Business EconomyPosted at: Sep 20 2026 4:49PM


NTPC terminates ₹413-cr Mouda BESS contract over contractor default

New Delhi, Sep 20 (UNI) NTPC Limited has terminated the contract awarded to GR Infraprojects Limited (GRIL) for setting up a 400-MWh Battery Energy Storage System (BESS) at its Mouda Super Thermal Power Station in Maharashtra, citing the contractor's failure to meet contractual obligations and achieve the required project progress.
The contract, valued at ₹413.37 crore, was awarded in March 2026, with the project scheduled for completion within 15 months in line with national energy objectives.
However, the project faced significant delays in critical activities. NTPC had issued a contractual notice to GRIL seeking immediate corrective action, but the contractor failed to undertake the required remedial measures, the company said.
Consequently, NTPC terminated the contract with immediate effect. In accordance with the contractual provisions, the company has also encashed available securities amounting to approximately ₹91 crore.
NTPC said the Mouda BESS project remains an important initiative aimed at strengthening grid flexibility and supporting the integration of renewable energy.
The company has initiated the process of re-tendering the project at the risk and cost of GRIL, as provided under the applicable contractual provisions. NTPC said it is taking measures on priority to facilitate the early re-award and timely implementation of the project.
The Mouda BESS project is part of NTPC's broader strategy to deploy battery energy storage alongside its conventional power generation assets. The company is pursuing BESS projects at multiple locations as energy storage assumes a greater role in balancing India's increasingly renewable-intensive power system.UNI AAB
Tags: #NTPC terminates ₹413-cr Mouda BESS contract over contractor default
More News

Vedanta Aluminium emerges as India's second-largest SEZ goods exporter

21 Sep 2026 | 6:52 PM

Bhubaneswar, Sep 21 (UNI) Vedanta Aluminium, India’s largest aluminium producer, has emerged as the country’s second-largest exporter of goods from Special Economic Zones (SEZs), with its Jharsuguda-based SEZ in Odisha contributing USD 3.5 billion in exports during 2025-26.

see more..

India-Canada CEPA talks accelerate, fifth round to begin on Oct 5: Piyush Goyal

21 Sep 2026 | 6:45 PM

New Delhi, Sep 21 (UNI) Negotiations between India and Canada for a Comprehensive Economic Partnership Agreement (CEPA) are moving at a faster pace, with the fifth round of talks scheduled to begin on October 5, Commerce and Industry Minister Piyush Goyal said on Monday.

see more..

Stock market closes high with Sensex over 560 points amid cooling oil prices

21 Sep 2026 | 6:32 PM

New Delhi, Sep 21 (UNI) The Indian stock market ended higher on Monday amid cooling crude oil prices and bond yields, which also spurred risk-on sentiment on Dalal Street.

see more..

ONGC strikes gas in deepwater well off Odisha coast

21 Sep 2026 | 6:27 PM

Bhubaneswar, Sep 21 (UNI) State-owned ONGC has struck gas at a deepwater well in the Mahanadi Offshore Basin, about 43 km off Odisha’s Konark coast, as part of its Samudra Manthan exploration campaign, the company said on Monday.

see more..

21 Sep 2026 | 6:00 PM

New Delhi, Sep 21 (UNI) Nearly 40% of India's coal-fired power plants are operating with critically low fuel stocks, as electricity demand remains elevated amid hotter-than-usual weather conditions, according to government data released on Monday.
The number of power plants with critically low coal inventories rose to 74 as of September 19, up from around 60 a week earlier, data from the Central Electricity Authority (CEA) showed.

see more..