KEC International Limited , a prominent player in the power transmission and distribution sector, has been excluded from participating in Power Grid Corporation of India Limited (PGCIL) tenders for a period of nine months, starting November 18, 2025. This development comes in the wake of alleged contractual transgressions related to an earlier matter.

Key Details of the Exclusion

Company's Response and Outlook

KEC International has stated that it does not anticipate any significant impact on its operations or financial position due to this exclusion. The company cites its strong order book and robust tender pipeline as mitigating factors.

In response to the situation, KEC International is exploring various options, including:

1. Seeking legal recourse
2. Approaching PGCIL for reconsideration of the decision

Corporate Governance Statement

In light of the situation, KEC International has reaffirmed its commitment to upholding the highest standards of corporate governance, ethics, and compliance across all its operations. The company emphasizes its dedication to conducting business with integrity, transparency, and adherence to applicable laws and regulations.

Market Implications

While the exclusion from PGCIL tenders may pose challenges for KEC International in the short term, the company's confidence in its existing order book and pipeline suggests a potentially limited impact on its overall business performance. However, investors and market watchers will likely monitor the situation closely, particularly any developments regarding the company's efforts to seek reconsideration or legal remedies.

As the power transmission and distribution sector continues to evolve, the outcome of this situation may have broader implications for industry practices and contractual relationships between major players in the field.

KEC International Ltd. , a global infrastructure Engineering, Procurement and Construction (EPC) major, has announced securing new orders valued at ₹1,016 crores across various business segments. This development marks a significant milestone for the company, particularly with its entry into the Middle East's oil and gas sector.

Order Details

The new orders span across multiple business verticals:

• Upstream project in Eastern India for a leading steel player | | Oil & Gas Pipelines | First order secured in the Middle East | | Transmission & Distribution | - Supply of towers, hardware, and poles in the Middle East and Americas
• 400 kV Transmission lines in the UAE | | Cables & Conductors | Supply orders for various types of cables and conductors in India and overseas markets |

Strategic Expansion

The company's entry into the GCC region's oil and gas sector is particularly noteworthy. KEC International has secured its first order for composite station works in this region, opening up new avenues for future growth in a large and attractive market.

Management Commentary

Vimal Kejriwal, MD & CEO of KEC International Ltd., expressed satisfaction with the new order wins. He highlighted the expansion of the Civil business portfolio with the luxury villa development project and the strengthening of their order book in the metals & mining segment.

Financial Implications

These new orders have contributed to KEC International's year-to-date order intake crossing ₹17,000 crores, representing a robust growth of approximately 17% compared to the previous year. This growth trajectory reinforces the company's confidence in achieving its targeted expansion.

Company Overview

KEC International, a flagship company of the RPG Group, has a global presence in over 110 countries. The company operates across various infrastructure verticals, including Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors.

This latest development underscores KEC International's continued growth strategy and its ability to secure diverse projects across different geographical regions and business segments.