GR Infraprojects Limited has officially executed an Engineering, Procurement and Construction (EPC) agreement with NTPC Limited for a Battery Energy Storage System (BESS) implementation project valued at ₹413.37 crores. The agreement was signed on 23rd April 2026, marking a significant milestone in the company's renewable energy infrastructure portfolio.

Regulatory Disclosure and Official Announcement

The company formally disclosed the contract execution to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official communication was signed by Company Secretary Sudhir Mutha and filed with both exchanges on the same day as the agreement execution.

Project Specifications and Contract Details

The EPC contract covers the "EPC Package for BESS Implementation at NTPC Thermal Power Stations (Lot-1); Mouda Super Thermal Power Station (Mouda)". This comprehensive project encompasses complete engineering, procurement, and construction responsibilities for the battery energy storage facility at NTPC's thermal power station.

Strategic Partnership with NTPC

The collaboration with NTPC Limited, India's largest power generation company, represents a significant business development for GR Infraprojects. This partnership demonstrates the company's technical capabilities and competitive positioning in executing large-scale energy storage projects for major power sector clients.

The BESS implementation at NTPC's Mouda Super Thermal Power Station will contribute to grid stability and enhance the integration of renewable energy sources. Battery Energy Storage Systems play a crucial role in modern power infrastructure by providing grid balancing services and supporting the transition to cleaner energy systems.

Business Impact and Corporate Governance

The ₹413.37 crore contract value represents a substantial addition to GR Infraprojects' order book and revenue pipeline. With a completion timeline of 15 months from the appointed date, the project is expected to contribute significantly to the company's financial performance over the execution period.

This EPC agreement reinforces GR Infraprojects' growing presence in the renewable energy infrastructure segment and its ability to secure contracts from premier public sector enterprises. The successful execution of this BESS project could position the company for additional opportunities in the expanding energy storage market.

Source: None/Company/INE201P01022/1243b233e38745fa.pdf

GR Infraprojects Limited has executed a major Engineering, Procurement and Construction (EPC) Agreement with West Central Railway for a railway infrastructure project valued at ₹1,897.51 crore in Madhya Pradesh. The agreement was formally executed on April 2nd, 2026, as announced by the company under Regulation 30 of SEBI listing requirements.

Project Specifications

The comprehensive railway project involves the construction of a new railway line from Km 124/400 to 165/380 between Bahari and Gondawali stations as part of the Sidhi-Singrauli new rail link project. The scope encompasses extensive infrastructure development including earthwork, bridges of various categories, station buildings, tunnels, and track work.

Comprehensive Project Scope

The EPC agreement covers multiple critical infrastructure components essential for railway operations. The project includes earthwork operations, construction of minor bridges, major bridges, important bridges, viaducts, and RCC box type Road Over Bridges (ROB). Additionally, the scope encompasses Road Under Bridges/Level Crossing structures, station building construction, tunnel development, and complete track work installation.

Strategic Impact

This substantial contract reinforces GR Infraprojects' strong positioning in India's railway infrastructure sector and demonstrates its capability to execute large-scale government projects. The Sidhi-Singrauli rail link project represents a significant infrastructure development initiative that will enhance connectivity in Madhya Pradesh.

The 900-day completion timeline reflects the comprehensive nature of the project, requiring coordinated execution across multiple infrastructure components. This contract addition substantially strengthens the company's order book and establishes a robust revenue pipeline for the coming years.