Morning Bell 04-02-11

                                                                        Morning Bell

NTPC not to open bid after HC intervention

NTPC will not open price bids for 11,000-crore bulk equipment supply tender after the  High Court admitted a plea from Ansaldo Caldaie, challenging its disqualification from the bidding. The state utility would initiate bidding for Rs 19,000-crore equipment supply contracts for three upcoming power projects. (Source : Economic Times)

Nalco may invest Rs 700 crore in Hindustan Copper mines

Nalco may invest about Rs 700 crore for picking up stake in two mines of Hindustan Copper. The Mines are located at Ghatshila in Jharkhand and Malanjkhand in Madhya Pradesh. A detailed framework is likely next week to determine the form of the strategic alliance. Nalco's stake could be up to 50% in both the mines as the lease ownership is with Hindustan Copper. (Source: Business Standard)

RPower expects to earn Rs 2000 crore from clean technology at Sasan

RPower expects to earn over Rs 2,000 crore for using energy efficient and environment friendly coal technology at its 4,000 Mw power project at Sasan in Madhya Pradesh. The Company has registered with CDM-EB which allows Sasan Project to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. The CERs can be traded and sold, and will result in significant additional revenues for the super-critical Ultra Mega Power Project. (Source: Business Standard)

Jet Airways to repay Rs 1,000 crore of debt each year

Jet Airways plans to repay about Rs 1,000 crore of debt each fiscal. The company is looking to prepay its high-cost debt amounting to between Rs 2,000 crore to Rs 3,000 crore of Indian rupee debt to start with. Jet Airways has a total debt of around Rs 13,000 crore. (Source: Moneycontrol)

IDFC, BoI may lead India Inc in $2-bn overseas borrowing spree

IDFC and Bank of India may take the lead in India Inc’s around $2-billion overseas borrowing spree in the next few months as the window may begin to close, with investors worrying about deteriorating macro fundamentals. (Source :Economic Times)