BHEL Withdraws Acceptance to LOI for 1x800 MW Anuppur Thermal Power Project
BHEL has withdrawn its acceptance of a Letter of Intent (LOI) from MB Power for the 1x800 MW Anuppur Thermal Power Project. The withdrawal is due to the inability to finalize a formal contract within the agreed timeline. The company communicated this on April 17, 2026.
The withdrawal of an LOI for a major power project could impact BHEL's order book and revenue projections, though the full extent of the impact is not immediately clear.
The company withdrew its acceptance of a Letter of Intent, indicating a potential loss of a significant contract or project, which is negative for business prospects.
Bharat Heavy Electricals Limited (BHEL) has withdrawn its acceptance of a Letter of Intent (LOI) from MB Power (Madhya Pradesh) Limited for the supply of equipment (Boiler, Turbine, Generator) for the 1x800 MW Anuppur Thermal Power Project.
This withdrawal follows the inability to execute a formal contract within the agreed timeline, despite multiple discussions and extensions. BHEL had initially accepted the LOI on 03.09.2025.
The company informed MB Power (Madhya Pradesh) Limited of this withdrawal on 17.04.2026 at 16:36 hrs.
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Bharat Heavy Electricals Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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