New Delhi, September 19, 2026 (Yes Punjab News)
State-run power major NTPC has terminated a Rs 413.37-crore contract awarded to GR Infraprojects Ltd (GRIL) for a 400-megawatt-hour Battery Energy Storage System (BESS) project at the Mouda Super Thermal Power Station in Maharashtra.
According to NTPC, the contract was terminated due to failure to meet contractual obligations and achieve the required project progress. The contract was awarded in March and the project was scheduled for completion within 15 months.
NTPC said the project witnessed significant delays in critical activities despite repeated engagements with the contractor. The company had also issued a contractual notice directing GRIL to take immediate corrective measures to address the shortcomings.
However, the required remedial actions were not undertaken, prompting NTPC to terminate the contract with immediate effect.
The company said it has encashed available performance and other securities amounting to around Rs 91 crore in accordance with the contractual provisions.
NTPC has also initiated the process of re-tendering the project at the risk and cost of GRIL, as permitted under the contract. The company said steps are being taken on priority to enable an early re-award and ensure timely implementation of the strategically important project.
The Mouda BESS project is part of NTPC’s broader efforts to deploy utility-scale battery energy storage systems alongside its conventional generation assets. The project is aimed at strengthening grid flexibility and supporting the integration of renewable energy into India’s power system.
Meanwhile, shares of NTPC ended at Rs 324 on Friday, down 1.62 per cent. The stock has touched a 52-week high of Rs 414.40 and a 52-week low of Rs 315.55.
Over the last five years, NTPC shares have gained more than 150 per cent.
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