New Delhi, Sept. 19 -- NTPC Ltd has terminated a Rs 413.37 crore contract awarded to GR Infraprojects Ltd (GRIL) for a 400 MWh Battery Energy Storage System (BESS) project at its Mouda Super Thermal Power Station in Maharashtra, citing failure to meet contractual obligations and required project progress.

According to a release by the company, the contract, awarded in March 2026, was scheduled for completion within 15 months. However, the project faced significant delays in critical activities, and GRIL failed to take the required corrective measures after NTPC issued a contractual notice, the company said in a statement.

Following the termination, NTPC has encashed available securities amounting to approximately Rs 91 crore in line wit...