G R Infraprojects Bags Rs 488 Cr NTPC BESS; Shares Drop 1.25%

Shares of G R Infraprojects Ltd fell 1.25% after touching a day’s high of Rs 940.75 on 19th January, even as the company said on Friday (16th January) that it has emerged as the lowest bidder (L1) for an EPC package related to the implementation of a Battery Energy Storage System (BESS) at NTPC thermal power stations.

The project relates to Lot-1 of NTPC’s Battery Energy Storage System (BESS) programme. It will be carried out at the Mouda Super Thermal Power Station in Maharashtra.

The financial bid was opened on 16th January, 2026, following a tender issued by NTPC.

The total contract value stands at Rs 487.78 crore. The work will be executed under the Engineering, Procurement and Construction (EPC) mode, with a completion timeline of 15 months.

Separately, in November 2025, G R Infraprojects said it received an appointed date of 15th November 2025 from Western Railways for a gauge-conversion project. This project is in Gujarat’s Vadodara division.

The railway project involves 38.9 km of gauge conversion between Kosamba and Umarpada. It includes earthwork, bridges, station buildings, platforms, water and sanitation facilities, retaining walls, drains, track linking, and construction of 30 road under-bridges (RUBs). However, the scope excludes the supply of new rails.

This project will also be executed under the EPC model. The contract value is Rs 262.28 crore and the completion period is 730 days from the appointed date.

At 12:38 PM, shares of G R Infraprojects were trading 1.26% lower at Rs 911.40 on NSE.

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