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With reference to the earlier announcement dated August 02, 2014 regarding AAIFR order dated July 17, 2014, Bharat Heavy Electricals has now informed that BHEL had challenged the AAIFR order at Delhi High Court. The matter was remanded by Delhi High Court to AAIFR to consider the merits of matter. AAIFR upheld the sanctioned scheme with modified payment schedule of 1997 wage arrears and rejected the contentions of appellants (BHPV Officers Association, BHPV U/V Series (Ex-Trainee) and BHPV Retired & VR Employees Welfare Society).

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharat Heavy Elect. 419.00
Zetwerk Manufactur 165.00
Thermax 2743.85
Kirloskar Industries 3408.50
Skipper 517.80
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