Hon'ble Arbitral Tribunal at Chennai in the case of disputes between the Company and Elecon Engineering Limited has passed five awards against the Company aggregating to Rs. 37.57 Crores plus interest from the date of award till their realization. The said award has been received yesterday.
The Company is in consultation with legal counsels on next course of action and the Company would deal with these awards within time permissible as per law based on legal advice.
Shares of BGR ENERGY SYSTEMS LTD. was last trading in BSE at Rs.33.1 as compared to the previous close of Rs. 33.05. The total number of shares traded during the day was 4965 in over 51 trades.
The stock hit an intraday high of Rs. 34 and intraday low of 33.1. The net turnover during the day was Rs. 167260.