KEC International barred from Power Grid Corporation tenders for 9 months

RPG Group firm and a global infrastructure major, KEC International Ltd, on Tuesday (November 18), said it has received a letter today from Power Grid Corporation of India Ltd (PGCIL) informing the company

that it has been excluded from participating in PGCIL tenders and from receiving contract awards for a period of nine months starting November 18, 2025.

Power Grid Corporation of India's action relates to an alleged transgression of contractual provisions tied to a matter previously communicated to the stock exchanges on March 24, 2025. The company said the restriction will not affect any existing Power Grid Corporation of India projects currently under execution.

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KEC International said it is examining various options, including legal recourse and approaching Power Grid Corporation of India for reconsideration of the decision. The company added that it does not anticipate any significant impact on its operations or financial position, citing a strong order book and a healthy tender pipeline.

The company stated that it upholds the highest standards of corporate governance, ethics, and compliance and conducts its business with integrity, transparency, and adherence to applicable laws and regulations.

Shares of KEC International Ltd ended at ₹780.05, down by ₹4.80, or 0.61%, on the BSE.

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