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Latest news about Bharat Heavy Electricals

BHEL Secures Rs 6,650 Crore EPC Contract from NTPC for Darlipali Power Project 1 day ago

Bharat Heavy Electricals Limited (BHEL) has won a significant contract from NTPC Limited for the 1x800MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha. The Engineering, Procurement, and Construction (EPC) package is valued at over Rs 6,650.00 crore, excluding GST. The contract, awarded through international competitive bidding, covers comprehensive project execution including design, engineering, equipment supply, erection, commissioning, and civil works. The project has a 48-month completion timeline from the date of award notification, which was received on November 6, 2025.

BHEL Reports Revenue Growth Amid Continued Losses in Q2 FY26 9 days ago

Bharat Heavy Electricals Reports Robust Q2 Performance with Net Profit Soaring to ₹3.68 Billion 10 days ago

Bharat Heavy Electricals Files Petitions to Enforce ₹107.75 Crore Arbitration Awards Against RRVUNL Oct 09, 2025

BHEL Secures Massive Rs 13,000-15,000 Crore Power Plant Contracts in Madhya Pradesh Sep 30, 2025

More news about Bharat Heavy Electricals

25Sept 25

BHEL's Joint Venture Plans Halted, Secures ₹22.87 Crore Railway Order

Bharat Heavy Electricals Limited (BHEL) faced mixed developments. The company's proposed joint venture with REC Power Development and Consultancy Limited was not approved by DIPAM. However, BHEL secured a ₹22.87 crore order from South Western Railway for KAVACH safety equipment. The contract involves design, supply, and installation, with completion expected in 18 months. BHEL's stock closed at ₹234.60 on BSE, down 0.61%. The company also announced senior management changes, appointing V Shrinivas Rao and Ajay Kumar to key positions.

25Sept 25

DIPAM Rejects BHEL's Proposed Joint Venture with REC Power Development

Bharat Heavy Electricals Limited (BHEL) announced that the Department of Investment and Public Asset Management (DIPAM) has not approved its proposed joint venture with REC Power Development and Consultancy Limited. This decision was discussed during a board meeting on September 25. BHEL also announced the closure of its trading window for designated persons from October 1 until 48 hours after Q2 results are filed. The company appointed two new General Managers and reported the superannuation of two Executive Directors.

25Sept 25

BHEL Appoints Two New General Managers Following Senior Management Retirements

Bharat Heavy Electricals Limited (BHEL) has appointed two new General Managers, V Shrinivas Rao and Ajay Kumar, following the retirement of two Executive Directors. Rao, with 33 years of experience, will head the Heavy Build Group and Power Sector Business Group II in Noida. Kumar, with 35 years of experience, will lead Project Engineering Management and Central Project Control in Noida. Both will report to the Director (Power). These appointments come after the retirement of Executive Directors Pankaj Rastogi and Praveen Kishore on September 24, 2025.

19Sept 25

BHEL Faces ₹586.43 Crore GST Show Cause Notice for FY 2021-24

Bharat Heavy Electricals Limited (BHEL) has received a show cause notice from GST authorities in Telangana for ₹586.43 crore, covering fiscal years 2021-22 to 2023-24. The notice, issued on September 18, 2025, breaks down the amounts as ₹184.55 crore for 2021-22, ₹207.26 crore for 2022-23, and ₹194.62 crore for 2023-24. BHEL considers the issues raised as generic and 'not tenable,' and is preparing a reply. The company states that financial implications cannot be quantified at this stage as no order has been issued yet.

12Sept 25

Bharat Heavy Electricals Secures ₹22.87 Crore Railway Order for Kavach Equipment

Bharat Heavy Electricals Limited (BHEL) has received a ₹22.87 crore order from South Western Railway for the supply and installation of Kavach equipment. The project involves designing, developing, and installing on-board and trackside Kavach equipment at various railway locations. BHEL will manufacture the equipment at its Bengaluru plant and complete the project within 18 months. This order strengthens BHEL's position in the railway safety equipment sector and aligns with India's 'Make in India' initiative.

