• Sign Up
  • |
  • Sign In Sign Out
  • |
  • Make us your home
  • |
  • RSS
1 2
1 15
1 4
1 9
1 13
1 25
IPO
1 5015
1 5013
  • SMS your queries at 56388
  • Email your queries to buyorsell@ndtv.com
  • Call 011-26201171 for all your stock queries
  • Obama's stimulus plan a key trigger for global economy
  • Expect continued weakness in crude oil prices
  • China's oil demand fell by 500,000-600,000 bbl Oct-Nov
  • Global crude demand would continue downward trend
  • HOV Services to consider buyback on Jan 13
  • Fiscal stimulus to help with liquidity
  • Demand and customer sentiment down sharply
  • Move to encourage banks, MFs to lend more to NBFCs
  • Expect to borrow against rated CPs from RBI
  • Need a large fiscal stimulus for economic revival in 2009
  • More earnings downgrades, target cuts by analysts
  • Scope for more rate cuts as inflation trending lower
  • U.S. economic data seen -ve for coming months
  • Should agree to a standstill if shareholders reject offer
  • Offer < $10.25 Sun paid for Brandes' 8% stake in Taro
  • Proposal contemplates a full cessation of litigation
  • Prepared to conduct a shareholder referendum
  • Taro shareholders to vote, yes or no, on a merger
  • Crude trading in red, trading around $48/bbls
  • U.S. equities fell for the first time in 4 days
  • S&P500 financial index fell 2.5% yesterday
  • Dow Jones down 0.9% at 8950 levels
  • Asian markets trading mixed with positive biased
  • Incentives for projects larger than Rs.1000cr: Guj Govt
  • Sensex closes up 317 pts; Nifty up 74 pts
  • CNX Midcap Index & Smallcap Index up over 1% each
  • BSE Bankex up 3.5%, BSE Metal up 5.5%
Updated: 11/08/2008 | 05:45 PM IST
Tanti eyeing SC Shipping?
Shweta kapoor and Arijit Barman
Monday, August 11, 2008 (New Delhi)
Comments:
Read (0)

India's breeze billionaire Tulsi Tanti wants the world to be his playground, and after US and China, he is looking at new opportunities in India, where big orders of over 256 MW is coming from realty major DLF, and of course from around the world.

"Our order book now has orders from Brazil, South Africa. Repower also has an order book of $1.6billion as well. US is an important market but now we will looking at Europe. Europe means 21 countries for us. Latin America and African markets are also attractive," said Tulsi Tanti, CMD, Suzlon Energy.

But Tanti is not just looking at diversifying his geographical spread, he is looking at diversifying his business as well and for a group that relies so much on sea transportation shipping could well be the next natural business extension.

NDTV has learnt that Tanti is all set to acquire a shipping asset in South East Asia and is looking at Thailand's SC Inter Service Company, which has over 20 cargo ships. Even though the vehicle and quantum of the deal is still not clear, sources say close to a $100 million payout is likely.

"We charter ships at the moment. We don't own any asset at the moment and we can't comment on this. We will let you know when there is anything," added Tanti.

With over 500 million raised via FCCB's and a QIP in place, Suzlon has cash in its books and is using that to buyout Areva's 30% stake over the next 10 months. He plans to buy out Martifer's stake as well at he says he's not buying back at a premium.

"We have bought out Areva by May 2009 and we will buy the residual stake of our Portuguese partner in RE Power. I can't give you too much details on the price but we will not be paying too much," Tanti further added.

So from harnessing the wind to make the moolah to spreading into shipping, Tulsi Tanti wants an energy empire. But analysts worry with orders getting scrapped in a key market like US and leading clients like Edison or Deere reviewing Suzlon's turbines, will there be a big crack in Tanti's windmill empire?

Comments:
Read (0)
Comments
 
Market Watch
Graphs
Stocks
Trading Calls
Hemen Kapadia
Hemen Kapadia
3.91% status
Current: Rs 91.6
Simi Bhaumik
Simi Bhaumik
-0.85% status
Current: Rs 506.95
Stock Recos
I suggest the investors to hold the stock with a stoploss of Rs 600
I advice the investors to buy the stock at these levels
Buy or Sell
Today's Analyst: Hemen Kapadia
Query : Can I buy HCC at the current price, asks HK Nawani from Guna (MP).