Shares of KEC International surged over 5% in early trade after the company received interim relief from the High Court of Delhi, providing a major boost to investor sentiment. The rally followed a court order that kept in abeyance an earlier directive issued by Power Grid Corporation of India Limited (PGCIL), which had barred the company from participating in its tenders for nine months.
The development relates to a communication dated November 18, 2025, through which PGCIL had excluded KEC International from bidding for its projects. Challenging this decision, the company filed a writ petition before the High Court of Delhi, contesting the exclusion order and placing its submissions on record.
After hearing the matter, the Delhi High Court, through its order dated December 17, 2025—received by the company on December 19, 2025—directed that the PGCIL order be kept in abeyance. The court observed that a fresh or supplementary order should be passed by PGCIL after expressly considering all contentions raised by KEC International in its reply to the show cause notice.
Crucially, the court has also permitted KEC International to continue participating in all ongoing bids, including those floated by PGCIL, until the matter is reconsidered and concluded by the power transmission major. This relief removes a key overhang for the company, which has a significant presence in power transmission and infrastructure projects.
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