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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Govt permits 3 airlines to directly import 12.65 lakh kl ATF

The carriers which have recently received permission from the Directorate General of Foreign Trade to import jet fuel are Kingfisher Airlines, SpiceJet and IndiGo

New Delhi: Three Indian carriers, which have been permitted to directly buy jet fuel from foreign sources, would together import almost 13 lakh kilo litres (kl) of the fuel at a cost of about Rs5,780 crore for the present, reports PTI.

The carriers which have recently received permission from the Directorate General of Foreign Trade (DGFT) under the commerce ministry, to import aviation turbine fuel (ATF) are Kingfisher Airlines, SpiceJet and IndiGo.

Air India, which has also applied for such an approval, is yet to receive permission to import ATF. The move will help the airlines to significantly slash its operating costs.

“All the three airlines have been permitted to directly import ATF,” a senior commerce ministry official told PTI.

While InterGlobe, owner of no-frill airline IndiGo, got approval to import 7.15 lakh kl worth Rs3,200 crore of jet fuel, cash-strapped Kingfisher has been allowed to buy 5 lakh kl worth Rs2,233 crore. SpiceJet would import only 50,000 kl worth Rs235 crore, the official said.

The three carriers have been negotiating with leading oil marketing companies and were hopeful of beginning fuel imports in due course, a source said.

Industry experts have claimed that a mix of taxes levied by state-run oil marketing companies and the state governments make jet fuel prices in India among the highest in the world. Currently, fuel costs account for about 40% of an airline's total operating costs. SpiceJet's chief executive Neil Mills had recently said the airline industry would benefit from direct ATF imports due to high ATF prices in India.

“Aircraft fuel expenses were 90% higher than the same period last year and fuel cost as a proportion constituted 50% of the total revenue in October- December, 2011 quarter as compared to 37% in the comparable quarter for the fiscal 2011,” SpiceJet had said in its Q3 financial statement.

The cash-strapped Kingfisher Airlines, which was burdened by a debt of over Rs7,000 crore, had earlier strongly pitched for permission to allow foreign airlines to invest in domestic carriers.

India’s civil aviation sector grew at an average of over 18% in the last seven years and the government has taken various steps to resolve the woes faced by airline industry, including allowing them to directly import jet fuel.

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