GR Infraprojects shares drop 2% after terminating contract with NTPC. Here’s why

Shares of GR Infraprojects fell 2% after the company issued a notice to terminate its contracts with NTPC for a Battery Energy Storage System project at Mouda Super Thermal Power Station. The termination follows continuing force majeure and war-risk circumstances, along with contractual issues. GR Infraprojects has invoked the dispute resolution mechanism and is assessing the financial impact of the move.