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Stock Report
Clarification on PGCIL Letter - No Material Impact on KEC International Ltd
Posted On : 2025-11-19 14:39:33( TIMEZONE : IST )
Further to our disclosure dated 18 November 2025 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in view of the subsequent media coverage/ investor feedback on the matter, the Company would like to provide the following clarification to ensure that all stakeholders have accurate and complete context.
This communication is being issued proactively. There is no change to the information shared earlier.
Key details below:
The Company has achieved an order intake of Rs. 17,066 crores in YTD FY26, a strong growth of 17% YoY.
- The share of PGCIL in this year's order intake is ~4% as compared to their share of ~27% in the previous year's order intake.
The Company currently has an unexecuted order book of Rs. 39,325 crores, of which the share of PGCIL is ~15%. The Company reiterates that the communication from PGCIL has no bearing on the execution of the existing PGCIL projects.
- Based on the robust tender pipeline of over Rs. 1,80,000 crores and the healthy L1 position of over Rs. 4,000 crores, the Company is confident of achieving its annual order intake target.
- The Company does not foresee any material impact on its ongoing operations or financial position.
- The Company is examining various options available to it including legal recourse/ approaching PGCIL for reconsideration of the matter.
The Company upholds the highest standards of corporate governance, ethics, and compliance in all its operations and conducts its business with integrity, transparency, and adherence to applicable laws and regulations.
Shares of KEC International Limited was last trading in BSE at Rs. 781.15 as compared to the previous close of Rs. 784.85. The total number of shares traded during the day was 514511 in over 2066 trades.
The stock hit an intraday high of Rs. 800.00 and intraday low of 770.40. The net turnover during the day was Rs. 403640643.00.
