Rs 496 Crore Order Book: Power Cable Company Receives New Order Worth 13,04,77,066.89 From Rajasthan Rajya Vidyut Prasaran Nigam Ltd
The stock is up by 7.2 per cent from its 52-week low of Rs 157.20 per share.
Kay Cee Energy & Infra Limited has secured a significant work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited. This contract pertains to the construction of a 132kV double circuit overhead line (1.5 km) and a 1.5 km underground cable, both integrated with OPGW, originating from the 132kV GSS Daizer substation. The project encompasses a comprehensive scope, including detailed route surveys, conductor stringing, cable laying and installation, and the provision of all associated accessories. The total value of this domestic order is INR 13,04,77,066.89, inclusive of GST, and is expected to be completed within nine months from the letter of acceptance.
KayCee views this award as a validation of their team's expertise and commitment. They express enthusiasm for collaborating with Rajasthan Rajya Vidyut Prasaran Nigam Limited on this project. The company also emphasizes the crucial role of stakeholder support in ensuring the successful execution of the contract, which involves complex electrical infrastructure development.
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About the Company
Kay Cee Energy & Infra Ltd, a leading player in the power sector, specializes in EPC projects for transmission and distribution systems. Established in 2015, the company has a strong track record of working with government entities like RRVPNL. To further enhance its capabilities and reduce reliance on external suppliers, Kay Cee Energy & Infra Ltd is establishing its first manufacturing facility in Rajasthan. This strategic move will enable the company to manufacture key components for its EPC projects, ensuring greater control over quality, supply chain management, and project execution.
As of January 31, 2025, the company's order book stands at Rs 496 crore. 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 174 crore with a PE of 30x, an ROE of 20 per cent and an ROCE of 23 per cent. The stock is up by 7.2 per cent from its 52-week low of Rs 157.20 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.