Bharat Heavy Electricals Limited (BHEL) has formally initiated legal proceedings against Raichur Power Corporation Ltd. The company has filed a suit before the Bengaluru Commercial Court to recover outstanding dues amounting to INR 143.21 crores. The claim pertains to payments owed for the supply and services provided for the 2 X 800 MW units at the Yeramaras Thermal Power Station.
Legal Proceedings Initiated
BHEL has officially moved to the Bengaluru Commercial Court to seek the recovery of unpaid amounts linked to its power generation projects. This move marks a significant step for the company in its efforts to settle outstanding accounts associated with its infrastructure delivery at the Yeramaras Thermal Power Station.
Contractual Context
The dispute arises from a contract involving the supply of equipment and project services for the 2 X 800 MW power units. BHEL is currently seeking a recovery of INR 143.21 crores from Raichur Power Corporation Ltd. The legal action is a strategic measure taken by the management to secure the financial dues owed to the company for the work completed on this thermal power facility.
Source: BSE
