Archive · 20 Nov 2025
KEC International Stock Plunges on Power Grid Ban
KEC International's stock price dropped by more than 7% after Power Grid Corporation banned the company from participating in its tenders for nine months.
This ban is due to an alleged breach of contract that happened earlier this year.
KEC has said that this won't affect any current projects and they are looking into legal options to challenge this decision.
KEC International shares fell over 7% on Nov 19
Power Grid barred KEC from tenders for nine months
Ban relates to an alleged contractual breach in 2025
KEC clarifies no impact on ongoing projects
Company exploring legal options and reconsideration
- Who
- KEC International
- What
- Fell in stock price after Power Grid ban
- When
- Nov 19, 2025
- Where
- Stock market
- Why
- Alleged breach of contract with Power Grid
KEC International's Stance
Power Grid's Stance
Ban Reason
KEC International's Stance
Alleged breach of contract
Power Grid's Stance
Unspecified contractual provisions
- Ban Duration
- Nine months
- Effective Date
- Nov 18, 2025
- Impact on Ongoing Projects
- None
- KEC's Response
- Exploring legal options and reconsideration
- Stock Performance (Nov 19)
- Fell over 7%
Sources
KEC International share falls 7% after Power Grid bars firm from tenders for nine months
KEC International shares crash 7% after Power Grid bars fresh bids; stock down for 3rd day
KEC International tumbles 5% after Power Grid excludes company from new tenders
KEC says Power Grid tender ban won’t hit ongoing contracts
