Mitsubishi agrees to pay NTPC Rs 851 crore to exit Farakka project

Mitsubishi is nearing an exit from NTPC's Farakka power project. The Japanese firm will compensate NTPC with ₹851 crore for the project. This agreement follows earlier compensation demands and offers between the two companies. Significant work remains incomplete on the flue gas desulphurisation equipment installation. The project was initially estimated at ₹1,000 crore when awarded six years ago.