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Kingfisher CEO says no plans to order new planes

FARNBOROUGH, England, July 18 (Reuters) India's Kingfisher Airlines said on Tuesday it had no immediate plans to order more aircraft and said it was happy with the redesign of Airbus' A350 mid-sized jet.

''We have already ordered aircraft and we do not need to order any more aircraft right now,'' Kingfisher Chief Executive Vijay Mallya told Reuters on the sidelines of the Farnborough International Airshow.

''Our 350s are going to come to us in 2012 and if we are getting a brand new aircraft for the same price, something that is a lot better than the old 350s, then it is a reason to celebrate.'' Mallya said he did not expect the price of the new A350s to change.

Mallya also said the airline would not be affected by delays in deliveries to the A380 and had no intention to change its current order of 5 of the superjumbo aircraft.

REUTERS SBA VV1925

Coromandel fertilisers Q1 sales zooms

Chennai, July 18 (UNI) The Coromandel Fertilisers Limited, a Murugappa Group Company, had registered a sales turnover of Rs 356.16 crore for the first quarter ending June 30 as against Rs 125.89 crore in the corresponding period last year. A company release here said the unaudited financial results for the first quarter were approved by the board of directors at its meeting held here today. The gross profit before depreciation, interest and.....

Crompton Greaves Q1 net up 16.38 pc at Rs 36.37 cr

Mumbai, July 18 (UNI) Crompton Greaves has posted a 16.38 per cent increase in net profit after tax at Rs 36.37 crore for the quarter ended June 30, 2006 as compared to Rs 31.25 crore for the quarter ended June 30, 2005. Announcing the results, the Company said its total income (net of excise) has increased by 41.33 per cent to Rs 745.55 crore for Q1 FY 06-07 from Rs 527.51 crore in Q1 FY.....

Suzlon plans Rs 1500 cr investment to set up mfg plants

Mumbai, July 18 (UNI) Suzlon Energy, a leading power company has announced a Rs 1500 crore investment plan to set up integrated manufacturing facilities in India to cater to increasing export market share and demand. The proposed facilities are planned at strategic locations close to the ports for manufacturing of wind turbines with aggregate capacity of 1,500 MW and Vertical integration through Foundry, Forging and Machining unit (FFM), said a Suzlon press release.....
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