 to 429 and 10 ended unchanged; on the Bombay Stock Exchange, 511 rose and 214 declined, while 3 ended unchanged. The India Vix, which measures the implied volatility of S&P CNX Nifty options, was down 5.18% to 17.0775. Gold for August delivery was up 0.59% or 7.00 to $1184.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.73% or 1.04 to hit $61.18 a barrel, while the July Brent oil contract rose 1.51% or 0.98 to trade at $65.86 a barrel. USD/INR was down 0.25% to 63.850, while EUR/INR fell 0.24% to 72.0540. The US Dollar Index was down 0.24% at 94.93.