KEC International shares tumble 7% as Power Grid Corp bars firm from new tenders for 9 months

KEC International share price: KEC International shares fell 7.2% after the firm said Power Grid barred it from bidding for new tenders for nine months starting November 18, citing a previously disclosed contractual breach. The restriction wont affect ongoing projects. KEC said it is evaluating all options, including legal recourse, to address Power Grids decision.