Bharat Heavy Electricals Limited has informed the Exchange about Action(s) initiated or orders passed
BHEL · price
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On the reaction day the stock moved 2.2 pts more than Nifty Midcap 150 and 2.9 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BHEL has won a GST appeal against an earlier demand order. The Commissioner (Appeals) of Customs & Central Tax in Hyderabad allowed BHEL's appeal and set aside a total demand of about Rs. 19.57 crore (Rs. 10.76 crore principal, Rs. 7.74 crore interest, Rs. 1.07 crore penalty) related to a mismatch of GST credit claimed in returns versus what was available on the GST portal for FY 2020-21. The original unfavourable order was reported to the stock exchanges on March 29, 2025, and the favourable appeal order was dated September 17, 2025. The company has stated there is no financial or operational impact from this outcome, as the matter has been fully resolved in its favour.
This is a positive development for BHEL shareholders, as the company has successfully avoided a tax liability of nearly Rs. 19.57 crore. It removes a previously disclosed overhang and reinforces that the original demand was not sustainable, though the cash flow benefit was already indirect since the amount had not yet been paid.