With Rs.2,000 cr dues pending, Bhel halts supply to projects

With outstanding payments mounting to more than Rs. 2,000 crore, state-run Bharat Heavy Electricals Ltd (Bhel) has stopped supply of equipment and services to forthcoming projects of companies such as the Abhijeet Group and the Adhunik Group. In addition, India’s largest power generation equipment manufacturer has also been regulating supplies to projects of other companies such as Visa Power Ltd and Indiabulls Power Ltd, said several Bhel executives aware of the development. Abhijeet Infrastructure Ltd, Adhunik Thermal Energy Ltd and Visa Power were named in the Comptroller and Auditor General of India report on allocation of coal blocks last year. The Central Bureau of Investigation has also charged Jas Infrastructure and Power Ltd, a subsidiary of the Abhijeet Group, JLD Yavatmal Energy Ltd and AMR Iron and Steel Pvt. Ltd in cases related to the allocations. “There are around six chronic cases. Of these, the Abhijeet Group is a habitual one. We have stopped all supplies to them,” said a top Bhel executive requesting anonymity. The group is at the centre of the controversy over alleged irregularities in the allotment of coal blocks and owes at least Rs.600 crore to Bhel. ref: http://www.livemint.com/Industry/JBNTV1WMaD4Os2tZHQ4iWP/With-2000-cr-dues-pending-Bhel-halts-supply-to-projects.html