BHEL Withdraws LOI Acceptance for Anuppur 800 MW Thermal Power Project in Madhya Pradesh
Bhopal: Bharat Heavy Electricals Limited has withdrawn its earlier acceptance of a Letter of Intent (LoI) related to a major thermal power equipment contract.
The company informed stock exchanges that the withdrawal pertains to the supply of Boiler, Turbine, and Generator (BTG) equipment for the 1×800 MW Anuppur Thermal Power Project of MB Power Madhya Pradesh Limited.
Background of the Contract
Earlier, BHEL had accepted the LoI issued by MB Power for the project. However, the acceptance was subject to the execution of a formal contract within a stipulated timeline.
Despite multiple rounds of discussions and extensions, the formal agreement could not be finalized.
Reason for Withdrawal
According to BHEL’s disclosure:
- The LoI required a signed contract within agreed timelines
- The contract execution did not materialize despite extensions
- As a result, BHEL formally withdrew its acceptance of the LoI on 17 April 2026
The company also informed the client of this withdrawal at 16:36 hrs on the same day.
Regulatory Disclosure
The update was submitted under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material corporate actions to stock exchanges.
Impact
The development indicates:
- No finalized contractual obligation between the parties
- Closure of BHEL’s engagement in this specific project phase
- Continued procedural importance of formal contract execution in large infrastructure deals