Bharat Heavy Electricals Limited — Others, 09-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bharat Heavy Electricals Limited has received a favourable CESTAT Delhi order dismissing a service tax demand and equal penalty totaling ₹26.94 Cr related to FY 2015-16, 2016-17, and part of 2017-18. This ruling eliminates the company’s liability for this amount, easing its financial burden from past tax exposures. No penalties or restrictions were imposed, and BHEL intends to claim a refund for the pre-deposit made. This outcome improves the company’s financial health by removing a significant contingent liability.