The High Court has scheduled to hear KEC International 's plea on January 19 regarding the company's request to participate in other companies' tenders. This development comes amid the ongoing 9-month tender ban imposed by Power Grid Corporation, which the High Court had previously upheld.

Court Proceedings Update

The upcoming hearing represents a significant development in KEC International's legal challenge. The company is seeking permission to participate in tenders issued by other companies, potentially expanding its bidding opportunities beyond the current restrictions.

Background Context

The High Court had earlier upheld Power Grid Corporation's decision to impose a 9-month ban on KEC International from participating in tenders. This judicial ruling validated the power transmission company's administrative action to restrict the infrastructure company's participation in bidding processes.

The current plea indicates KEC International's efforts to seek relief from the restrictions and expand its tender participation scope to other companies in the sector.

KEC International started the new year with a significant milestone, securing new contracts worth ₹1,050 crores across multiple business segments including renewables, civil construction, transmission and distribution (T&D), and cables and conductors. The diversified infrastructure company marked its strategic entry into the wind energy sector with a breakthrough order, expanding its renewable energy portfolio while strengthening its position across key infrastructure segments.

Contract Portfolio and Strategic Market Entry

The newly acquired contracts demonstrate KEC International's expanding footprint across critical infrastructure sectors:

The breakthrough order for a 100+ MW wind power project in South India represents KEC International's maiden entry into the wind energy segment. Secured from a private developer, this contract marks the company's strategic expansion into the fast-growing wind power market within the renewable energy sector.

Business Segment Performance

KEC International's civil business secured an order in the Buildings & Factories (B&F) segment from an existing client for execution of a downstream project in western India for a leading steel company. In the T&D business, the company has secured orders for supply of towers, hardware and poles in the Americas, with its subsidiary SAE Towers winning significant tower supply orders in Mexico, indicating improved demand in the North American transmission market.

Management Commentary and Order Book

Vimal Kejriwal, Managing Director and CEO of KEC International, expressed satisfaction with the new order wins, stating: "We are pleased with the new order wins across businesses especially the maiden order in the Wind Energy segment secured by our Renewables business, marking our entry into this fast-growing area of the Renewable energy sector."

With these latest orders, KEC International's year-to-date order intake stands at approximately ₹19,300 crores, strengthening revenue visibility across multiple business verticals. The company had previously secured its largest T&D business order in India worth ₹1,150 crores in December, highlighting consistent order momentum.

Market Performance

Shares of KEC International are currently trading at ₹736.70 apiece, down 0.16% from the day's opening on the NSE. The stock performance reflects market response to the company's diversified order wins and strategic expansion into new renewable energy segments, positioning the company for growth across multiple infrastructure verticals.