PSU stock in focus after it files writ petition against RPCL for withholding ₹423 CrPSU stock in focus after it files writ petition against RPCL for withholding ₹423 Cr

Introduction:

PSU stock has filed a writ petition in the Karnataka High Court against a power corporation, seeking the release of ₹423.42 crore in withheld funds. The case, disclosed under SEBI regulations, could impact its financial position and future operations.

Share Price movement of Bharat Heavy Electricals:

On March 4, 2025, Bharat Heavy Electricals Ltd opened at ₹182.60, reaching a high of ₹191.15, up 2.81% from its previous close of ₹185.47, and a low of ₹180.80. The stock closed at ₹190.68, with a market cap of ₹66,395.98 crore.

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Bharat Heavy Electricals files writ petition:

Bharat Heavy Electricals Limited (BHEL) has filed a writ petition in the Karnataka High Court against Raichur Power Corporation Ltd. (RPCL) and others. The petition seeks a declaration that RPCL’s withholding of ₹423.42 crore is wrongful and requests the court to direct RPCL to release the payment.  

The case revolves around BHEL’s financial claim against RPCL for withheld funds. BHEL contends that the amount is lawfully due, and non-payment has resulted in financial strain. The company seeks legal intervention to secure the release of these funds and resolve the dispute.  

This legal proceeding has been disclosed under SEBI (LODR) Regulations, 2015, as it qualifies as a material event. The outcome of the case could significantly impact BHEL’s financial position, and further updates will be provided as the case progresses.

Recent news About Bharat Heavy Electricals:

On March 1st, New Delhi: Bharat Heavy Electricals Limited (BHEL) has been adjudged as the Best Public Sector Undertaking (PSU) in 3 prestigious categories—‘HR Excellence (Overall)’, ‘Best R&D Initiative’, & ‘Excellence in Learning and Development’ at the Governance Now PSU Awards 2025.

Stock performance of Bharat Heavy Electricals  for Period of 1 week, 6 months and 1 year:

Bharat Heavy Electricals stock declined 4.70% over the past week, reflecting short-term weakness. Over six months, it saw a 32.2% drop, indicating sustained market pressure. The one-year performance showed a 29.9% decline, highlighting ongoing challenges impacting investor confidence and stock stability.

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Shareholding pattern of Bharat Heavy Electricals:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	63.17	63.17	63.17
FII	7.98	9.48	9.1
DII	15.49	14.69	15.03
Retail & others	13.36	12.65	12.71

About Bharat Heavy Electricals:

Bharat Heavy Electricals Limited (BHEL) is a leading PSU engaged in power generation, transmission, and industrial infrastructure. Specializing in engineering and heavy electrical equipment, it plays a crucial role in India’s energy sector, focusing on innovation, manufacturing, and sustainable development.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.