11Sept 25

Bharat Heavy Electricals Ltd. Sees Rs. 46 Crore Block Trade on NSE

Bharat Heavy Electricals Ltd. (BHEL) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 2,036,037 shares at Rs. 225.92 per share, totaling Rs. 46.00 crores. This large-scale trade, likely executed by institutional investors, highlights notable interest in BHEL's shares. The company, a key player in India's power and infrastructure sectors, manufactures crucial equipment for power generation.

08Sept 25

BHEL Forges 10-Year Exclusive Partnership with Singapore's Horizon Fuel Cell for Hydrogen-Powered Trains in India, Secures Rs 2,600 Crore Power Project Order

BHEL has signed a 10-year exclusive MoU with Singapore's Horizon Fuel Cell Technologies to develop hydrogen fuel cell-based rolling stock in India. This partnership aims to introduce sustainable transportation solutions to the Indian railway sector. Additionally, BHEL secured a Rs 2,600 crore order for a thermal power project in Madhya Pradesh. Despite these developments, the company reported a wider consolidated net loss of Rs 445.50 crore in the recent quarter.

05Sept 25

BHEL Inks 10-Year Exclusive Deal with Singapore's Horizon Fuel Cell for Hydrogen-Powered Rolling Stock in India

Bharat Heavy Electricals (BHEL) has signed a 10-year exclusive MoU with Singapore's Horizon Fuel Cell Technologies to develop hydrogen fuel cell-based rolling stock for the Indian market. This partnership aims to introduce sustainable transportation solutions in India's railway sector. Additionally, BHEL has accepted a letter of intent worth ₹2,600 crore from MB Power for supplying equipment for a thermal power project in Anuppur.

04Sept 25

BHEL Expands Portfolio: DRDO Radome Production and Power Project Contract

BHEL has received technology transfer from DRDO for producing high-strength radomes at its Jagdishpur facility, expanding its defense manufacturing capabilities. Additionally, the company has accepted a Letter of Intent for a 1x800 MW Anuppur Thermal Power Project in Madhya Pradesh, valued at approximately ₹2,600.00 crore. The contract involves supplying supercritical technology equipment, including Boiler, Turbine, Generator, and associated auxiliaries, with a 58-month completion timeline.

03Sept 25

BHEL Clinches Rs 2,600 Crore Power Project Contract from MB Power

Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent from MB Power for an 800 MW power project in Madhya Pradesh, valued at Rs 2,600 crore excluding GST. The contract involves supplying critical equipment including boiler, turbine, generator, and associated systems for the Anuppur Thermal Power Project. BHEL will manufacture key components at its Trichy and Haridwar plants, with a 58-month supply completion schedule.

02Sept 25

BHEL Triumphs: ₹31.2 Crore CGST Demand Quashed in Favorable Appellate Order

Bharat Heavy Electricals Limited (BHEL) secured a favorable order from the Commissioner CGST(Appeal) in Dehradun, quashing a ₹31.2 crore CGST demand for FY 2018-19 and 2020-21. The ruling eliminates the tax liability and drops the original Show Cause Notice. BHEL's management stated this decision will not impact the company's financials or operations. In a separate development, BHEL announced the dissolution of its joint venture, Powerplant Performance Improvement Pvt. Ltd. (PPIL), effective August 29, 2025, as per an NCLT order.

01Sept 25

BHEL Fined Rs 10.74 Lakh for Board Composition Non-Compliance

Bharat Heavy Electricals Limited (BHEL) has been fined Rs 5.37 lakh each by BSE and NSE, totaling Rs 10.74 lakh, for failing to maintain the required number of independent directors on its board. The penalty was imposed for non-compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations. BHEL, a state-owned company, stated that director appointments are made by the central government and plans to seek a waiver of the fines. The company is in regular consultation with the government to ensure compliance with regulatory requirements.

