NTPC Terminates Rs 400 Crore Storage Project Awarded To GR Infraprojects
NTPC secured new business.
19 Sept 2026 · NDTV Profit
NTPC said it has terminated a contract awarded to GR Infraprojects for a 400-MWh Battery Energy Storage System (BESS) project at Mouda Super Thermal Power Station in Maharashtra.
The analysis
NTPC reported Rs 400 Crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.4% on the day at ₹317.00, and has returned -10.3% over three months. It sits 23% below its 52-week high. The power sector has moved -16.4% over the same period, so NTPC is running 6.0 points ahead of its peers.
For NTPC, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- A large order lengthens revenue visibility, which is what the market pays a premium for in capital-goods and infra names.
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- The company directly in focus is NTPC.
- Sector exposure: Power.
In this story
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