Whalesbook
KEC International announced that Power Grid Corp of India has barred it from participating in future tenders for nine months, citing alleged contractual transgressions. While KEC stated this ban will not impact ongoing projects and is evaluating legal options, its shares fell over 10% following the news. This action comes months after a bribery case involving a Power Grid official and a KEC employee. The company also reported a 17% year-on-year rise in order intake for FY26, though Power Grid's contribution to recent orders has decreased.