+
Delhi HC Stays PGCIL Order against KEC International
POWER & RENEWABLE ENERGY

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High Court of Delhi.

After hearing the matter, the Delhi High Court, through its order dated December 17, 2025, has kept the PGCIL order in abeyance. The order was received by the company on December 19, 2025. The court has directed PGCIL to pass a fresh or supplementary order that expressly addresses all the contentions raised by KEC International in its reply to the show-cause notice issued by the power transmission major.

Importantly, the High Court has also permitted KEC International to continue participating in all ongoing bids, including those floated by PGCIL, until the completion of the revised process by the public sector utility. This interim relief enables the company to maintain business continuity while the matter remains under consideration.

In its disclosure, KEC International reiterated its commitment to the highest standards of corporate governance, ethics and regulatory compliance. The company stated that it conducts its operations with integrity, transparency and strict adherence to applicable laws and regulations.

The disclosure has been made for the information of stakeholders and for record purposes, in line with regulatory requirements.

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High Court of Delhi.After hearing the matter, the Delhi High Court, through its order dated December 17, 2025, has kept the PGCIL order in abeyance. The order was received by the company on December 19, 2025. The court has directed PGCIL to pass a fresh or supplementary order that expressly addresses all the contentions raised by KEC International in its reply to the show-cause notice issued by the power transmission major.Importantly, the High Court has also permitted KEC International to continue participating in all ongoing bids, including those floated by PGCIL, until the completion of the revised process by the public sector utility. This interim relief enables the company to maintain business continuity while the matter remains under consideration.In its disclosure, KEC International reiterated its commitment to the highest standards of corporate governance, ethics and regulatory compliance. The company stated that it conducts its operations with integrity, transparency and strict adherence to applicable laws and regulations.The disclosure has been made for the information of stakeholders and for record purposes, in line with regulatory requirements.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code