KEC International Shares Jump 7% After Court Ruling

Shares of KEC International gained more than 7% on Monday after the Delhi High Court allowed the company to participate in ongoing bids, including those of Power Grid Corporation of India. This comes as a significant relief for the company, which was previously prohibited from participating in Power Grid Corporation's tenders for nine months.

Background of the Case

The state-owned Power Grid Corporation of India Ltd (PGCIL) had issued an order on November 10, 2025, banning KEC International from participating in its tenders. However, the Delhi High Court has now kept this order in abeyance, pending a fresh review of the case.

Impact on KEC International

KEC International's shares opened with a gain of 2.95% and touched an intraday high of Rs 764.80, up 7.57%. The company's stock has been gaining for the last two days. In a regulatory filing, KEC International stated that the High Court has allowed the company to continue participating in ongoing bids, including those of PGCIL, until further notice.

Order Intake and Growth

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

What This Means for Investors

The court ruling is a positive development for KEC International and its investors. The company can now continue to participate in ongoing bids, which could lead to increased revenue and growth. However, investors should keep in mind that this is a developing story and should do their own research before making any investment decisions.

Remember, this is a perspective, not a prediction. It's essential to stay informed and up-to-date on market developments to make informed investment choices.