Business Update16 Sept 2026, 07:20 pm
G R Infraprojects Terminates NTPC Contract
AI Summary
G R Infraprojects Ltd has issued a notice of termination to NTPC Limited for the EPC Agreement related to BESS Implementation at Mouda Super Thermal Power Station. The termination is effective immediately and is attributed to continuing Force Majeure and War Risk circumstances, along with contractual issues. The company has initiated the dispute resolution process and is currently assessing the financial impact of this termination.
Key Highlights
- G R Infraprojects terminated EPC contract with NTPC Limited.
- Termination due to Force Majeure and contractual issues.
- Dispute resolution mechanism invoked by the company.
- Financial impact of termination is under assessment.
Price Impact
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