This Energy Transmission Company Bags Order Worth Rs 19,59,53,957 from Gawar Construction, Complete Details Inside!
The company’s shares have delivered an impressive return of over 55 per cent in just 3 months only.
Founded in 2015, Kay Cee Energy and Infra Ltd specializes in the construction and commissioning of electricity transmission and distribution systems. The company handles engineering, procurement, and construction (EPC) projects for government entities, including Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).
The company has received a purchase order worth approximately Rs 19,59,53,957.69 crore from Gawar Construction Ltd (EPC Contractor) for the Principal Employer, National Highway Authority of India (NHAI). The project involves shifting various EHV lines, electrical utilities, electrical towers, and transformers, including excavation, supply of materials, erection, and related tasks as per the sanctioned estimates of the RRVPNL Division in Jodhpur. This contract must be executed within six months, including obtaining test reports and liaising.
Kay Cee Energy and Infra Ltd shares closed the day at around Rs 335 per share. The company’s current market capitalization stands at Rs 367.16 crore. The stock has delivered a return of over 55 per cent in just 3 months.
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As per the Quarterly Results, in the fourth quarter of FY24, Kay Cee Energy and Infra Ltd recorded a revenue of Rs 40.34 crore. The operating profit for Q4 FY24 stood at Rs 7.04 crore. The net profit for Q4 FY24 was Rs 3.76 crore. Looking at the annual performance, the company generated a revenue of Rs 64.47 crore in FY24, compared to Rs 61.09 crore in FY23. The operating profit for FY24 was Rs 12.50 crore with a net profit of Rs 6.55 crore.
According to the shareholding pattern, promoters own 70.26 per cent, while the remaining 1.41 per cent is owned by public investors. DIIs owns a 1.41 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.