01Sept 25

BHEL's Strategic Moves: Technology Transfer Deal with DRDO and Joint Venture Dissolution

Bharat Heavy Electricals Limited (BHEL) has signed a License Agreement for Transfer of Technology with the Defence Metallurgical Research Laboratory (DMRL), a DRDO facility. This agreement is expected to enhance BHEL's capabilities in manufacturing advanced materials for defense applications. Simultaneously, BHEL's joint venture with Siemens AG has been officially dissolved following an NCLT order.

30Aug 25

BHEL Secures Radar Dome Manufacturing Technology from DRDO Lab, Boosting India's Defence Capabilities

Bharat Heavy Electricals Ltd (BHEL) has signed a License Agreement for Transfer of Technology with Defence Metallurgical Research Laboratory (DMRL) to manufacture fused silica radar domes for missile guidance systems. This agreement aims to enhance India's self-reliance in strategic defence systems by enabling indigenous production of critical components. BHEL will now be able to manufacture radar domes domestically, contributing to the nation's defence capabilities. Specific commercial terms of the agreement remain confidential.

30Aug 25

BHEL Inks Technology Transfer Deal with DMRL for Radar Dome Production

Bharat Heavy Electricals Limited (BHEL) has signed a License Agreement for Transfer of Technology with the Defence Metallurgical Research Laboratory (DMRL) to manufacture Fused Silica Radar Domes using Cold Isostatic Pressing and Sintering Route. This agreement aims to enhance India's defense capabilities, particularly in missile programs. The technology transfer will enable BHEL to produce critical components for seeker-based guidance systems domestically, aligning with India's goals of self-reliance in the defense sector.

07Aug 25

BHEL Reports Widened Losses in Q1 Despite Surge in Order Inflows

Bharat Heavy Electricals Limited (BHEL) reported a net loss of ₹455.00 crore in Q1, wider than the ₹213.00 crore loss in the same period last year. Revenue remained flat at ₹5,487.00 crore. Operating profit margin declined by 670 basis points to -9.80%. However, order inflows surged 42% to ₹13,400.00 crore, boosting the order backlog to ₹2.04 lakh crore. The power sector accounts for 79% of orders. BHEL achieved operational milestones including commissioning of power plants. The company's shares fell 5% following the results announcement.

06Aug 25

BHEL Reports Wider Q1 Net Loss Despite Stable Revenue, Shares Dip

Bharat Heavy Electricals Ltd. (BHEL) reported a wider net loss of ₹4.55 billion for Q1, compared to ₹2.10 billion loss in the same period last year. Revenue remained flat at ₹54.86 billion. The results fell short of analyst expectations, which had projected a return to profitability. BHEL's stock declined nearly 4% to ₹238.88 following the announcement. The company's order book and future order inflows remain crucial for its growth prospects.

25Jul 25

BHEL Announces Senior Management Changes and AGM Details

Bharat Heavy Electricals Limited (BHEL) has appointed Sanjay Guha as the new General Manager & Head of Project Management Group (PMG), PS-BG-I, Noida, effective July 25, 2025. Sibaprasad Gangopadhyay, former Executive Director (PMG), PS-BG I, Noida, superannuated on June 24, 2025. BHEL's 61st Annual General Meeting is scheduled for August 19, 2025, via video conferencing. The company has proposed a final dividend of Rs. 0.50 per share for FY 2024-25, subject to shareholder approval.

24Jul 25

BHEL Reschedules 61st AGM to August 19, 2025; Sets Record Date for Rs. 0.50 Final Dividend

Bharat Heavy Electricals Limited (BHEL) has rescheduled its 61st Annual General Meeting to August 19, 2025, to be held via video conferencing. The company has proposed a final dividend of Rs 0.50 per share for FY 2024-25, subject to shareholder approval. Key dates include August 1, 2025, as the record date for dividend eligibility, August 12, 2025, as the cut-off date for voting eligibility, and August 16-18, 2025, for the remote e-voting period. If approved, the dividend will be paid by September 17, 2025.

