GR Infraprojects Ltd has secured a significant order win by emerging as the lowest bidder (L1) for a major Battery Energy Storage System (BESS) project at NTPC Thermal Power Stations. The announcement came on Friday (January 16) following the opening of financial bids for the tender.

NTPC BESS Project Details

The project represents Lot-1 of NTPC's comprehensive BESS implementation programme and will be executed at the Mouda Super Thermal Power Station located in Maharashtra. The scope involves Engineering, Procurement and Construction (EPC) work for battery energy storage system implementation.

Recent Railway Project Win

In November 2025, GR Infraprojects received an appointed date of November 15, 2025, from Western Railways for a gauge-conversion project in Gujarat's Vadodara division. This project demonstrates the company's diversified infrastructure capabilities across power and railway sectors.

The railway project encompasses comprehensive infrastructure development between Kosamba and Umarpada stations. The scope includes multiple components essential for gauge conversion operations.

Project Scope Components

The Gujarat railway project includes extensive infrastructure work:

• Earthwork and blanketing operations
• Ballast supply and track linking
• Construction of minor and major bridges
• Station buildings development
• Water and sanitation facilities
• Platform construction and retaining walls
• Drainage systems implementation
• 30 road under-bridges (RUBs) construction

Notably, the contract excludes the supply of new rails, focusing primarily on civil and infrastructure components.

Market Performance

Shares of GR Infraprojects Ltd closed at ₹925.40 on the BSE, declining by ₹3.30 or 0.36% during the trading session. Despite the minor decline, the company's recent order wins demonstrate strong business momentum in the infrastructure sector.

GR Infraprojects Limited has submitted additional details to BSE Limited regarding a delayed corporate announcement concerning changes in senior management, following observations raised by the exchange.

Regulatory Compliance Clarification

The company addressed concerns regarding its corporate announcement submitted on January 6, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made in response to BSE's requirement for additional details as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Timeline Interpretation Issues

GR Infraprojects explained that the delay in reporting the senior management personnel resignation within 24 hours of the effective resignation date was inadvertent. The company cited specific reasons for the delayed disclosure:

• Ambiguity in interpretation of applicable timeline requirements
• Confusion between 24-hour and 7-day disclosure periods
• Different provisions under Regulation 30 and Schedule III of SEBI (LODR) Regulations, 2015

Company's Response and Commitment

The infrastructure company emphasized its commitment to regulatory compliance and transparency. Key points from their clarification include:

• No intention to delay or withhold material information from stakeholders
• Prompt disclosure made after obtaining clarity on applicable requirements
• Internal review conducted to prevent future compliance issues
• Request for exchange to acknowledge the explanation

The submission was signed by Company Secretary Sudhir Mutha on January 9, 2026, reaffirming the company's dedication to maintaining proper disclosure standards and regulatory compliance going forward.