In continuation to our earlier letter dated 14.08.2023 and in compliance to Regulation 30 of SEBI LODR, disclosure regarding arbitral award pronounced by AT in the matter of M/s BGS-SGS ....
REGULATORY
▲ Positive Development
LOW RISK
📅 Filed on BSE: 02 Sep 2026, 06:08 PM IST · BSE ID: 3cfdab5d-fee4-44c4-a5c8-60648bafc3c6
View Original BSE Filing (PDF)
💡
In Simple Terms
NHPC received an arbitral award of approximately INR 392 Crore for a project, which is recoverable through energy tariffs.
🤖 AI Summary
- Arbitral Tribunal awarded INR 3,92,31,46,740/- and Euro 15,36,530/- to NHPC.
- Award is for construction of diversion tunnels and coffer dams for Subansiri project.
- Claimed amount was INR 7,96,86,70,978/- and Euro 28,76,497.44/-.
- Awarded amount is allowable as project cost and recoverable via tariff.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Awarded Amount (INR)
3,92,31,46,740/-
Awarded Amount (Euro)
15,36,530/-
Claimed Amount (INR)
7,96,86,70,978/-
Claimed Amount (Euro)
28,76,497.44/-
🏢 How This Affects the Company
The outcome of this arbitration impacts the final cost recognition for the Subansiri Lower HE project, influencing its project economics.
The awarded amount, including interest, is deemed allowable as project cost and is recoverable through tariff, providing clarity on financial recovery.
This award concludes a significant arbitration matter, reducing legal and financial uncertainty associated with the Subansiri project's cost claims.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this disclosure.
👤
Who Is Affected
All shareholders are affected by the clarity this award provides on project cost recovery and financial implications.
🔍
Management Signal
Management's proactive disclosure highlights adherence to regulatory requirements and transparency in material litigation matters.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Confirmation of tariff adjustment based on awarded amount.
Project completion updates for Subansiri Lower HE project.
Future disclosures on any legal challenges to the award.
LOW RISK
Arbitration award pronounced and declared recoverable, reducing material litigation risk.
💡 Investor Takeaway
NHPC Ltd's Subansiri project arbitration award is INR 3,92,31,46,740/- plus Euro 15,36,530/-, deemed allowable as project cost and recoverable via tariff.
⚖️ Strengths & Concerns
✅ Positives
- Arbitral Tribunal awarded INR 3,92,31,46,740/- and Euro 15,36,530/- for the Subansiri project construction.
- Awarded amount is allowable as project cost and recoverable through tariff as per CERC regulations.
⚠️ Concerns
- The awarded amount is INR 3,92,31,46,740/-, which is less than the claimed INR 7,96,86,70,978/-.
- Interest on the principal amount was awarded at 10% from September 9, 2021, to August 31, 2026.
❓ Frequently Asked Questions
What is the total arbitral award amount for NHPC Ltd in this matter?
The arbitral award is INR 3,92,31,46,740/- plus Euro 15,36,530/-.
What was the claimed amount in the arbitration case involving NHPC?
The claimed amount was INR 7,96,86,70,978/- plus Euro 28,76,497.44/-.
Can the awarded amount be recovered by NHPC?
Yes, the awarded amount is allowable as project cost and recoverable through tariff as per CERC regulations.
For which project was the arbitral award pronounced?
The award pertains to the construction of diversion tunnels, coffer dams, etc., for the Subansiri Lower HE project.
Questions based on this BSE filing only. For information purposes.