Nilam is expected to intensify further into a severe cyclonic storm and move northwestwards and cross north Tamil Nadu and adjoining south Andhra Pradesh coast between Puducherry and Nellore, close to Chennai by Wednesday evening
Chennai: Cyclone 'Nilam' on Wednesday intensified into a severe storm with extremely heavy rainfall expected over North coastal Tamil Nadu and Puducherry even as the weather department warned of extensive damage to huts, standing crops and power lines, reports PTI.
The cyclone is expected to cross between Puducherry and Nellore in Andhra Pradesh close to Chennai this evening.
"The system would intensify further into a severe cyclonic storm and move north-westwards and cross north Tamil Nadu and adjoining south Andhra Pradesh coast between Puducherry and Nellore close to Chennai by this evening, the Indian Meteorological Department (IMD) said in its latest bulletin.
Gusty winds with a maximum surface wind speed of 45 kmph to 110 kmph is expected, it said.
Extremely heavy rainfall of over 25 cm or more is expected over north Coastal Tamil Nadu and Puducherry in the next 24 hours.
Rainfall at most places with isolated heavy to very heavy falls would occur over south coastal Andhra Pradesh, Rayalaseema and north interior Tamil Nadu in the next 48 hours with gale speeds of 90-100 kmph, gusting to 110 kmph along and off north Tamil Nadu, Puducherry and adjoining south Andhra Pradesh coasts.
The sea condition would be "high to very high" along and off North Tamil Nadu, Puducherry and South Andhra Pradesh coast, the Met office said.
Storm surge of about 1-1.5 metre over the astronomical tide is likely to inundate low lying areas of Chennai, Kancheepuram, Tiruvallur and Nellore districts, it said.
The Met office also advised total suspension of fishing operations and for coastal dwellers to move to safer places.
Danger signals ranging from seven to five have been hoisted at Chennai, Ennore, Cuddalore, Nagapattinam, and Puducherry ports.
Local cautionary signal number three has been hoisted at Pamban and Thoothukudi ports, it said.
The latest satellite image of Cyclone Nilam as provided by US Naval Research Lab's Tropical Cyclone page suggests the "eye" beginning to form.
(Image Courtesy: http://devconsultancygroup.blogspot.in)
Companies continue to ignore consumer feedback today as they did 40 years ago, despite great...
Narmada Gelatines, a micro-cap stock, saw its share price skyrocket on Bombay Stock Exchange after reporting outstanding results for the September 2012 quarter
Narmada Gelatines, a specialty chemical business company focusing on gelatines production, has posted outstanding results. Net sales for the quarter ended 30 September 2012 were Rs30.22 crore compared to Rs24.43 crore recorded for the corresponding period last year, up 23.69% year-on-year (y-o-y). The company’s net profit jumped a whopping 62.39% y-o-y, from Rs2.26 crore (Q2FY13) to Rs3.67 crore (Q2FY12). This was because of the boost in net sales. Narmada Gelatines is debt-free, so there was no question of interests affecting its bottomline.
To read about results of other companies, click here.
A closer look at Moneylife’s database revealed that operating profits jumped 65% y-o-y, which is nearly more than double its three-quarter y-o-y average growth rate of 29%. It managed to keep costs under control while boosting sales significantly. In fact, its average three-quarter sales growth rate is 18% while current quarter net sales grew over 23%. What is more surprising is that small gems like this have gone unnoticed by the analyst community. Its valuation is quoting with market capitalization 2.56 times operating profit while return on equity (RoE) is an impressive 20%.
Narmada Gelatines makes gelatine, ossein and di-calcium phosphate. It is based in Jabalpur (Madhya Pradesh) and has convenient access to its main, and essential, inputs of crushed bones, acid, lime and good quality water. Narmada Gelatines’s primary focus has been to develop long-term relationship with customers and provide international quality products that meet food safety standards. The industry dynamics favour the company. Gelatine is a derived demand of the pharmaceutical sector, where around 85% of the use goes to the sector alone. The balance is for edibles, industrials and such. The future of pharmaceutical holds good for India as patents begin to expire in the United States.
Narmada Gelatines stock price, at time of writing this piece, skyrocketed 9.13% to Rs139.25, on the Bombay Stock Exchange (BSE).
You can read more about Narmada Gelatines here.