Mumbai, Nov. 19 -- The restriction, effective November 18, does not affect ongoing PGCIL projects.

In its filing, KEC said the action stems from alleged contractual violations tied to an issue first disclosed in March 2025. The company said it is reviewing its options, including legal steps and seeking a reconsideration from PGCIL.

KEC added that the development will not materially affect its operations or financials, supported by a strong order book and tender pipeline. It reiterated its adherence to high standards of governance and compliance.

The company is a global EPC player with operations across power transmission and distribution, civil infrastructure, transportation, renewables, oil and gas pipelines, and cables.

KEC's consol...