01Jul 25

BHEL Shares Dip Despite Securing ₹6,500 Crore Adani Power Order

Bharat Heavy Electricals Limited (BHEL) saw its stock price fall 0.98% to ₹263.70 on Tuesday, despite recently winning a ₹6,500 crore order from Adani Power for six 800 MW thermal power units. The market's reaction was muted, with sell orders (23.47 lakh shares) significantly outweighing buy orders (9.39 lakh shares), indicating that investors may be considering factors beyond this positive development.

16Jun 25

BHEL Poised to Oversee Massive EV Charging Station Tender Under PM E-Drive Initiative

Bharat Heavy Electricals Limited (BHEL) is likely to be selected to manage the tendering process for 72,300 EV charging stations across India as part of the PM E-Drive Initiative. This government program, with a budget of ₹10,900.00 crore, aims to boost EV adoption in the country. If chosen, BHEL would play a crucial role in developing India's EV charging infrastructure, potentially increasing consumer confidence in EVs, encouraging automakers to expand their EV offerings, and contributing to reduced carbon emissions in the transportation sector.

10Jun 25

BHEL Shares: Block Trade of 1.2 Million Shares Executed at Rs. 261.00 Each

Bharat Heavy Electricals Ltd. (BHEL) experienced a significant block trade on the National Stock Exchange (NSE). Approximately 1,215,906 shares were traded at Rs. 261.00 per share, totaling a transaction value of Rs. 31.74 Crores. This large-scale trade indicates notable market activity for the stock, potentially signaling shifting institutional positions or strategic moves by major investors. BHEL, a key player in India's engineering and manufacturing sector, specializes in energy and infrastructure equipment.

19May 25

BHEL Faces Downgrade Amid Weak Power Segment Performance

Analysts project up to 54% downside for Bharat Heavy Electricals Limited (BHEL) shares due to weak execution in the power segment. Kotak and CLSA maintain 'sell' and 'reduce' ratings respectively, citing high valuation and slow operational turnaround. BHEL's recent financial performance, including EBITDA, fell short of market expectations despite year-over-year growth. The company faces operational challenges in its crucial power segment and valuation concerns.

16May 25

BHEL: Q4 Profit Rises 3%, Revenue Up 8.9%

Bharat Heavy Electricals (BHEL) reported a 3% increase in Q4 consolidated net profit to ₹504.00 crore. Revenue grew by 8.9% to ₹8,993.00 crore, while EBITDA rose 14.3% to ₹832.00 crore with margin expanding to 9.2%. Although showing growth, the actual results fell short of analysts' more optimistic projections. The company's performance indicates positive operational trends, particularly in revenue and EBITDA growth, despite the modest increase in net profit.

15May 25

BHEL Sets Date for Q4 and FY2025 Results, Considers Final Dividend

Bharat Heavy Electricals Limited (BHEL) will release its Q4 and FY2025 financial results on May 16, 2025. The board will also consider recommending a final dividend. BHEL has implemented a trading window closure for designated persons from April 1, 2025, until 48 hours after the results filing to prevent insider trading.

02May 25

BHEL Sets Date for Q4 Results and Dividend Consideration

Bharat Heavy Electricals Limited (BHEL) has announced a board meeting on May 16, 2025, to review and approve Q4 and FY 2024-25 financial results, and consider a final dividend. The trading window for Designated Persons will be closed until May 18, 2025. This meeting is crucial for investors as it will provide insights into BHEL's financial performance and potential shareholder returns.

