RPG Group firm and a global infrastructure major, KEC International Ltd , on Tuesday (November 18), said it has received a letter today from Power Grid Corporation of India Ltd (PGCIL) informing the company that it has been excluded from participating in PGCIL tenders and from receiving contract awards for a period of nine months starting November 18, 2025.
Power Grid Corporation of India's action relates to an alleged transgression of contractual provisions tied to a matter previously communicated to the stock exchanges on March 24, 2025. The company said the restriction will not affect any existing Power Grid Corporation of India projects currently under execution.
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