New Delhi: Bharat Heavy Electricals Limited (BHEL) has withdrawn its acceptance of a Letter of Intent (LOI) issued by MB Power (Madhya Pradesh) Limited for the supply of key equipment for the 1x800 MW Anuppur Thermal Power Project.
Follow The PSUWatch Channel on WhatsApp
In a regulatory filing to stock exchanges, BHEL informed that the LOI, originally accepted on September 3, 2025, was contingent upon the execution of a formal contract within a stipulated timeline. However, despite multiple rounds of discussions and extensions, the contract could not be finalised in line with the agreed terms.
Follow Energy Watch on LinkedIN
Consequently, the company has withdrawn its acceptance of the LOI. BHEL also confirmed that the customer was formally notified of the withdrawal at 16:36 hours on April 17, 2026.
The scope of the proposed contract included the supply of critical equipment such as Boiler, Turbine, and Generator (BTG) for the thermal power project.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)