Arbitral award in BHEL matter: net Rs. 1,70,78,29,532 plus interest on part of it awarded to BHEL

Arbitral Tribunal passed an award in the BHEL matter relating to the Amravati Phase-II Project.

Sat 3 Oct 2026

Net amount awarded

Rs. 1,70,78,29,532

Awarded to

BHEL

Interest component

interest on partial amount

Matter / Project

Amravati Phase-II Project

Tribunal findings

Most of BHEL's claims rejected and Company's claims allowed

What the company told the exchanges

• An Arbitral Tribunal has passed an award in the arbitration between Bharat Heavy Electricals Limited (BHEL) and the Company.
• The dispute relates to the Amravati Phase-II Project.
• The Company has disclosed this as a material event.

The money figure

• A net amount of Rs. 1,70,78,29,532, along with interest on partial amount, is awarded to BHEL.
• The same figure is also stated as the quantum of claims in the disclosure.
• The update states that most of BHEL's claims have been rejected and the claims of the Company have been allowed, and that the amount awarded to BHEL is a net figure.

What happens next, as stated

• The Company is evaluating the award in detail.
• It says various legal remedies are available, including challenging the award before the competent High Court and, if necessary, further appellate remedies before the Hon'ble Supreme Court.

How a retail investor can read this

• An arbitral award is the tribunal's decision in the arbitration. The Company has said it is evaluating it and has remedies available, so the matter is at a stage where it can be contested further.
• The amount stated is a net amount payable to BHEL, together with interest on partial amount. Interest is mentioned only for part of the amount, and no rate or period is stated in the note.
• Because the award is described as a net figure after both sides' claims, it already reflects the setting off of the claims allowed in the Company's favour.
• A quantified award of this size is a financial implication the Company is required to disclose, which is why it has been intimated to the exchanges as a material event.

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