NTPC terminates ₹413 crore battery storage contract with GR Infra
pre-market1 source ↓written by the desknot a recommendation
- at the Mouda
- 400-megawatt-hour Battery Energy Storage System
State-run power major NTPC has terminated a ₹413.37 cr contract with GR Infraprojects for a 400-megawatt-hour Battery Energy Storage System at the Mouda Super Thermal Power Station. The decision follows failure to meet contractual obligations and significant delays in project progress despite multiple engagements with the contractor. This termination impacts NTPC's strategy to enhance grid flexibility and renewable energy integration.
Not investment advice. For informational purposes only.