Bharat Heavy Electricals Limited has announced the appointment of Ms. Aruna Gulati as General Manager & Head of Solar Business Division (SBD), Bengaluru, effective from April 25, 2026. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 regarding changes in senior management.

Ms. Gulati has been appointed as the new Head of Solar Business Division (SBD), Bengaluru, and will report to the Director (IS & P). She brings extensive experience to the role, having served the organization for 35 years.

Brief Profile

The appointment has been communicated to both BSE Limited, Mumbai, and National Stock Exchange of India Ltd., Mumbai for information and record purposes. The official notification was signed by Jaya Mitra, Manager, Corporate Communication, on behalf of Bharat Heavy Electricals Limited.

Bharat Heavy Electricals Limited (BHEL) has officially withdrawn its acceptance of the Letter of Intent from MB Power (Madhya Pradesh) Limited for a major thermal power project. The company informed stock exchanges about this significant development in its project portfolio under regulatory compliance requirements.

Project Details and Timeline

The withdrawn project involves the supply of equipment including Boiler, Turbine, and Generator for the 1x800 MW Anuppur Thermal Power Project in Madhya Pradesh. BHEL had originally accepted the Letter of Intent on 03.09.2025, as previously disclosed to SEBI under regulatory requirements.

Regulatory Compliance and Reasons

The withdrawal was communicated to BSE Limited and National Stock Exchange of India under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the official filing, the Letter of Intent was subject to execution of a formal contract within an agreed timeline. Despite multiple discussions and extensions, the contract could not be executed as per the terms of the LOI, leading to the withdrawal. BHEL informed the customer about the withdrawal at 1636 hrs on 17.04.2026.

Strategic Implications

This development represents a significant change in BHEL's order book prospects in the thermal power segment. The withdrawal affects what would have been a substantial equipment supply contract for the company. The decision reflects the challenges in contract finalization and execution timelines in the power sector, where projects often face delays due to various commercial and technical considerations.

Corporate Communication

The official communication was signed by Jaya Mitra, Manager, Corporate Communication, ensuring proper regulatory disclosure as required under SEBI guidelines. This withdrawal highlights the complexities involved in large-scale power project implementations and contract negotiations in the thermal power sector.