21Apr 25

BHEL Achieves Record-Breaking Order Inflows of ₹92,534 Crore in FY 2024-25

Bharat Heavy Electricals Limited (BHEL) achieved exceptional results in FY 2024-25. The company secured its highest-ever order inflows of ₹92,534.00 crore, boosting its total order book to ₹1,95,922.00 crore. Revenue grew by 19% to ₹27,350.00 crore. In the power sector, BHEL secured orders worth ₹81,349.00 crore, while the industrial segment contributed ₹11,185.00 crore. The company commissioned and synchronized 8.1 GW of power capacity during the fiscal year.

20Apr 25

BHEL Reports 19% Revenue Surge and Record Order Inflows in FY 2024-25

Bharat Heavy Electricals Limited (BHEL) announced impressive financial results for FY 2024-25, with a 19% year-on-year revenue increase to Rs 27,350.00 crore. The company secured its highest-ever annual order inflows of Rs 92,534.00 crore, resulting in a total order book of Rs 1,95,922.00 crore. BHEL's power sector dominance continued with orders worth Rs 81,349.00 crore, while the industrial segment grew with orders of Rs 11,185.00 crore. The company also commissioned or synchronized 8.1 GW of thermal power capacity during the fiscal year.

17Apr 25

BHEL Signs Technology Transfer Agreement with BARC for Indigenous Green Hydrogen Production

BHEL has signed a Technology Transfer Agreement with BARC for indigenous diaphragm technology for electrolysers. This agreement aims to reduce green hydrogen production costs and decrease import dependence. The technology will enable BHEL to achieve complete indigenous development of electrolyser systems, supporting the National Green Hydrogen Mission and Make in India initiative.

16Apr 25

BHEL Enhances Green Hydrogen Capabilities with BARC Technology Transfer Agreement

BHEL has signed a Technology Transfer Agreement with BARC for Mixed-Matrix Membrane Diaphragm Technology used in hydrogen production. This indigenous technology will replace imported Zirfon and asbestos in electrolyser systems, supporting cost reduction in green hydrogen production. The agreement aligns with India's National Green Hydrogen Mission and Make in India initiative, positioning BHEL to play a significant role in the country's clean energy transition.

11Apr 25

BHEL Forges 10-Year Strategic Partnership with Nuovo Pignone for Fertilizer Sector Projects

Bharat Heavy Electricals Limited (BHEL) has signed a 10-year Memorandum of Understanding with Nuovo Pignone International to collaborate on compressor revamp projects in the fertilizer industry. This strategic partnership aims to enhance BHEL's presence in the fertilizer sector, potentially leading to technological advancements, market expansion, and improved efficiency in fertilizer production. The long-term collaboration is expected to bring significant developments to India's industrial and agricultural landscape.

09Apr 25

BHEL Forges 10-Year Strategic Partnership with Nuovo Pignone for Fertilizer Sector Revamp Projects

Bharat Heavy Electricals Limited (BHEL) has entered a 10-year Memorandum of Understanding with Nuovo Pignone International s.r.l., starting April 9, 2025. The partnership focuses on compressor revamp projects in India's fertilizer industry, with BHEL as the main bidder and Nuovo Pignone as a nominated vendor. BHEL is expected to secure about 50% of the financial terms in these projects, aiming to boost its market share in the fertilizer sector's Renovation & Modernization business. No upfront payment was made for this strategic tie-up, and each party will handle their identified scope of work.

03Apr 25

BHEL Secures Major Contract for 6000 MW HVDC Terminal Station Project

Bharat Heavy Electricals Limited (BHEL) has signed a contract for a 6,000 MW, ±800 kV HVDC project connecting Bhadla, Rajasthan to Fatehpur, Uttar Pradesh. In consortium with Hitachi Energy India Limited, BHEL will design and execute the bi-pole and bi-directional terminal station to transmit renewable energy over 950 kilometers. BHEL's scope includes supplying key components, constructing substations, and installing power evacuation systems. The project, set for completion by 2029, marks BHEL's fourth UHVDC transmission project and aligns with India's goal of achieving 500 GW of renewable energy by 2030.

