New Delhi, Nov. 19 -- Shares of KEC International fell more than 7 percent on Wednesday, November 19, after the company disclosed that Power Grid Corporation of India Ltd. had barred it from participating in tenders issued by the state-run entity for nine months.

According to the communication, the company has been excluded from taking part in PGCIL tenders and from receiving contract awards for a nine-month period starting November 18, 2025. The action relates to an alleged transgression of contractual provisions linked to an earlier matter that had been communicated to the stock exchanges through a letter dated March 24, 2025.

KEC clarified that this restriction will not impact any ongoing Power Grid Corp projects currently under exec...