New Delhi: Bharat Heavy Electricals Limited (BHEL) has initiated legal proceedings against Raichur Power Corporation Limited, seeking recovery of outstanding dues amounting to Rs 143.21 crore.

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According to a regulatory filing, the PSU has filed a commercial suit before the Bengaluru Commercial Court under provisions of the SEBI Regulations, 2015.

The dispute pertains to dues arising from a contract executed for supply and services related to 2x800 MW units, along with associated works, at the Yeramaras Thermal Power Station.

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BHEL stated that the legal action has been taken to recover pending payments under the contract. The development has been disclosed as a material event in regulotry filing to the stock exchnages on Friday.

Further details regarding the proceedings and responses from the defendant are awaited.

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