RattanIndia Power faces Rs 170.78 cr net arbitration award to BHEL

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RTNPOWER · price

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

-0.9%Reaction day

₹6.77

prior close

₹6.74

announcement price

After-mkt

timing

Nifty Microcap 250market+0.0%-0.9% vs market

Power Generation peers, median of 28sector+0.4%-1.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.3 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+0.1

15m

+0.7

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9+0.0-0.9+0.4-1.3

Next day

+0.1+1.3-1.2+1.2-1.0

-0.7+1.1-1.8+0.2-0.9

-5.2-1.7-3.5-2.1-3.1

-3.1-1.4-1.7-1.5-1.6

-1.8-0.6-1.2-1.8-0.0

-1.8+0.3-2.0-0.1-1.7

15d

-9.3-6.1-3.2-6.3-3.0

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UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 28Pending

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

AI summary

An Arbitral Tribunal passed an award in BHEL's arbitration against RattanIndia Power regarding the Amravati Phase-II Project. Most of BHEL's claims were rejected and RattanIndia's counterclaims were allowed, but a net amount of Rs 170.78 crore along with interest on partial amount was awarded to BHEL. The company is evaluating the award and plans to challenge it before the High Court and Supreme Court if needed.

Likely market impact

Net liability of about Rs 170.78 cr plus interest, though company plans to appeal. Near-term financial pressure likely.