Bharat Heavy Electricals Limited — Others, 07-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
07-03-2025 | 04:33 pm
07-03-2025 | 04:33 pm
Bharat Heavy Electricals Ltd. (BHEL) has announced that the Hon’ble High Court of Delhi has upheld an Interim Award in favor of the company for ₹115 crore, with interest at 18% per annum from 30 days post-award date (July 27, 2017) against RattanIndia Power Ltd. This ruling reinforces BHEL's position and may enhance its financial standing, potentially strengthening investor confidence. The favorable judgment is expected to mitigate risk and improve cash flow outlook, as BHEL seeks to recover amounts owed, reflecting a positive sentiment in the market.
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