SEBI levies penalty of Rs 1 lakh on Bhilai Engineering Corporation

The Securities and Exchange Board of India (SEBI) has levied a penalty on Bhilai Engineering Corporation for failing to obtain SCORES authentication. SEBI has imposed a penalty of Rs 1 lakh on the company.

SCORES is the regulator's online platform designed to help investors lodge their complaints against listed companies pertaining to the securities market.

Bhilai Engineering Corporation (BEC) comprises of versatile plants with state of the art facilities that strengthen a wide span of business activities from Manufacturing, Exporting and undertaking Turnkey Projects.