Deals17 Apr 2026, 05:56 pm
BHEL withdraws LOI acceptance for 1x800 MW Anuppur Power Project
AI Summary
Bharat Heavy Electricals Limited (BHEL) has withdrawn its acceptance of a Letter of Intent (LOI) from MB Power (Madhya Pradesh) Limited. The LOI, originally accepted on September 3, 2025, was for the supply of equipment, including Boiler, Turbine, and Generator, for the 1x800 MW Anuppur Thermal Power Project. The withdrawal stems from the inability to execute a formal contract within the agreed timeline, despite multiple discussions and extensions. BHEL informed the customer of the withdrawal on April 17, 2026, indicating the non-materialization of this potential order.
Key Highlights
- BHEL withdrew acceptance of an LOI from MB Power.
- LOI was for 1x800 MW Anuppur Thermal Power Project equipment.
- Formal contract could not be executed within agreed timelines.
- Withdrawal impacts BHEL's potential order book.