KEC International shares rise up to 6% on relief to participate in ongoing bids for Power Grid

KEC International shares rise.

KEC International shares gained more than 7 percent on Monday after the Delhi High Court allowed the company to participate in the ongoing bids of various projects, including that of Power Grid Corporation of India. Earlier, the state-owned Power Grid Corporation of India Ltd (PGCIL) prohibited the company from participating in its tenders for a period of nine months through an order issued on November 10, 2025.

Shares of the company opened gap-up with a gain of 2.95 percent and touched an intraday high of Rs 764.80, up 7.57 percent. The stock has been gaining for the last two days.

After hearing KEC's petition, "the High Court of Delhi vide its order dated December 17, 2025... has kept the said PGCIL order in abeyance, pending passing of fresh/supplementary order, expressly dealing with all contentions raised by the Company in its reply to Show Cause Notice of PGCIL," KEC International said in a regulatory filing.

The High Court has further allowed the company to continue to participate in ongoing bids, including that of PGCIL, till PGCIL completes the aforesaid action, KEC International said.

In November, KEC International said it had an order intake of Rs 17,066 crore in year-to-date (YTD) FY26, a year-on-year growth of 17 percent. The share of PGCIL in this year's order intake is 4 percent, compared with 27 percent in the previous year's order intake.