Linc Pen to enter premium segment

“We will be launching our brand 'Cruiser' by August. The pens will be priced above Rs1,000 apiece. We are building products under this brand,” Linc Pen and Plastics managing director Deepak Jalan said

Mumbai: Linc Pen and Plastics plans to launch premium ‘Cruiser’ brand of pens, which will cost upwards of Rs1,000 apiece, reports PTI.
 
“We will be launching our brand ‘Cruiser’ by August. The pens will be priced above Rs1,000 apiece. We are building products under this brand,” Linc Pen and Plastics managing director Deepak Jalan told PTI.
 
The premium pen market is dominated by global brands like Parker, Mont Blanc and Cross.
 
“The Cruiser is an in-house brand and the positioning is in the premium category,” he said, adding the pens are made in Germany and Taiwan.
 
The Kolkata-headquartered company also plans to consolidate its pencil brands to two to three brands.
 
“It has been a trend in the industry to have multiple pencil brands from the same company. This is the trend that even we have been following. We have too many pencil brands. We would like to consolidate and focus on two to three brands now,”   he said.
 
The company plans to increase the prices by 3%-5% across select products from May.
 
In the late afternoon trade, Linc Pen was trading at around Rs53.75 per share on the Bombay Stock Exchange, 2.67% up from the previous close.

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Suzlon gets orders from Europe for 276 MW of turbines

Suzlon Group subsidiary, REpower Systems announced cumulative orders of approximately 276 MW across Europe over a two-month period, the company informed the BSE

Mumbai: Wind power major Suzlon Group said it received orders for supplying 276 MW capacity turbines across Europe in the past two months, reports PTI.
 
Suzlon Group subsidiary, REpower Systems announced cumulative orders of approximately 276 MW across Europe over a two-month period, excluding orders announced separately, the company informed the BSE.
 
These cover various orders secured between 11 February 2012 and 15 April 2012 across Italy, France, Germany, Poland and the United Kingdom.
 
“With our focus on technology and customer centricity, we have the right products and services to lead the sector,” Andreas Nauen, CEO, REpower Systems said.
 
“These orders clearly underscore the continuing momentum in the wind sector in developed European markets,” said Tulsi Tanti, chairman, Suzlon Group.
 
The projects include several wind farms in Germany featuring REpowers latest turbine models etc.
 
In the late afternoon trade, Suzlon Energy was trading at around Rs22.75 per share on the Bombay Stock Exchange, 2.99% down from the previous close.

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Foodgrain output for 2011-12 upped to 252.56 million tonnes

“Rice production has been revised to a record 103.41 million tonne from 102.75 million tonne in the earlier estimate:” said agriculture minister Sharad Pawar

New Delhi: India’s foodgrain production estimate has been revised upwards by over two million tonne to an all-time high of 252.56 million tonne in 2011-12 crop year helped by bumper output of wheat and rice, reports PTI.

In February, foodgrains production was pegged at 250.42 million tonne for the 2011-12 crop year (July-June). The country produced 244.78 million tonne in the previous year.

According to the third advance estimate for 2011-12, released today by agriculture minister Sharad Pawar, rice production has been revised to a record 103.41 million tonne from 102.75 million tonne in the earlier estimate.

Wheat output, too, has been pegged higher at 90.23 million tonne, from 88.31 million tonne in the second advance estimates released in February this year.

However, the production figure of coarse cereals and pulses has been revised downwards to 41.91 million tonne and 17.02 million tonne, respectively, as compared with 42.08 million tonne and 17.28 million tonne, respectively.

“I am extremely happy to see this figure. I would like to congratulate the farming community. Overall stock position is good. The problem will be storage. I hope the concerned department will take appropriate steps,” Mr Pawar told reporters after inaugurating National Crop Forecast Centre, here.

Cotton production is estimated at a record 35.2 million bales (of 170 kg each), as against 34.08 million bales in the earlier projection for this year.

In the 2010-11 crop year, rice production stood at 95.98 million tonne, wheat - 86.87 million tonne, pulses - 18.24 million tonne and coarse cereals - 43.68 million tonne.

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