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

As reported by Stocks-Markets-Economic Times
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.
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