Shares of infrastructure company GR Infraprojects declined 2% to Rs 802 on the BSE on Thursday after it issued a notice to terminate its contracts with NTPC with immediate effect for the EPC package covering the implementation of a Battery Energy Storage System (BESS) at NTPC Thermal Power Stations (Lot-1), Mouda Super Thermal Power Station.
GR Infraprojects had earlier disclosed that it signed the EPC agreement with NTPC on April 23, 2026. The company said the termination notice was issued amid continuing force majeure and war-risk circumstances, along with contractual issues arising from provisions of the agreements.