01Apr 25

BHEL Seeks Rs 542 Crore Recovery from Karnataka Power Corporation in Legal Battle

Bharat Heavy Electricals Limited (BHEL) has filed a lawsuit against Karnataka Power Corporation Limited (KPCL) in the Bengaluru City Civil Court, seeking to recover Rs 542.00 crore under an Engineering, Procurement, and Construction (EPC) contract for a unit of the Bellary Thermal Power Station. This legal action between two state-owned entities highlights tensions in India's power sector and could have significant implications for future collaborations and contract structures in large-scale infrastructure projects.

28Mar 25

BHEL Files ₹542 Crore Lawsuit Against KPCL, Secures ₹11,800 Crore Contract from CSPGCL

BHEL has filed a ₹542.14 crore lawsuit against Karnataka Power Corporation Ltd. for outstanding dues on an EPC contract. Simultaneously, the company received a Letter of Intent for a ₹11,800 crore EPC package from Chhattisgarh State Power Generation Company Limited to construct a 2x660 MW Supercritical Thermal Power Plant, to be completed within 60 months.

28Mar 25

BHEL Takes Legal Action Against Karnataka Power Corporation for Rs 542.14 Crore Recovery

Bharat Heavy Electricals Limited (BHEL) has filed a lawsuit against Karnataka Power Corporation Ltd (KPCL) in the Bengaluru City Civil Court to recover Rs 542.14 crore under an EPC contract for the Bellary Thermal Power Station. The legal action, disclosed under SEBI regulations, aims to secure outstanding payments and highlights challenges in the power sector regarding contract fulfillment and timely payments. Simultaneously, BHEL received a Letter of Intent from Chhattisgarh State Power Generation Company for an EPC package worth Rs 11,800 crore, demonstrating its ongoing engagement in major power projects.

28Mar 25

BHEL Secures Massive ₹11,800 Crore Order for Thermal Power Plant in Chhattisgarh

Bharat Heavy Electricals Limited (BHEL) has won a ₹11,800 crore contract from Chhattisgarh State Power Generation Company Limited for constructing a 2x660 MW Supercritical Thermal Power Plant in Korba West, Chhattisgarh. The project, to be completed within 60 months, includes supply of supercritical equipment, electrical and control systems, and civil works. This order significantly boosts BHEL's order book and reinforces its position in India's power sector.

26Mar 25

BHEL Extends Technology Collaboration with Vogt Power International for Heat Recovery Systems

Bharat Heavy Electricals Limited (BHEL) has extended its Technology Collaboration Agreement with Vogt Power International Inc. (VPI), USA, for Heat Recovery Steam Generators. This renewal aims to enhance BHEL's capabilities in power generation, support the 'Make in India' initiative, and maintain international standards. The collaboration focuses on advancing HRSG design for combined cycle and cogeneration plants, potentially strengthening BHEL's market position and technological competitiveness.

25Mar 25

BHEL Extends Technology Collaboration with Vogt Power for Heat Recovery Steam Generators

Bharat Heavy Electricals Limited (BHEL) has extended its Technology Collaboration Agreement with Vogt Power International Inc., USA for Heat Recovery Steam Generators. This renewal aims to enhance BHEL's capabilities in advanced heat recovery technologies, strengthening its position in the power generation sector. The collaboration focuses on combined cycle and cogeneration plants, aligning with India's 'Make in India' initiative. While financial terms remain confidential, the partnership is expected to boost BHEL's technological advancement and competitive edge in the market.

21Mar 25

BHEL Secures ₹7,500 Crore Order for 800 MW Power Plant in Gujarat

Bharat Heavy Electricals Limited (BHEL) has won a ₹7,500 crore order from Gujarat State Electricity Corporation Limited for an 800 MW thermal power plant in Tapi District, Gujarat. The EPC contract includes supply of equipment, erection, commissioning, and civil works. BHEL is to complete the project within 54 months. This order significantly boosts BHEL's order book and showcases its technological capabilities in large-scale power projects.

