G R Infraprojects Limited has secured a major contract from NTPC Limited for implementing Battery Energy Storage Systems (BESS) at thermal power stations. The company received the Notification of Award on March 28, 2026, for the EPC package worth ₹413.37 crores, excluding GST.

Project Details and Scope

The contract encompasses comprehensive engineering, procurement, and construction services for BESS implementation at Mouda Super Thermal Power Station. The scope includes services, Ex-Works (India) supply, and comprehensive annual maintenance for the entire design life of the BESS system.

Contract Specifications

The project falls under Lot-1 of NTPC's EPC Package for BESS Implementation at NTPC Thermal Power Stations, specifically targeting the Mouda facility. The contract is structured on an EPC basis, ensuring G R Infraprojects takes complete responsibility for the project's execution from design to commissioning.

Key aspects of the contract include:

• Complete battery energy storage system implementation
• Comprehensive maintenance services throughout the system's design life
• Ex-Works supply arrangements within India
• Integration with existing thermal power station infrastructure

Regulatory Compliance and Disclosure

G R Infraprojects made this disclosure in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The company confirmed that no promoter, promoter group, or group companies have any interest in NTPC Limited, and the contract does not fall within related party transactions.

The notification was signed by Company Secretary Sudhir Mutha and communicated to both BSE Limited and National Stock Exchange of India Limited on March 29, 2026. This contract represents a significant addition to G R Infraprojects' portfolio in the energy storage sector, demonstrating the company's expanding capabilities in renewable energy infrastructure projects.

GR Infraprojects Limited has successfully completed the transfer of three wholly owned subsidiaries to Indus Infra Trust on March 25, 2026. The infrastructure company received the full consideration amount and completed all regulatory formalities for the divestment of its highway project assets.

Transaction Completion Details

The company has confirmed receipt of consideration from Indus Infra Trust and completed the transfer of GR Bilaspur Urga Highway Private Limited (GBUHPL), GR Ujjain Badnawar Highway Private Limited (GUBHPL), and GR Ena Kim Expressway Private Limited (GEKEPL). With effect from March 25, 2026, all three entities have ceased to be wholly owned subsidiaries of GR Infraprojects Limited.

Financial Impact Assessment

The divested subsidiaries represented a significant portion of GR Infraprojects' consolidated operations as of March 31, 2025. The three entities collectively contributed ₹167,813.47 lakhs to consolidated income, representing 22.69% of total income, and ₹20,609.69 lakhs to consolidated net worth, accounting for 2.43% of total net worth.

Regulatory Compliance and Structure

The transaction was structured as an arms' length deal with Indus Infra Trust, identified as a related party located at Seventh Floor, GR One Tower, Plot No. 7B, Sector 18, Gurugram, Haryana-122015. The trust does not belong to the promoter or promoter group of GR Infraprojects Limited.

GR Ena Kim Expressway Private Limited, being classified as a material subsidiary, required shareholder approval which was obtained through postal ballot on March 20, 2026. The other two subsidiaries did not require such approval as they were not classified as material subsidiaries.

Strategic Implications

The completed divestment represents a strategic restructuring of GR Infraprojects' asset portfolio, allowing the company to monetize its highway project investments. The transaction has been disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full regulatory compliance and transparency for all stakeholders.