UPDATE 1-Canada's Royal Laser says bidder hikes offer

* Says gets higher offer from previous bidder

* New offer for C$0.41/shr vs old offer C$0.31/SHR

* New offer at a 9 pct premium to Monday's close

March 10 (Reuters) - Canada's Royal Laser Corp RLC.TO, a supplier of flat-rolled steel to auto manufacturers, said the bidder who made an unsolicited takeover offer for the company last November raised its offer by about 33 percent.

The new offer of C$40 million, or 41 Canadian cents a share, is at premuim of 9 percent to the stock's closing price Monday on the Toronto Stock Exchange.

The previous offer, which was mainly for the steel processing business of its Venture Steel unit, was for C$30 million, or 31 Canadian cents a share.

Royal Laser still did not name the bidder but said the unsolicited offer was subject to the same conditions made last time, including the sale of certain non-core assets.

A special committee is holding preliminary talks with other potential buyers, the company said in a press release.

Shares of Royal Laser were up about 7 percent at 40 Canadian cents Tuesday late afternoon trade on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Gopakumar Warrier)