10Mar 25

BHEL Secures Legal Victory and Initiates New Arbitration Claim

BHEL wins court case against RattanIndia Power, awarded Rs. 115 crore plus interest. Initiates new arbitration claim of Rs. 283.7 crore against Fitwell Constructions. Total potential recovery amounts to Rs. 398.7 crore plus interest, potentially boosting BHEL's financial position.

10Mar 25

BHEL Secures Legal Victories: Delhi HC Upholds 1.15 Billion Rupee Award, Company Initiates New Arbitration

Bharat Heavy Electricals Limited (BHEL) has received a favorable ruling from the Delhi High Court, upholding an interim award of 1.15 billion rupees. Additionally, BHEL has initiated arbitration proceedings against Fitwell Constructions, seeking to recover 283.7 million rupees in contractual dues. These legal developments could potentially boost BHEL's financial position and demonstrate the company's commitment to recovering dues through legal channels.

07Mar 25

BHEL Secures ₹115 Crore Victory: Delhi High Court Upholds Arbitration Award Against RattanIndia Power

The Delhi High Court has upheld an interim arbitration award of ₹115 crore in favor of Bharat Heavy Electricals Limited (BHEL) against RattanIndia Power Ltd. The award, originally passed on July 27, 2017, includes an 18% per annum interest rate calculated from August 26, 2017. BHEL promptly informed stock exchanges of this development on March 7, 2025. Concurrently, BHEL has initiated separate arbitration proceedings against Fitwell Constructions for ₹28,37,37,515 in contractual dues.

07Mar 25

BHEL's Legal Victories: High Court Upholds ₹115 Crore Award Against RattanIndia Power and Initiates New Arbitration

BHEL secures a major legal victory as the High Court affirms a ₹115 crore arbitral award against RattanIndia Power. The court rejected RattanIndia's petition, upholding the validity of the arbitration process. In a separate development, BHEL has initiated new arbitration proceedings against Fitwell Constructions, claiming ₹283.7 million in contractual dues. These legal actions highlight BHEL's proactive approach in recovering dues and underscore the significance of arbitration in resolving disputes within India's power and construction sectors.

04Mar 25

BHEL Takes Legal Action Against RPCL Over ₹423.42 Crore Dispute

Bharat Heavy Electricals Limited (BHEL) has filed a writ petition in the Karnataka High Court against Raichur Power Corporation Limited (RPCL), seeking to recover ₹423.42 crore allegedly withheld by RPCL. BHEL is requesting the court to declare RPCL's withholding of funds as wrongful and direct the release of the payment. This legal action, disclosed in BHEL's regulatory filing under SEBI's LODR regulations, highlights the financial challenges faced by major infrastructure and power sector companies in securing timely payments.

21Feb 25

BHEL Faces $29.67 Million Arbitration Claim from Dipon Gulf General

Bharat Heavy Electricals Limited (BHEL) is facing arbitration proceedings initiated by Dipon Gulf General Contracting LLC, UAE at the Singapore International Arbitration Centre. The claim amounts to $29.67 million (₹246 crore) and relates to contracts for the Maitree Project in Bangladesh. Dipon Gulf alleges additional work beyond the contract scope, which BHEL denies. BHEL is preparing a counter-claim, asserting that the claims are not tenable under existing contract provisions.

18Feb 25

BHEL Faces $3.1 Million Arbitration Claim, Stock Tumbles 5.1%

Bharat Heavy Electricals Limited (BHEL) is facing arbitration claims totaling approximately $3.1 million and ₹3.79 crore from Ducon Technologies Inc. and Ducon Infratechnologies Ltd. against its Ranipet unit. The Indian Council of Arbitration has appointed an arbitrator on February 17, 2025. BHEL's stock price fell 5.1% following the news, reflecting investor concerns about potential financial and reputational implications. The company has stated it is actively defending against these claims.