NSE/BSE Codes: 533122 (BSE: RTNPOWER/EQ)

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure of a material event pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns an arbitral award rendered in a matter involving the company.

Involved Parties / Authorities:

  • Opposing Party: Bharat Heavy Electricals Limited (BHEL)
  • Adjudicating Authority: An Arbitral Tribunal
  • Regulatory Authority: Securities and Exchange Board of India (SEBI), BSE Limited, National Stock Exchange of India Limited

Date / Timeline of Event:

  • Date of Announcement: October 03, 2026
  • Date of Award: Not explicitly stated in the disclosure (award recently rendered)
  • Filing Reference: Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026

Brief Description of Outcome / Dispute:

An Arbitral Tribunal has passed an award in the matter of arbitration between Bharat Heavy Electricals Limited (BHEL) and RattanIndia Power Limited. The dispute relates to the Amravati Phase-II Project. Although most of BHEL's claims were rejected and the company's (RattanIndia Power's) claims were allowed, the tribunal awarded a net amount to BHEL.

Impact of Outcome:

Financial Impact:

A net amount of Rs. 1,70,78,29,532 (One Hundred Seventy Crore Seventy Eight Lakh Twenty Nine Thousand Five Hundred Thirty Two Rupees) has been awarded to BHEL. This amount is to be paid along with interest on a partial amount. The exact interest rate and calculation period are not specified in the disclosure. This liability will directly impact the company's financial statements for the period in which it is recognized.

Operational / Business / Strategic Impact:

No specific operational, business, or strategic impacts are detailed in the disclosure beyond the financial obligation.

Other Implications:

The disclosure is a mandatory regulatory requirement, ensuring transparency for investors. The outcome represents a resolved contractual dispute, though it results in a significant financial liability for the company.

Next Steps / Required Actions:

The company is currently evaluating the award in detail. It has stated that various legal remedies are available, including challenging the award before the competent High Court. If necessary, further appellate remedies are available before the Hon'ble Supreme Court of India. The company has not yet indicated a definitive course of action.