HCL Infosystems wins Rs278 crore order from ELCOT

HCL Infosystems to provide 2 lakh units of HCL ME laptops to government and state aided schools and colleges across Tamil Nadu

HCL Infosystems announced the awarding of a contract from ELCOT (Electronics Corporation of Tamil Nadu). It has been selected as a leading vendor for the government project-free distribution of laptops to students of government and state aided schools and colleges across the state. This is the first phase of the five-year project and in this phase HCL will supply 2-lakh laptops out of a total order volume of 9-lakh laptop units. The project will enhance PC adoption among students in the state and the student community is expected to benefit from the scheme.

The laptops will also cover both Open Source "BOSS" operating system as well as Microsoft Windows. ELCOT is planning with other government organisations to provide a few useful educational applications along with each laptop. These applications will be pre-loaded in the laptops.

Speaking on the occasion, APS Bedi, executive vice president, HCL Infosystems said, "We are confident that such initiatives will boost PC penetration and democratise access to technology by students."

In the early afternoon, HCL Infosystems was trading at Rs50.20 per share on the Bombay Stock Exchange, 3.83% up from the previous close.

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Suzlon Group signs framework contract for up to 250 MW for French wind projects

“This agreement is the start of the breakthrough of the REpower 3.XM series in France, after the successful ramp-up in other European markets,” said Andreas Nauen, CEO, REpower Systems S.

Suzlon Group-subsidiary, REpower Systems SE, has signed a framework contract with Maia Eolis for the supply of up to 250 megawatts (MW) for onshore wind farms in France. The project is scheduled for delivery between 2012 and 2015.

The agreement strengthens the strategic alliance started with the first contract signed in 2004. The contract comprises REpower's best selling turbines-the MM82 and MM92-with a nominal power of 2 MW, and the new REpower 3.4M1054 and the 3.2M114 with 3.4 and 3.2 MW rated power respectively. The 3 MW series is the company's latest onshore development for sites with medium to low wind speeds.

Andreas Nauen, CEO-REpower Systems SE, said on the agreement: "We are delighted that Maia Eolis has confirmed REpower as strategic provider for wind turbines in the coming years. This agreement is the start of the breakthrough of the REpower 3.XM series in France, after the successful ramp-up in other European markets. Moreover, our 3.XM series ideally suits the conditions on the French wind market."

Tulsi Tanti, chairman, Suzlon Group said: "This is an important agreement for the Group, it underscores our competitive product offerings and our strong positioning in what is a key market for wind energy in Europe."

In the early afternoon, Suzlon Energy was trading at Rs29.95 per share on the Bombay Stock Exchange, 3.1% up from the previous close.

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Bank of Maharashtra reduces base rate by 10 bps

The Bench Mark Prime Lending Rate (BPLR) of the Bank of Maharashtra shall continue to remain unchanged at 15% p.a. on monthly compounding basis

Bank of Maharashtra has announced that the Base Rate of the bank is reduced by 10 basis points (bps) from 10.70% p.a. to 10.60% p.a on monthly compounding basis, with effect from 21 February 2012.

The Bench Mark Prime Lending Rate (BPLR) of the bank shall continue to remain unchanged at 15% p.a. on monthly compounding basis.

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