BHEL receives GST show cause notice for Rs 586.43 crore

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BHEL · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹234.25

prior close

₹241.11

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%+1.6% vs market

Heavy Electrical Equipment peers, median of 27sector+0.3%+1.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Midcap 150 and 1.3 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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Reaction day

+1.6+0.0+1.6+0.3+1.3

Next day

+2.3-0.6+2.9-0.9+3.2

+1.6-0.8+2.5-1.7+3.4

+0.7-1.7+2.5-2.6+3.3

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15d

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+23.4+2.4+21.1-7.8+31.2

+17.7+1.1+16.5-14.4+32.0

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BHEL received a show cause notice from Telangana GST authorities concerning GST annual returns and financial statements for FY 2021-22 to FY 2023-24. The amounts cited are Rs 184.55 crore, Rs 207.26 crore and Rs 194.62 crore, totalling Rs 586.43 crore. No final order or penalty has been issued, so the financial impact cannot be quantified. BHEL considers the issues generic and not tenable and is preparing a response.

Likely market impact

No penalty has been imposed. A final GST order could create a financial burden and negatively affect the stock, but the outcome is uncertain while BHEL responds.