in may and june 2019 based on the good faith discussions held under clause 244c of project agreement it is evident that circumstances constituting the termination event have neither been remedied to the satisfaction of ntpc nor have ceased to apply the stateowned firm said in the letters ntpc said it is through the letter intimating bgr of its decision to terminate the project agreement accordingly the project agreement shall stand terminated on the expiry of the notice period of 45 days from the date of this letter ie july 4 2019 this letter is without prejudice to ntpcs other rights which nptc is entitled to under the project agreement andor under any applicable law it asked bgr to give it a notice of at least 72 hours prior to taking any legal action against ntpc and to refrain from obtaining any orders against the company without disclosing the entire termination letter to such judicial forum andor authority ncc held 51 per cent interest in the special purpose vehicle it created for talaipalli coal mine operation bgr was to hold the remaining 49 per cent the value of the project was estimated to be rs 25071 crore to be executed over 25 years anz anu