New Delhi, Nov 19 (PTI) KEC International on Wednesday said the company sees "no bearing" on the execution of existing contracts from Powergrid, after being excluded from participating in future tenders by the state-owned transmission player.

The company has issued a clarification after receiving a communication from Power Grid Corporation of India Ltd (PGCIL) that it has been excluded for a period of nine months related to an earlier issue.

In a statement to exchanges, KEC International said it "does not foresee any material impact on its ongoing operations or financial position".

The company said it is examining various options available, including legal recourse/approaching PGCIL for reconsideration of the matter.

In a filing to exchanges on Tuesday, KEC International informed "rece

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