G R Infraprojects Terminates Rs413 Crore NTPC BESS Contract Citing Force Majeure And War Risk
India, Sept. 17 -- India's EPC sector runs on long-dated, fixed-scope contracts signed years before delivery, which makes force majeure and war-risk clauses far more than legal boilerplate they are the mechanism contractors lean on when global supply chains, insurance costs or geopolitical conditions shift underneath a project after the ink is dry. That tension between locked-in contract terms and a changing external environment sits at the heart of G R Infraprojects' latest disclosure.
Shares of G R Infraprojects Ltd. were trading at Rs. 830.20, up 1.34 percent from previous close of Rs. 819.05. The stock opened at Rs. 805.90, reaching an intraday high of Rs. 832.65 and low of Rs. 792.00. The company currently has a market capitalizati...
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