GR Infraprojects Ltd. saw its BSE listing end at ₹830.50, a rise of ₹10.85 or 1.32%, following a notice that NTPC had invoked a ₹90.87 crore security package.
NTPC’s communication detailed a mobilisation‑advance bank guarantee of ₹49.53 crore issued by HDFC Bank and three performance surety bonds totalling ₹41.34 crore from Bajaj General Insurance.
The company had issued a termination notice on 15 September 2026 for the EPC contracts related to battery‑energy storage at NTPC thermal stations, citing force‑majeure, war‑risk and contractual issues.
GR Infraprojects emphasises the invocation will only affect the amounts encashed or paid, and that there is no material impact on its ongoing operations or order‑inflow target of ₹20,000 crore.
While the immediate share‑price lift reflects market reassurance, the firm is actively evaluating dispute‑resolution mechanisms under the contract and the legal remedies available.
Investors will watch for the company’s next earnings release to gauge the long‑term financial exposure arising from the cancelled EPC work.