KEC International has received notice of its exclusion from participating in tenders of Power Grid Corporation of India Limited (PGCIL) for 9 months, starting November 18, 2025. The exclusion does not affect existing PGCIL projects under execution. KEC International is evaluating available options, including legal recourse and appealing for reconsideration. The company believes this will not have a significant impact on its operations, considering its strong order book.
PGCIL Tender Exclusion
KEC International has been informed by Power Grid Corporation of India Limited (PGCIL) that it is excluded from participating in tenders for a period of 9 months. This exclusion comes into effect from November 18, 2025.
Scope of Impact
The exclusion specifically relates to new tenders from PGCIL and will last for 9 months. Existing projects with PGCIL that are currently under execution are not affected by this decision.
Company Response
KEC International is currently reviewing all available options, including legal avenues, and is considering approaching PGCIL to reconsider its decision. Despite this development, the company anticipates that the impact on its overall operations and financial standing will not be significant. This assessment is based on KEC International’s robust order book and ongoing tender pipeline.
Source: BSE