Arbitration initiated against BHEL

BHEL-BAP Ranipet hereby intimate that a claim of USD: 30,89,179.05 & Rs. 3,78,64,057.80 respectively plus interest has been made by M/s DUCON TECHNOLOGIES INC., USA and M/s DUCON INFRATECHNOLOGIES LTD, (Formerly known as Ducon Technologies (I) Pvt. Ltd.), Thane, India, against BAP-Ranipet and an arbitrator has been appointed on 17.02.2025 by Indian Council of Arbitration (ICA), New Delhi and the same is being defended by BHEL.

Shares of Bharat Heavy Electricals Limited was last trading in BSE at Rs. 186.50 as compared to the previous close of Rs. 193.45. The total number of shares traded during the day was 903778 in over 8319 trades.

The stock hit an intraday high of Rs. 194.55 and intraday low of 183.60. The net turnover during the day was Rs. 169264640.00.

Source : Equity Bulls

Keywords

BharatHeavyElectricals INE257A01026 BHEL Arbitration DuconInfratechnologies