Authorities firm Bharat Heavy Electricals Restricted (BHEL) has filed a business case in opposition to Karnataka Energy Company Restricted (KPCL). This case is about BHEL’s excellent quantity of Rs 542.14 crore. The corporate has advised the inventory markets that the case has been registered earlier than the Bengaluru Metropolis Civil and Periods Choose. It’s related to KPCL to pay arrears underneath engineering, procurement and development (EPC) contract for a unit of Bellary thermal energy station. Other than this, no different particulars associated to the case have been given within the alternate submitting. This authorized motion displays the efforts of BHEL to make sure well timed fee between ongoing enterprise operations and shield their monetary pursuits. Traders of each BHEL and KPCL can intently monitor additional occasions within the stakeholder case. BHEL shares jumped 20 p.c in a month, the information associated to the BHEL’s inventory on BSE on March 28 closed at Rs 216.05 with a acquire of about 1 p.c. The corporate’s market cap is Rs 75200 crore. By the top of December 2024, promoters had 63.17 p.c stake in it. The inventory has come down 24 p.c within the final 6 months. On the similar time, it has climbed 20 p.c in a month. It has gained 11 p.c in solely 2 weeks. Bulk & Block Offers: ZOMATO and HAL purchased thousands and thousands of shares, these firms have additionally acquired a giant offers in these firms, the Ordark Firm of Rs 11,800 crore has just lately acquired the Chhattisgarh State Energy Technology Firm Restricted (CSPGCL) to Korba West in Korba West of Korba West in Korba West in Korba West in Korba West of Korba district of the state. Order has been obtained for the EPC bundle of the MW Tremendous Kritical Thermal Energy Plant. Order is for supercruitical equipment- provide of boilers, generators, turbines and related ougglery and electrical packages for electrical, C&I, steadiness work. Other than this, erections and commissioning work, civil work are additionally included underneath the order. It’s to be executed inside 60 months. The worth of the order is Rs 11,800 crore.
