Bharat Heavy Electricals Limited (BHEL) saw its stock drop 5%, hitting a 52-week low, as it faces a major arbitration claim. The claim, totaling USD 30.89 million and INR 3 crore, is made by Ducon Technologies Inc. and Ducon Infratechnologies Ltd. The dispute centers around the BAP Ranipet unit.
On February 17, 2025, the Indian Council of Arbitration appointed an arbitrator to resolve the issue. BHEL is working to address the claim and secure a fair resolution.
BHEL shares opened at ₹193.55, with a high of ₹194.50 and a low of ₹183.57. The stock hits its 52-week low of ₹183.57, with the highest recorded value over the past year reaching ₹335.35.
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