KEC International says tender restrictions won’t materially affect operations

KEC reassures stability amid tender ban  
Following Power Grid Corporation of India Ltd’s decision to bar KEC International from bidding for new tenders for nine months, the company issued a regulatory statement assuring stakeholders that its ongoing projects remain unaffected. KEC highlighted its diversified portfolio and robust pipeline, which provide visibility and stability for future operations.  

The company also noted that it is exploring legal options to address the tender restrictions while continuing to pursue opportunities in domestic and international markets. Despite a temporary dip in share price, KEC maintains confidence in its ability to deliver on existing commitments and sustain growth momentum.  

Major takeaways  

• KEC International barred from Power Grid tenders for nine months  
• Company says ongoing projects and financials remain unaffected  
• Strong order book across multiple business segments ensures stability  
• Legal options under consideration to challenge tender restrictions  
• Shares fell over 7% following announcement, reflecting investor caution  

Sources: Zee Business, Livemint, Business Standard