19 Nov 2025 | 3 Mins Read
KEC International hit with 9-month tender ban, stocks dive 7%
Flipitmoney
KEC International's shares dropped 7% on November 19 after Power Grid debarred the firm from new tenders and contracts for nine months, citing "alleged transgression of contractual provisions" related to a March bribery scandal involving Power Grid and KEC International executives. The exclusion won't affect existing Power Grid projects.