Mumbai, 20 Feb 2008 : C Sivasankaran's WinWinD Oy, the Finland-based wind turbine maker has charted out a major expansion plan that envisages making Chennai its main hub and increase manufacturing capacity by over 20 times its current capability.
WinWinD has an installed manufacturing capacity to make 140 MW, distributed between 30-35 wind turbines of 3 MW each and about 40 MW wind turbines of 1 MW each.
Delhi, 19 Feb 2008 : In one of the largest cross-border M&A deals originating from India, serial entrepreneur Mr C.Sivasankaran-led Siva Ventures Ltd(SVL) has acquired Norway-based JB Ugland Shipping AS(JBUS) for $300 million (Rs 1,200 crore). The deal will propel the group into the unchartered shipping and logistic industry.
Sterling's Sivasankaran gets into shipping with Norwegian buy
Delhi, 22 Feb 2008 : Attracted by a global shipping boom, C.Sivasankaran, chairman of the Sterling Group, has ventured into the shipping business by acquiring the Norwegian shipping firm JB Ugland Shipping A/S in a deal worth about $300 million (around Rs,1,200 crore).
Mumbai, 20 Feb 2008 : C Sivasankaran's WinWinD Oy, the Finland-based wind turbine maker has charted out a major expansion plan that envisages making Chennai its main hub and increase manufacturing capacity by over 20 times its current capability.
WinWinD has an installed manufacturing capacity to make 140 MW, distributed between 30-35 wind turbines of 3 MW each and about 40 MW wind turbines of 1 MW each.
Delhi, 19 Feb 2008 : In one of the largest cross-border M&A deals originating from India, serial entrepreneur Mr C.Sivasankaran-led Siva Ventures Ltd(SVL) has acquired Norway-based JB Ugland Shipping AS(JBUS) for $300 million (Rs 1,200 crore). The deal will propel the group into the unchartered shipping and logistic industry.
Sterling's Sivasankaran gets into shipping with Norwegian buyfont>more...
Sterling Infotech Group co acquires J.B.Ugland Shipping for Rs 1,200 Cr.
Bangalore, 19 Feb 2008 : Siva ventures Ltd, the flagship company of he $2-billion Chennai-baed Sterling Infotech Group, has acquired the Norwegian shipping firm J.B.Ugland Shipping AS(JBUS), from J.B.Ugland Holding AS, for a tottal consideraition of around $300 million (Rs 1,200 crore), according to a press release.
The acquisition will propel the Sterling Group's business plans within the shipping and logistics industry. The all-cash deal was funded through a combination of debt and equity. JBUS will become a subsidiary of the group, Mr.Srinivasan Vaidyanahan, Group CEO Sterling Infotech Group, old Business Line.
Bangalore, 20 Feb 2008 : C.Sivasankaran-led Sterling Infoech Group of Chennai has signalled its foray into the shipping and logistics business by inking a Rs.1,200 crore cross-border acquisition deal. The overseas acquisiion is done through Siva Ventures Limited(SVL). The deal saw SVL acquiring the Norwegian shipping firm J.B.Ugland Shipping AS(JBUS) from J.B.Ugland Holding AS for a total consideration of around $300 million(Rs.1,200 crore).
Siva Ventures acquires J B Ugland for Rs 1,200 cr.
Mumbai, 20 Feb 2008 : Siva Ventures Limited(SVL), the flagship company of the two billion dollar Sterling Infotech Group, today said it has acquired the Norwegian shipping firm JB Ugland Shipping AS (JBUS) from JB Ugland Holding AS for a total consideration of about 1,200 crores (300 million dollars).
Sterling Infotech Group co acquires J.B.Ugland Shipping for Rs 1,200 Cr.
Bangalore, 19 Feb 2008 : Siva ventures Ltd, the flagship company of he $2-billion Chennai-baed Sterling Infotech Group, has acquired the Norwegian shipping firm J.B.Ugland Shipping AS(JBUS), from J.B.Ugland Holding AS, for a tottal consideraition of around $300 million (Rs 1,200 crore), according to a press release.
The acquisition will propel the Sterling Group's business plans within the shipping and logistics industry. The all-cash deal was funded through a combination of debt and equity. JBUS will become a subsidiary of the group, Mr.Srinivasan Vaidyanahan, Group CEO Sterling Infotech Group, old Business Line.
Bangalore, 20 Feb 2008 : C.Sivasankaran-led Sterling Infoech Group of Chennai has signalled its foray into the shipping and logistics business by inking a Rs.1,200 crore cross-border acquisition deal. The overseas acquisiion is done through Siva Ventures Limited(SVL). The deal saw SVL acquiring the Norwegian shipping firm J.B.Ugland Shipping AS(JBUS) from J.B.Ugland Holding AS for a total consideration of around $300 million(Rs.1,200 crore).
Siva Ventures acquires J B Ugland for Rs 1,200 cr.
Mumbai, 20 Feb 2008 : Siva Ventures Limited(SVL), the flagship company of the two billion dollar Sterling Infotech Group, today said it has acquired the Norwegian shipping firm JB Ugland Shipping AS (JBUS) from JB Ugland Holding AS for a total consideration of about 1,200 crores (300 million dollars).
con.gif" alt="" width="13" height="8"> Siva eyes coal and iron ore mines
Bangalore, 20 Feb 2008 : NRI businessman C Sivasankaran, who is known to spot a new business successfully is now in the last leg of discussions to acquire coal and iron ore mines. As a prelude to this entry, he announced the acquisition of a Norwegian shipping firm for Rs 1,200 crore in an all cash deal.
