State-run engineering firm Bharat Heavy Electricals Limited (BHEL) on Wednesday, September 3, said it has accepted a letter of intent (LoI) worth approximately ₹2,600 crore, excluding GST, from MB Power (Madhya Pradesh) Limited for the supply of key equipment for its 1×800 MW Anuppur thermal power project in Madhya Pradesh.
According to the disclosure, the LoI, accepted on September 3, covers the supply of boiler, turbine, generator and associated auxiliaries along with control and instrumentation. The project will be based on supercritical technology.
The boiler will be manufactured at BHEL’s Trichy plant, while the turbine generator will be produced at the company’s Haridwar facility. The supply completion schedule has been set at 58 months.
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The order has been awarded by a domestic entity, and the contract agreement is expected to be finalised shortly. BHEL confirmed that neither the promoter, promoter group, nor group companies have any interest in MB Power.
First quarter results
BHEL reported a net loss of ₹455.4 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, BHEL posted a net loss of ₹211 crore, mainly due to higher expenses. The company’s revenue from operations increased 0.4% to ₹5,486.9 crore against ₹5,484.9 crore in the corresponding period of the preceding fiscal.
In the power sector, BHEL secured an order for the supply, erection, and commissioning supervision of six 800 MW steam turbine generators. Additionally, the company, in consortium with a global OEM, will design and execute 6,000 MW ±800 kV HVDC terminals for the Bhadla–Fatehpur transmission project.
Shares of Bharat Heavy Electricals Ltd ended at ₹216.61, up by ₹1.54 or 0.72%, on the BSE today, September 3.
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(Edited by : Shoma Bhattacharjee)
