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Bharat Heavy Electricals Limited (BHEL) has secured a significant ₹2600 crore (excluding GST) Letter of Intent (LOI) from MB Power (Madhya Pradesh) Limited for the supply of critical equipment for a new thermal power project.
This positive development saw BHEL’s shares respond favourably, closing up by 0.72% on the day the LOI was accepted.
The LOI, accepted on 3rd September 2025, tasks BHEL with supplying key equipment for the 1×800 MW Anuppur Thermal Power Project, located in Madhya Pradesh. The project will utilise supercritical technology, an advanced and efficient method for power generation.
Under the terms of the LOI, BHEL will provide the Boiler, Turbine, Generator, and associated auxiliaries, along with control and instrumentation.
The manufacturing of these vital components will be split between BHEL’s prominent facilities, with the Boiler to be produced at its Trichy plant and the Turbine Generator at its Haridwar plant.
This is a domestic order awarded by a domestic entity, confirming its significance within the Indian power sector.
The supply completion for this substantial order is scheduled for 58 months. While the Letter of Intent has been accepted, a formal contract agreement is expected to be finalised shortly.
Importantly, the transaction is not classified as a related party transaction, ensuring an “arms length” business relationship.
On the day of the announcement, 3rd September 2025, BHEL’s equity shares (INE257A01026) were trading at ₹216.61, reflecting a positive increase of ₹1.54 (0.72%) as of 16:00:00 IST.
BHEL’s Regulatery fillings:
The acceptance of this Letter of Intent was communicated by Sayed Salahuddin, Manager of Corporate Communication at BHEL.
This disclosure was made under the reference CC/MISC/2025-26/26. It was provided for the information and records of BSE Limited and National Stock Exchange of India Ltd., Mumbai.
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