Speaking to TOI from Singapore, Sivasankaran, chairman of Siva Venures said,"We have concluded he acquisition of JB Ugland Shipping(JBUS), which has a fleet of 40 vessels for $300 million. It is a 100% buy-out of the existing share-holders of the company. As regards the coal mines and iron ore mines, I cannot comment now." Sources said that he is close to announcing coal mine acquisitions in Indonesia and iron ore mines in Brazil. "Discussions with sellers are at an advanced stage, that is all we can say," they said.
Mumbai, 20 Feb 2008 : NRI businessman C Sivasankaran, who is known to spot a new business successfully is now in the last leg of discussions to acquire coal and iron ore mines. As a prelude to this entry, he announced the acquisition of a Norwegian shipping firm for Rs 1,200 crore in an all cash deal.
Speaking to TOI from Singapore, Sivasankaran, chairman of Siva Venures said,"We have concluded he acquisition of JB Ugland Shipping(JBUS), which has a fleet of 40 vessels for $300 million. It is a 100% buy-out of the existing share-holders of the company. As regards the coal mines and iron ore mines, I cannot comment now." Sources said that he is close to announcing coal mine acquisitions in Indonesia and iron ore mines in Brazil. "Discussions with sellers are at an advanced stage, that is all we can say," they said.
Chennai, 19 Feb 2008 : As part of its foray into the bulk shipping industry, the C Sivasankaran-promoted Sterling group has acquired shipping business of Norwegian conglomerate J B Ugland for $300 million(Rs 1,200 crore).
Srinivasan, group chief executive officer of Sterling group subsidiary Siva Ventures, said the 100 percent stake acquisition in JB Ugland's shipping business was completed over the weekend.
quire coal and iron ore mines. As a prelude to this entry, he announced the acquisition of a Norwegian shipping firm for Rs 1,200 crore in an all cash deal.
Speaking to TOI from Singapore, Sivasankaran, chairman of Siva Venures said,"We have concluded he acquisition of JB Ugland Shipping(JBUS), which has a fleet of 40 vessels for $300 million. It is a 100% buy-out of the existing share-holders of the company. As regards the coal mines and iron ore mines, I cannot comment now." Sources said that he is close to announcing coal mine acquisitions in Indonesia and iron ore mines in Brazil. "Discussions with sellers are at an advanced stage, that is all we can say," they said.
Mumbai, 20 Feb 2008 : NRI businessman C Sivasankaran, who is known to spot a new business successfully is now in the last leg of discussions to acquire coal and iron ore mines. As a prelude to this entry, he announced the acquisition of a Norwegian shipping firm for Rs 1,200 crore in an all cash deal.
Speaking to TOI from Singapore, Sivasankaran, chairman of Siva Venures said,"We have concluded he acquisition of JB Ugland Shipping(JBUS), which has a fleet of 40 vessels for $300 million. It is a 100% buy-out of the existing share-holders of the company. As regards the coal mines and iron ore mines, I cannot comment now." Sources said that he is close to announcing coal mine acquisitions in Indonesia and iron ore mines in Brazil. "Discussions with sellers are at an advanced stage, that is all we can say," they said.
Chennai, 19 Feb 2008 : As part of its foray into the bulk shipping industry, the C Sivasankaran-promoted Sterling group has acquired shipping business of Norwegian conglomerate J B Ugland for $300 million(Rs 1,200 crore).
Srinivasan, group chief executive officer of Sterling group subsidiary Siva Ventures, said the 100 percent stake acquisition in JB Ugland's shipping business was completed over the weekend.
Sivasankaran buys Norway shipping co for Rs 1,200 cr.
Mumbai, 20 Feb 2008 : NRI businessman C Sivasankaran, who hit the headlines 2005 by selling his telecom business Aircel to Maxiz of Malaysia for $800 million, has acquired a Norwegian shipping firm, JB Ugland Shipping (JBUS), for Rs1,200 crore. Mr.Sivasankaran, who now heads the deversified Siva Ventures as the group chairman, confirmed the development.
JBUS is a Norway-headquartered shipping company with a fleet of 40 owned and long-term chartered vessels with an aggregate capacity of approximately 2 million deadweight tonnage (DWT). The company's fleet consists of a mix of tankers and chemical an bulk carriers. The fleet has an average life of approximately four years. It is also acquiring new vessels which will be delivered in phase over the next three years. The company's main operations are centred in Oslo, Norway and Singapore.
, who hit the headlines 2005 by selling his telecom business Aircel to Maxiz of Malaysia for $800 million, has acquired a Norwegian shipping firm, JB Ugland Shipping (JBUS), for Rs1,200 crore. Mr.Sivasankaran, who now heads the deversified Siva Ventures as the group chairman, confirmed the development.
JBUS is a Norway-headquartered shipping company with a fleet of 40 owned and long-term chartered vessels with an aggregate capacity of approximately 2 million deadweight tonnage (DWT). The company's fleet consists of a mix of tankers and chemical an bulk carriers. The fleet has an average life of approximately four years. It is also acquiring new vessels which will be delivered in phase over the next three years. The company's main operations are centred in Oslo, Norway and Singapore.
Now, Sivasankaran bets on wind power 
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