On July 6, Shanghai Electric rose 3.17% in regular trading, trading at HKD 3.58 per share, with turnover of HKD 15.8 million. The stock benefited from a broad rally in the heavy electrical equipment sector combined with a favorable arbitration ruling on its India project.

On the sector front, heavy electrical equipment stocks surged collectively, with Dongfang Electric up 12.24% and Harbin Electric up 8.52%, creating significant sector linkage. At the company level, Shanghai Electric recently received a ruling from the Singapore International Arbitration Centre regarding the second arbitration of the India Sasan coal-fired power project. The tribunal dismissed all substantive claims filed by Oxagon Enterprises Limited. The first arbitration ruling had already taken effect, with Reliance's application for annulment also rejected, substantially resolving years of cross-border legal risk for the company.

While the tribunal ordered Shanghai Electric to pay approximately USD 1.3 million in legal and expert fees to Oxagon, the overall outcome represents a decisive legal victory that removes a longstanding overhang on the company's operations.

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