Why was KEC International banned from Power Grid tenders?

KEC International was banned for alleged transgression of contractual provisions related to an earlier matter.

What is the Delhi High Court's ruling on the Power Grid ban?

The Delhi High Court has suspended Power Grid's nine-month ban, allowing KEC International to continue bidding.

Will the ban affect KEC International's current projects?

KEC International stated the restriction has no bearing on the execution of existing projects.

Home / Business and Economy / Court Lifts Power Grid Ban on KEC International Bids

Court Lifts Power Grid Ban on KEC International Bids

20 Dec

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Summary

High Court suspended Power Grid's nine-month bid ban on KEC International.
KEC International can continue participating in ongoing tenders.
The court's decision allows KEC to bid for projects while the case is reviewed.

Court Lifts Power Grid Ban on KEC International Bids

The Delhi High Court has issued a significant ruling, placing a nine-month ban by Power Grid Corporation of India Ltd. on KEC International Ltd. under suspension. This temporary halt permits KEC International to continue participating in all current tenders, including those initiated by the state-owned transmission utility. The decision was detailed in an exchange filing on Saturday.

This reprieve follows Power Grid's November 18th directive, which excluded KEC International from bidding and contract awards. The exclusion was reportedly due to alleged breaches of contractual terms concerning a prior dispute. KEC International has asserted that this restriction does not affect its ongoing project executions and anticipates no substantial impact on its operational or financial standing.