PSU stock in News: BHEL shares declines over 5% as firm faces arbitration challenge by Ducon Tech, USA

Government-backed electrical industry, Bharat Heavy Electricals Limited (BHEL) shares faced strong volatility on Tuesday, February 18, 2025, as the stock price dropped as much as 5.09% to hit a fresh 52-week low of Rs 183.60 per share. 

The downfall in the BHEL share price is attributed to the company announcing that arbitration has been initiated against the company for a claim and interest by Ducon Technologies Inc., USA.

As per the exchange filing, “BHEL-BAP Ranipet hereby intimate that a claim of $30,89,179.05 & Rs 3,78,64,057.80, respectively, plus interest has been made by Ducon Technologies Inc., USA and Ducon Infratechnologies, (formerly known as Ducon Technologies (I)), Thane, India, against BAP-Ranipet and an arbitrator has been appointed on February 17, 2025 by Indian Council of Arbitration (ICA), New Delhi and the same is being defended by BHEL.”

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The market capitalization of the company is Rs 64,157, as reported by BSE. The company falls under the BSE 200 category. The 52-week high for BHEL stock is Rs 335.40 per share, while its 52-week low is Rs 183.60.

Currently, the shares are trading 4.76% lower at Rs 184.25 per share. The stock's performance over the past year has been challenging, with a decline of 18.33%, contrasting sharply with the Sensex, which has gained 4.61% during the same period.

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