Electricity Transmission & Distribution Company Bags New Orders Worth Rs 78,26,32,840.6 From Rajasthan Rajya Vidyut Prasaran Nigam Ltd
The company has a market cap of Rs 318 crore with a PE of 47x, an ROE of 21 per cent and an ROCE of 23 per cent.
Kay Cee Energy & Infra Limited has been awarded a substantial contract from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN) to operate and maintain 75 132 kV substations. This three-year contract, valued at Rs 55,78,00,287 (including 18 per cent GST), marks a significant milestone for Kay Cee Energy, reflecting its expertise in the energy infrastructure sector. The award underscores the trust placed in Kay Cee Energy by RVPN, and the company is poised to leverage their capabilities to deliver efficient and reliable maintenance services for critical substations.
In addition to the aforementioned contract, Kay Cee Energy has been awarded another work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited for the up-rating and refurbishment of existing 132 kV lines using HTLS conductor in the Jaipur EHV network. The approximate order value for this project is Rs 22,48,32,553.60. This contract further solidifies Kay Cee Energy's position as a leading player in the energy infrastructure sector and demonstrates the company's commitment to delivering high-quality solutions to its clients.
Kay Cee Energy & Infra Ltd, established in 2015, is a prominent player in the construction and commissioning of electricity transmission and distribution systems. The company specializes in EPC projects for government entities, notably Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). Its comprehensive service portfolio encompasses handling, erection, testing and commissioning of equipment and materials for power transmission and distribution systems, including transmission lines, substations, automation and maintenance of high-voltage lines up to the 765 kV level.
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To enhance efficiency and reduce reliance on external suppliers, Kay Cee Energy & Infra Ltd is planning to set up its first manufacturing facility in Rajasthan. This strategic move will enable the company to manufacture products required for its EPC contracts, ensuring greater control over quality and supply chain management. With a strong clientele base that includes prestigious organizations like Rajasthan Rajya Vidyut Prasaran Nigam Limited, Power Grid Corporation of India Limited and L&T, Kay Cee Energy & Infra Ltd is well-positioned to contribute significantly to the growth and development of India's power infrastructure.
The company has a market cap of Rs 318 crore with a PE of 47x, an ROE of 21 per cent and an ROCE of 23 per cent. The stock is up by 71 per cent from its 52-week low of Rs 171.40 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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