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Mitsubishi seeks smaller exit penalty as it moves to quit West Bengal NTPC power project
Business
Published on 29 April 2026
Mitsubishi wants penalties for quitting cut down
Mitsubishi is preparing to exit an incomplete NTPC power project in West Bengal, setting off talks over what penalty it should pay for withdrawal. Mitsubishi has put forward an offer tied to penalties, while NTPC is pushing for a higher settlement amount. Negotiations are ongoing as both sides aim to agree on the final financial terms.
- Mitsubishi plans to exit an incomplete NTPC project in West Bengal
- Talks focus on the penalty Mitsubishi must pay for withdrawal
- Mitsubishi proposes a lower settlement figure than NTPC wants
- Both parties are negotiating to reach an acceptable resolution
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times