Award3 Oct 2026, 05:10 pm
RattanIndia Power Awarded ₹170.78 Cr Against BHEL
AI Summary
RattanIndia Power Ltd has announced that an Arbitral Tribunal has rendered an award in its matter with Bharat Heavy Electricals Limited (BHEL) concerning the Amravati Phase-II Project. While most of BHEL's claims were rejected and RattanIndia Power's claims were allowed, a net amount of ₹1,70,78,29,532 along with interest on a partial amount has been awarded to BHEL. The company is currently evaluating the award and exploring legal remedies, including challenging it before the High Court and potentially the Supreme Court. The details of the dispute and the award are enclosed as Annexure-A.
Key Highlights
- Arbitral Tribunal issued an award in the BHEL arbitration case.
- RattanIndia Power awarded net amount of ₹170.78 Cr to BHEL.
- Company is evaluating award and legal remedies.
- Legal options include challenging the award in High Court and Supreme Court.
Price Impact
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