KEC International Plunges Over 5%; Faces 9 Month Exclusion from PGCIL Tenders

KEC International has announced that it has been excluded from participating in Power Grid Corporation of India Limited tenders for 9 months exclusion from tenders and contract awards starting November 18, 2025. The company stated that ongoing projects remain unaffected. 

The decision relates to an alleged contractual transgression previously disclosed on March 24, 2025. The company clarified that existing PGCIL projects under execution will continue without disruption. 

Company Response and Available Options 

KEC International stated that it is evaluating multiple options, including legal steps and approaching PGCIL for reconsideration. The company reiterated its commitment to governance, ethics, transparency, and compliance across all operations. 

Read More: KEC International Wins New Orders Worth ₹1,016 Crores Including Maiden Oil and Gas Order! 

Impact on Operations and Order Pipeline 

The company noted that the exclusion is not expected to create a significant impact on its operational or financial position. It cited its strong order book and tender pipeline as factors that support business continuity during the exclusion period. 

It reaffirmed its adherence to corporate governance principles and confirmed that it will continue to conduct business with integrity and alignment with applicable laws and regulations. 

KEC International Share Price Performance 

As of November 19, 2025, at 9:16 AM, KEC International share price was trading at ₹735.40 down by 5.92% from the previous closing price.  

Conclusion 

The 9-month exclusion from PGCIL tenders places KEC International in a period of adjustment, though the company expects limited operational impact. It continues to explore available options while maintaining its governance standards. 

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