NSE/BSE Codes: BSE Scrip Code 544678, NSE ISIN INE05XR01022

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding ongoing litigation that has become material. The matter pertains to a contractual dispute arising from a project contract.

Involved Parties / Authorities:

  • Bharat Coking Coal Limited (BCCL): Company involved in the dispute
  • AT-Libra BPL (JV): Project-specific Joint Venture, counterparty in the contract
  • Supreme Court of India: Highest judicial authority that issued the final order
  • High Court of Jharkhand: Appellate court that affirmed the lower court decision
  • Commercial Court, Dhanbad: Original court that passed the decree

Date / Timeline of Event:

  • Contract Date: Notice Inviting Tender dated 27.12.2010
  • Commercial Court Order: 08.05.2023 (decree passed)
  • High Court Order: 08.08.2024 (Commercial Appeal No. 18 of 2023)
  • Supreme Court Order: 08.10.2026 (CA No. 1629/2026)
  • Disclosure Date: 14.10.2026

Brief Description of Outcome / Dispute:

The dispute arises from a contract awarded to AT-Libra BPL (JV) for hiring of Heavy Earth Moving Machinery (HEMM) for removal and rehandling of overburden and transportation of coal at Golukdih NC Project, Dhanbad. The Supreme Court dismissed BCCL's petition against the High Court order, which had affirmed the Commercial Court's decree directing BCCL to pay ₹46.20 crore.

Impact of Outcome:

Financial Impact:

  • Direct financial liability: ₹46.20 crore principal amount
  • Additional interest liability: 10.5% per annum from the date determined by the courts
  • The amount represents a material financial obligation for the company

Operational / Business / Strategic Impact:

  • The dispute relates to core mining operations involving heavy earth moving machinery
  • Potential impact on future contracting and procurement practices
  • May affect relationships with contractors and joint venture partners

Next Steps / Required Actions:

  • Company has been advised by its conducting counsel to file a Review Petition against the Supreme Court order
  • Further developments will be intimated in accordance with applicable regulatory requirements
  • Ongoing compliance with SEBI Listing Regulations disclosure requirements