Announced Fri, 26 Jun · 21:30 IST
PGCIL revokes exclusion order on KEC, company can now bid on tenders again
Business Updates View source PDF
KEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹527.00
prior close
₹540.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.0-2.0-2.5-3.0-0.9-1.2-2.3-3.3-4.0-7.6-7.5———
Up moveDown movePending
AI summary
KEC International was barred from Power Grid Corporation of India (PGCIL) tenders for 9 months starting November 2025. PGCIL has now revoked that exclusion effective June 26, 2026 after reviewing the company is representations and corrective actions. KEC can once again participate as bidder or sub-contractor in PGCIL tenders. PGCIL is a key client in the power transmission space, so the restoration of bidding eligibility removes a significant overhang on the company is order pipeline.
Likely market impact
Positive: lifts a 9-month bidding ban on PGCIL contracts, a key order source, restoring access to a major revenue stream.